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Wikipedia

AMC Theatres

January 01, 1970

This article is about the American movie theater chain. For the cable television channel operator of the same name, see AMC Networks. For other uses, see AMC (disambiguation).

AMC Entertainment Holdings, Inc. (doing business as AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain founded in Kansas City, Missouri, and now headquartered in Leawood, Kansas. It is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal and Cinemark Theatres.

AMC Entertainment Holdings, Inc.
Logo since 1994
AMC Entertainment Holdings, Inc. previous headquarters in Kansas City, Missouri
AMC Theatres
FormerlyDubinsky Bros. (1920–31, 1932–39)
Publix-Dubinsky Bros. (1931–32)
Durwood-Dubinsky Bros. (1939–47)
Durwood Theatres (1947–68)
American Royal Cinemas (1968–69)
American Multi Cinema (1969–80)
Company typePublic
IndustryEntertainment
Predecessors
Founded1920; 104 years ago (1920) in Kansas City, Missouri, U.S.
Founders
  • Edward Durwood
  • Maurice Dubinsky
  • Barney Dubinsky
Headquarters
Leawood, Kansas
,
U.S.
Number of locations
898 theaters and 10,059 screens
Key people
Revenue US$4.81 billion (2023)
US$−0.07 billion (2023)
US$−0.39 billion (2023)
Total assets US$9.00 billion (2023)
Total equity US$−1.84 billion (2023)
OwnerAdam Aron (0.23%)[1]
Number of employees
33,812 (December 2023)
DivisionsOdeon Cinemas Group
Subsidiaries
Websiteamctheatres.com
Footnotes / references
[2][3]

After acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, it became the largest movie theater chain in the world.[4] It has 2,807 screens in 353 European theatres and 7,755 screens in 593 American theatres.[3][5]

The company is listed on the New York Stock Exchange; from 2012 to 2018, the Chinese conglomerate Wanda Group owned a majority stake in the company. Private equity firm Silver Lake Partners made a $600 million investment in AMC in September 2018, but the voting power of AMC shares was structured so that Wanda Group still controlled the majority of AMC's board of directors.

Amid financial downturns caused by the COVID-19 lockdowns, in January 2021, Wanda's ownership was increasingly diluted due to new financing by AMC, as well as short squeezes that resulted in Silver Lake converting its $600 million debt holding to equity. In early-February 2021, Wanda converted its Class B shares to Class A shares, thus reducing its voting power to less than 50%.

History edit

Feature Presentation snippet from 1980

AMC Theatres was founded in 1920 by Maurice, William, Irvin, Edward, and Barney Dubinsky, who had been traveling the Midwest performing melodramas and tent shows with actress Jeanne Eagels. They purchased the Regent Theatre on 12th Street between Walnut and Grand in downtown Kansas City, Missouri.[6] Maurice, the oldest brother, died in 1929, and Barney left the company in 1936 after being injured in an auto accident.[7] Edward, the youngest brother, eventually changed his last name to Durwood, and the company they formed eventually became known as Durwood Theatres, after a legal fight with his brothers.[7] The chain also had theaters in St. Joseph and Jefferson City, Missouri and Leavenworth and Topeka, Kansas.[8]

When Edward's son Stanley left the U.S. Air Force after World War II, he joined the company in 1945. He persuaded his father to build drive-in theaters in St. Joseph, Jefferson City, and Leavenworth. In 1947 they expanded further with the acquisition of the Liberty Theater in downtown Kansas City which they remodeled and renamed the Roxy.[9] They won an antitrust suit to enable them to show first-run product at the Roxy and went on to acquire all of the downtown cinemas in Kansas City including The Empire Theater, the Capri Theatre, the Midland Theatre and the Paramount Theatre.[8]

In 1961, after Ed died, Stanley took control of Durwood Theatres, a small ten-theatre chain. With an interstate planned around Kansas City, Durwood looked to sites outside downtown and acquired two sites at a shopping center on Kansas City's Ward Parkway to build a 700-seat theater. As the sites could not be combined, they opened two theaters side-by-side as the Parkway Twin Theatre in 1963.[8] This was the company's first foray into using the multiplex model. According to Variety, Stanley Durwood later claimed in 1962 that he "was standing in the lobby of his 600-seat Roxy in Kansas City mulling over its poor grosses, when he realized he could double his box office by adding a second screen and still operate with the same size staff."[10]

Following the success of the Parkway Twin, AMC followed up with the Embassy 3 triplex at the Country Club Plaza; the Metro Plaza, a four-screen theater in Kansas City in 1966; and a six-screen theater in Omaha in 1969.[11][12][8]

The industry quickly embraced the multiplex concept, where additional screens meant very little difference in staff and operating costs but resulted in a significant profit increase. The concept also provided more film choices at one location, drawing bigger crowds. It also gave owners the flexibility to show big hits on more screens and less reliance on any individual film that could turn out to be a bust.[13]

Stanley renamed Durwood Theatres as American Royal Cinema on October 1, 1968, after the American Royal livestock and horse show, but the latter's producers sought an injunction, and the name was changed to American Multi-Cinema, Inc.[14][8]

Stanley began to apply military management and the insights of management science to revolutionize the movie theatre industry.[15] As he later explained to Variety magazine, "We needed to define what our company was doing in the (exhibition) business. My dad wasn't that organized."[16] It was structured under the belief that every customer was a "guest".

Growth edit

 
The AMC Empire 25 theatre in Times Square, New York City

By the 1980s, the company was experiencing strong growth; in 1983, it had its initial public offering.[17] AMC Theatres built its first multiplex overseas in 1985, the 10-screen multiplex at The Point, Milton Keynes in the United Kingdom,[17] and later opened additional sites in the UK such as in Dudley and Tamworth, Staffordshire. In October 1988, they announced a joint venture with United Artists Theaters and Cinema International Corporation (a partnership of Paramount Pictures and Universal Studios) to run their combined cinemas in the UK, Ireland under the AMC name, however, AMC pulled out of the joint venture in December 1988, and sold their U.K. assets, including their 12 cinemas, to the new entity (later called United Cinemas International) for $98 million and withdrew from the UK market.[18][19][20]

In 1988, Kinepolis Brussels, the first megaplex in the world, with 25 screens and 7,600 seats, was opened by Kinepolis, the European chain.[21][22][23][24]

In 1995, AMC Theatres opened the first North American megaplex, the AMC Grand 24 in Dallas, Texas, a theater complex that could accommodate thousands.[25] AMC continued to open other megaplex theaters, such as the AMC Hampton Towne Center 24 in Hampton, Virginia, and the chain's busiest theater in the US, the AMC Empire 25 in New York City near Times Square.

On December 13, 1996, AMC opened the Ontario Mills 30, a 30-screen theater in Ontario, California, which at the time was the largest multiplex in the world.[26][17] AMC Theatres' megaplex theatres were a success overseas as well. In April 1996, they opened Canal City 13 in Fukuoka, Japan, which was followed on December 20, 1996, by the AMC Arrábida 20 in Porto, Portugal.[20] In January 2002, the 16-screen Great Northern theatre was opened in Manchester in the U.K., which was later supplemented by the opening of a 12-screen cinema on the Broadway Plaza site in Birmingham in October 2003. AMC Theatres sometimes serve a dual function; in addition to the regular cinema functions, they also cater to companies' business conferences that can make use of their projectors for displaying presentations.[27]

In 2004, AMC Theatres was acquired by Marquee Holdings Inc., an investment vehicle controlled by affiliates of J.P. Morgan Partners, LLC, the private equity arm of JPMorgan Chase, and Apollo Global Management, a private investment firm.[28] At the time, AMC was publicly traded on AMEX under the code AEN.[29]

In 2006, the company announced a new initial public offering (IPO) expected to be worth approximately $789 million;[30] however, adverse market conditions convinced the company's management to withdraw from such an offering on May 3, 2007.[31] The company filed for a $450 million IPO in its third such filing since 2006 on July 14, 2010.[32][33]

Stanley Durwood died in 1999, and his successor was Peter Brown, the first non-Dubinsky/Durwood family member to head the company.[10] Gerardo I. Lopez succeeded Brown as president and CEO of AMC Theatres on March 2, 2009.[34] Previously, Lopez was the Executive Vice President of President Consumer Products Group, Seattle's Best Coffee, and Foodservice at Starbucks.[35] Under new leadership, one of the first major announcements came in March of the same year; the company announced that it would equip 1,500 of its screens with Real D projectors.[36] In the same month, AMC Theatres announced it had closed on a $315 million deal with Sony to replace all of its reel projectors with digital cinema projectors, starting in the second quarter of 2009 and completing in 2012.[37]

The company was formerly headquartered in downtown Kansas City. In September 2011, AMC Theatres announced plans to move its headquarters to a new $30 million four-story building designed by 360 Architecture in the Park Place development at 117th Street and Nall Avenue in Leawood, Kansas in suburban Kansas City. Kansas had offered $47 million in incentives to get the 400 jobs to move.[38]

After reaching a settlement with the state of Illinois regarding complaints from a disability rights organization in April 2012, AMC pledged to equip all of its theaters in the state with captioning and description services by 2014. The disability rights group had accused the company of only providing closed captioning or audio description systems at some of its locations in the state.[39]

Acquisition by Wanda Group (2012–2021) edit

In May 2012, AMC Theatres was acquired by Chinese conglomerate Wanda Group, headquartered in Dalian, who paid $2.6 billion to acquire AMC's 5,048 screens in 347 theaters in the U.S. and Canada.[40] The deal was finalized on September 4, 2012.[41] The acquisition made Wanda the world's largest cinema chain.[42] Wang Jianlin, CEO of Dalian Wanda Group, announced that the company would plan to spend $500 million renovating AMC locations.[41]

AMC Theatres had eight movie theatres in Canada. In July 2012, four locations were sold to Cineplex Entertainment, and two more locations were sold to Empire Theatres and later acquired by Landmark Cinemas. The two remaining locations have since closed.[43]

 
AMC Lakeline 9 in Austin, Texas

Gerardo I. Lopez announced his resignation as CEO of AMC in August 2015. Craig Ramsey was appointed as the interim CEO by the company board.[44] In December 2015, AMC announced that Adam Aron would be the company's president and chief executive officer, as well as a member of the company's board of directors, beginning on January 4, 2016.[45]

In March 2016, AMC Theatres announced it would acquire competitor Carmike Cinemas.[46] In July 2016, Carmike's management accepted a revised offer, pending regulatory and shareholder approval.[47] The deal was closed on December 25, 2016, making AMC the largest cinema chain in the United States.[48]

On March 1, 2017, AMC Theatres CEO Adam Aron stated that the company would rebrand Carmike Cinemas locations under the AMC name; smaller locations were rebranded under the new banner AMC Classic (which repurposes trademarks associated with Carmike). Aron also announced a plan to rebrand its kitchen-equipped theaters as AMC Dine-In.[49][50]

In July 2017, AMC Theatres announced they would cut $30 million in expenses by the end of the year. This cost reduction would be accomplished by reducing operating hours, cutting staffing levels, and other measures.[51]

In September 2018, Silver Lake Partners made a $600 million investment in AMC Theatres, whose proceeds were used to repurchase approximately 32% of Wanda Group's class B common stock.[52] However, the voting power of AMC's shares is structured in such a way (granting three votes per-share for each Class B share if its stake in the company is above 30%)[53] that, even after reducing its ownership of AMC common stock to just under 50% by the end of 2019, Wanda Group continued to retain majority control over AMC's board of directors.[54]

In October 2019, AMC began to offer on-demand rentals and purchases of digital film releases under the banner AMC Theatres On Demand. The service is tied to the company's Stubs loyalty program.[55][56][57]

Impact of the COVID-19 pandemic edit

On March 18, 2020, AMC announced the closure of all of its theaters due to the COVID-19 pandemic, in compliance with CDC guidance against any gathering of over ten people. AMC said this shutdown would last for at least six to twelve weeks.[58] On March 25, 2020, AMC furloughed all of its 600 corporate employees, including CEO Adam Aron. All furloughed corporate AMC employees and associates retain active employment status, including all health benefits.[59]

On April 28, 2020, AMC announced they would no longer carry films from Universal Pictures after NBCUniversal CEO Jeff Shell commented in The Wall Street Journal that the studio wanted to release films via premium video-on-demand simultaneously with theatrical releases. The company threatened that this will also be done with any other studio "who unilaterally abandons current windowing practices absent good faith negotiations between us, so that they as distributor and we as exhibitor both benefit and neither are hurt from such changes."[60]

On June 3, 2020, AMC stated that it had "substantial doubt" that it would remain in business.[61] On July 28, 2020, AMC and Universal were able to resolve their dispute, with AMC agreeing to a shorter theatrical window of 17 days before Universal could release their films via premium VOD, as well as revenue sharing on the premium VOD window.[62]

On August 20, 2020, AMC began the process of reopening selected locations in the United States where allowed under local health orders. In honor of the company's centennial year, AMC also offered a special 15-cent ticket promotion that day, promoted as "Movies in 2020 at 1920 Prices." The company aimed for at least two thirds of its locations to be open in time for the September 3 release of Tenet.[63] The company upgraded its air filtration systems to four times the rates before the pandemic and installed electrostatic sprayers in the auditoriums.[64][65] In October 2020, the company reported that its existing cash resources "would be largely depleted by the end of 2020 or early 2021."[66]

Stock surge, end of Wanda Group control edit

On January 26, 2021, AMC stated that it had raised $917 million in new funding, including $506 million in equity and new common shares, and commitments for $411 million in debt financing. The company stated that this new funding "should allow the company to make it through this dark coronavirus-impacted winter".[67][68] The next day, as part of a wider series of short squeezes coordinated by the Reddit community r/wallstreetbets (which primarily targeted video game retailer GameStop), AMC experienced a major, 300% surge in its share price to a peak of $20.36.[69][70] The surge triggered Silver Lake Partners' convertible bonds; on January 28, it reached an agreement to convert $600 million of its debt holdings in AMC to equity at $13.51 per-share.[71] Mudrick Capital Management made nearly $200 million in profit off its holdings of AMC debt.[72]

On February 5, 2021, a U.S.-based subsidiary of Wanda Group issued a filing with the SEC, stating that it had converted its Class B common stock to Class A shares to permit their sale. While Wanda remained AMC's largest single shareholder, the conversion, as well as AMC's financing efforts taking its stake below 37%, effectively surrendered its majority control since Class A stock only provides one vote per-share.[53][73] On May 21, 2021, Wanda filed a 0.002% stake with the SEC, largely confirming the end of their involvement in AMC.[74]

During its fourth-quarter earnings call in March 2021, the company reported that its revenue had fallen by 88% year-over-year. CEO Adam Aron stated that AMC was facing the "most challenging market conditions in the 100-year history of the company", but cited progress on COVID-19 vaccinations, decisions to allow cinemas in New York City and Los Angeles to re-open, and a "significant" number of upcoming blockbuster films as signs of optimism.[73] Aron also confirmed that Wanda no longer had majority control, and the company would now "be governed like most other publicly traded companies with a wide array of shareholders".[53][75]

In June 2021, retail investors once again poured into AMC stock, propelling shares to an all-time high of $77.26 in another alleged short squeeze.[76] Short sellers betting against AMC incurred losses of over $2.8B as a result.[77] AMC issued more shares during the surge, but warned potential investors against buying the shares "unless you are prepared to incur the risk of losing all or a substantial portion of your investment". The cinema chain operator said it believed current prices reflected "market and trading dynamics unrelated to our underlying business". In the year to date, shares in AMC had soared 2,421% – despite its cinemas being largely shut during the pandemic.[78]

In August 2021, the company revealed plans to begin accepting cryptocurrencies such as Bitcoin for purchases in the future,[79] which it did in November 2021 for online purchases via PayPal.[80][81] In April 2022, AMC added integration with BitPay as a payment provider to its mobile app.[82]

On August 4, 2022, AMC took Wall Street by surprise with the announcement of its "AMC Preferred Equity Units" after market close, a new preferred share class. The units were to be listed on the New York Stock Exchange under the symbol "APE," a nod to the individual investors who turned the company into a meme stock, who often refer to themselves as "apes". Over 516 million APE units were subsequently issued to AMC shareholders in a 1:1 special dividend, with the units wielding similar economic properties as common shares.[83] AMC stock gained 19% to $22.18 at the close on Friday after initially falling following the announcement of the new units on Thursday. The preferred shares started trading under the "APE" ticker on the New York Stock Exchange starting Aug. 22.[84] AMC CEO Adam Aron stated "We are making great strides on our path towards pandemic recovery".[citation needed]

In February 2023 AMC announced plans to test a dynamic pricing model for tickets for showings that occur after 4pm based on seat location. Seats located near the front of the theatre and select ADA seats will be priced less than other seats and will only be made available to members of the Stubs rewards program and seats in the middle of the theatre will be priced more than the other non-front row seats. In addition, AMC Stubs A-List members will be able to reserve the expensive middle seats at no additional charge.[85][86] In July 2023 AMC chose to abandon dynamic pricing after testing showed that customers were still not likely to choose front-row seats despite their lower prices, with most customers still sitting in the middle of the theatre or other non-front seats despite the upcharge. This made AMC believe that this made their prices less competitive as competitors did not also adapt dynamic pricing. The company also stated that it would test seats that recline further back in the front rows that would potentially allow better views.[87]

On July 31, the company reported their highest single-week admissions revenue in company history due to the Barbenheimer craze.[88] On September 6, AMC announced that it had planned to sell up 40 million shares.[89]

Features edit

 
A typical entrance to an IMAX digital theater, such as the AMC Theatres Barton Creek Square 14 in Austin, Texas

AMC patented cup holder armrests in 1981.[17] AMC also introduced stadium-style seating. The seats are placed on risers so that each person has an unobstructed view of the screen. In 1995, they introduced "Love Seat" style seating with retractable armrests so that there can be no barrier between two seats.[17] In July 1994, AMC signed an agreement with Sony to begin installing SDDS (Sony Dynamic Digital Sound) in auditoriums,[90] and began upgrading selected older auditoriums in 2003. On March 26, 2009, AMC announced an agreement to convert 1,500 existing auditoriums to fully digital 3D screens using RealD technology.[91][non-primary source needed]

On March 30, 2009, they announced they would convert all 4,500 screens in their chain to 4K digital projectors provided by Sony.[92] In April 2022, AMC also announced an agreement with Cinionic to install laser projectors at 3,500 of its screens in the United States through the end of 2026.[93]

Premium formats edit

Selected AMC locations offer premium screens and features for a higher ticket price, including premium large formats.

  • Dolby Cinema is a premium large format that features dual 4K laser projectors with Dolby Vision HDR, Dolby Atmos surround sound, and recliners with seat-mounted subwoofers. They also feature special entrance tunnels into the auditorium, with a video wall displaying content relating to the film being screened.[94][95] Some Dolby Cinema screens were converted from the Prime and ETX formats.[96]
  • IMAX auditoriums are available at many locations; IMAX digital or laser projectors are used in most locations, with a few using traditional 70 mm film projectors.[citation needed]
  • Prime at AMC auditoriums feature large screens with Dolby Atmos or DTS X), and recliners with seat-mounted subwoofers.[97][98] In 2015, AMC began to replace Prime with Dolby Cinema at some locations.[96]
  • BigD is a large-screen format inherited from the Carmike Cinemas chain, which uses a 70-foot screen and stadium seating with retractable armrests.[99][100]

Defunct premium format edit

  • ETX (Enhanced Theatre Experience) was a premium large format used in selected markets, which included larger screens, 12-channel surround sound, and digital projection (utilizing either Sony 4K projection or Christie DLP technology). Some auditoriums also included Dolby Atmos.[101][non-primary source needed] In 2015, AMC began to replace ETX with Dolby Cinema.[96]

Virtual reality edit

AMC Entertainment Holdings Inc. invested $20 million in virtual-reality arcades and productions: $10 million to virtual reality entertainment company Dreamscape Immersive and another $10 million in a content fund.[102]

Guest loyalty programs edit

AMC Theatres created the now-defunct MovieWatcher program[when?] that rewarded frequent movie-goers similar to other rewards programs but featured innovative aspects. It was based on a points-per-movie-ticket-purchased system, with rewards varying from concessions to movie passes based on point-based level. However, points were limited to a maximum of four points per three-hour time period, which was equal to two tickets.[103] For the AMC cinemas that were not part of the Loews Cineplex acquisition and therefore ticketed by MovieTickets.com, the website's surcharge was waived for MovieWatcher members.[citation needed]

On April 1, 2011, AMC started a new rewards program known as AMC Stubs,[104] which could be purchased for a fee of $12 for an entire year. For that initial fee, members would receive $5 on every $50 spent between the box office and the concession stand at any AMC theater nationwide. AMC Stubs members also received a free size upgrade with every popcorn and drink they purchase (for example, an AMC Stubs member can get a large popcorn for the price of a regular).

Other perks include birthday gifts and waived ticketing fees for online ticketing sites such as MovieTickets.com and Fandango and also online ticket purchases through AMC's own website and mobile app. Receipts or ticket stubs were required for manual adjustments. No more than four manual adjustments would be allowed per account in a single calendar month. Manual adjustments would be made for purchases made within 30 calendar days from date of original purchase.[105]

As of March 29, 2012, AMC Stubs had 3.2 million members, which represents approximately 18% of AMC attendance during fiscal 2012.[104] In July 2018, AMC Stubs was split into three programs that are currently still in-place: the free AMC Stubs Insider; the yearly fee-based AMC Stubs Premiere, which costs $15 annually and provides the same benefits as the original Stubs plus an expedited line at tickets and concessions; and the monthly fee-based AMC Stubs A-List, which includes up to 3 movie tickets a week to any film in any format for $19.95 to $23.95 a month, depending on the state the member plans to watch movies in.[106][107] Discount Tuesdays is another feature every Tuesday for members to purchase tickets typically for just $6 to any film in most locations, with occasional exclusions, plus surcharges for premium formats such as 3D, IMAX, and Dolby Cinema, as well as special events.

MacGuffins Bar and Lounge edit

Some AMC locations have a bar service under the MacGuffins brand. These are primarily offered at AMC and AMC Dine-in locations, but some AMC Classic locations with liquor licenses offer their alcoholic beverages under this brand. Drinks can be ordered to be consumed in the bar and lounge area or taken into the theater. Some AMC Dine-in theaters have their MacGuffins set up as a full-service restaurant that can be accessed without having to pay for a movie ticket.[108]

Vouchers edit

Several types of vouchers may be used at AMC Theatres.

  • Black And Yellow tickets
    • AMC sells Black and Yellow (formerly Red, Green, Gold, and Silver) tickets, typically priced from $8.50 to $10.25, that can be purchased in bulk at many retailers, like Costco and Sam's Club, as well as at AMC locations. Both can be redeemed towards any movie, but yellow tickets cannot be redeemed in the states of California, New York, and New Jersey.[109] Regardless of the ticket used, surcharges apply for special presentations and premium formats such as RealD 3D, Dolby Cinema, IMAX, among others.[110]
  • Gift cards
    • AMC offers gift cards, which are sold at AMC theaters and by some retailers. They can be used to buy goods or services (such as tickets and food) both online and at AMC theaters.[111]
  • Snack vouchers
    • AMC offers Show Snacks coupons. Some can be exchanged for a small popcorn, while others offer a small fountain drink. The chain also offers similar coupons via SMS or smartphone apps. Older coupons specially designed for the concession stand may be honored by AMC, at its discretion.

Banners edit

Following the acquisition of Carmike Cinemas, AMC began to unify its cinemas under one of three main banners in 2017:[112][113][114][115]

  • AMC serves as the flagship banner, covering conventional cinemas with premium features and formats available. Many of the former Loews Cineplex Entertainment theatres still use the Magic Johnson Theatres sub-brand as AMC Magic Johnson and, formerly until 2017, AMC Loews.
  • AMC Classic is used for smaller locations with fewer premium amenities. The brand is primarily used by the former Carmike locations, and use Carmike's "folded film" logo and "America's Hometown Cinemas" slogan. Since the Carmike purchase, some AMC Classic locations have undergone refurbishments to add expanded concessions options (including a larger menu, MacGuffins bars, and Coca-Cola Freestyle machines), upgraded AV equipment, and reclining seats, and switches from second-run to first-run films.[116][117]
  • AMC Dine-In is used for cinemas that offer expanded food service, including auditoriums with reserved seating and table service.[118] Very similar to Studio Movie Grill.

Other endeavors edit

AMC also formed a short-lived partnership with Planet Hollywood that failed due to that company's bankruptcy. The Planet Movies by AMC venture planned to open complexes worldwide with the objective of having icon locations in major metropolitan and other select areas, like Orlando and Columbus. Initially, seven existing, unnamed AMC megaplex theaters with more than 150 combined screens were to be re-branded under a license arrangement to incorporate certain elements of the new concept. The initial seven re-branded locations were to include markets such as Orlando, Florida. The AMC Pleasure Island 24 megaplex in Orlando, situated directly across from Planet Hollywood's most successful restaurant and retail unit and adjacent to Disney's Pleasure Island (now Disney Springs) was to be the first Planet Movies location.

After the initial seven, the joint-venture planned to own and operate all subsequent units including 8 to 10 complexes with 200 to 250 screens planned to open over the next 18 to 24 months. Over the longer term, the venture anticipated rolling out units at the rate of 5 to 10 per year. From almost the very start, the well-publicized financial strains on Planet Hollywood hindered the project. The only Planet Movies location to actually open, a 30 screen megaplex, did so in the summer of 1999 at Easton Town Center in Columbus, Ohio. The location was also located alongside an Official All Star Café and Planet Hollywood restaurant.

The continued poor financial performance of Planet Hollywood led the company to declare bankruptcy in December 1998, and even before the first location had opened stated that "the joint venture has no definitive plans to expand this concept once the Columbus site is completed". As Planet Hollywood was preparing to emerge from bankruptcy in October 1999 their re-organization plan emphasized focus back on their core restaurant business and away from side-ventures like Planet Movies and their Cool Planet ice cream chain. The Planet Hollywood restaurant and All Star Café in Columbus were closed in late 2000, and the film memorabilia were also removed from the theater as it was rebranded AMC Easton 30, and continues to operate. The Planet Movies by AMC joint venture was formally dissolved on January 9, 2001.

Both of the Disney Parks in the United States at one time included AMC movie theaters at their Downtown Disney sections: AMC Dine-In Disney Springs 24 all-stadium-seating megaplex with Dolby Cinema and Dine-In Theatres (opened in 1996) (formerly AMC Pleasure Island 24) at Walt Disney World Resort and AMC Downtown Disney 12 at Disneyland Resort stadium-seating multiplex (opened in 2001, closed in 2018). The AMC Citywalk Stadium 19 located on Universal Studios Hollywood's CityWalk was relaunched after a renovation as "Universal Cinema, an AMC Theatre", on April 21, 2017. This location includes a seven-story IMAX screen with IMAX Laser and IMAX 70mm film, as well as "Black Box"–inspired auditoriums. It has one Christie Laser Projector per auditorium, with Dolby Atmos speakers.[119] At Universal Studios Florida, AMC had the Universal Cineplex 20 (also a former Cineplex Odeon), until September 2018 when it became a Cinemark.[120][121][122]

AMC Independent (also known as AMCi) is an AMC film distribution program that aims to help independent films reach a theatrical audience. The program was announced in 2010 via the AMC Blog,[123] and has been responsible for promoting and distributing all independent films to AMC theaters since.[124][125][126]

In July 2021, AMC Theatres partnered with American artist Chance the Rapper and his content production company House of Kicks in a trailblazing international distribution agreement to bring his concert film Magnificent Coloring World to cinemas internationally, marking the first time an individual recording artist distributed a film through AMC.[127] This deal was revisited in 2023 when AMC partnered with Taylor Swift and Beyoncé to release their respective concert films Taylor Swift: The Eras Tour and Renaissance: A Film by Beyoncé. In all three cases, AMC acted as both the distributor and exhibitor of the films, bypassing the involvement of major film studios.[128][129]

In January 2022, AMC Theatres started selling popcorn via food delivery, before entering supermarkets, in order to compensate for the COVID-19 pandemic-induced downturn in movie theaters.[130][131]

In March 2022, AMC Theatres acquired a 22% share in Hycroft Mining, a gold and silver mining company in Nevada, which had also been experiencing a major liquidity crisis in the prior year.[131]

Acquisitions edit

 
The Loews Alderwood 16 in Lynnwood, Washington had opened in March 2005 before the merger with AMC.

AMC has acquired multiple other theater chains throughout its history, resulting in a total of 385 theaters with 5,128 screens in six countries:

In March 2002, AMC bought General Cinema Corporation, which added 66 theaters with 621 screens to the company assets,[132] as well as Gulf States Theaters, which had five theaters with 68 screens in the greater New Orleans area.[133] In late 2003, AMC acquired MegaStar Theatres, adding additional theaters in the Atlanta and Minneapolis–St. Paul markets.[134]

On January 26, 2006, AMC merged with Loews Cineplex Entertainment to form AMC Entertainment;[135] the deal brought into AMC's fold the entire Loews and American Cineplex chains, along with Magic Johnson Theatres (named after NBA player Magic Johnson) and Star Theatres, based in Metro Detroit. In 2010, AMC acquired Chicago-based Kerasotes Showplace Theatres, LLC for $275 million, combining the nation's second and sixth largest movie theater chains, except for the Showplace 14 in New Jersey and the Showplace ICON theatres.[136][137][138][139][140][141]

In December 2015, Starplex Cinemas was sold to AMC for approximately $175 million.[142] Most of these theaters now operate as AMC Classic as of July 2017.

On March 3, 2016, AMC announced its intent to acquire Carmike Cinemas in a $1.1 billion deal, pending regulatory and shareholder approval, which would allow it to overtake Regal as the United States' largest movie theater chain.[143] The merger officially closed in December 2016.[144]

In July 2016, UCI & Odeon Cinema Group was sold to AMC for approximately $1.21 billion, subject to European Commission approval.[145] The acquisition was approved by the European Commission and the deal closed in November 2016.[146][147]

In January 2017, Nordic Cinema Group, the leading movie theater operator in the Nordic and Baltic area, was sold to AMC for approximately $929 million.[148][149] The deal was completed in March 2017 after AMC received clearance from the European Commission.[150]

In July 2021, AMC Theatres announced that it would acquire the leases to the Americana at Brand in downtown Glendale and The Grove at Farmers Market in Los Angeles locations, formerly owned by Pacific Theatres, and that they would reopen in August as part of the AMC chain. The company has not ruled out acquiring the leases of other Pacific Theatres locations.[151] In December 2021, AMC Theaters also announced that they had acquired the leases to the former Pacific Theaters location at Northridge Fashion Center in Northridge, Los Angeles and the Arclight Chicago 14 in Lincoln Park, Chicago, which both opened in 2022.[152] In February 2022, AMC Theaters reached a deal to acquire the leases to the Arclight Montgomery 16 at Westfield Montgomery in Washington D.C. and the Westfield UTC mall's Arclight UTC 14 in La Jolla, with the former reopening that month and the latter in March of that year.[153] During the same month, the company reached an agreement to acquire the lease to the Century 12 Evanston, previously owned by Cinemark Theatres, in Evanston, Illinois.[154] In December 2022, the company reached a deal on the acquisition of the former Arclight Cinemas located at The Hub on Causeway in Boston.[155]

In April 2022, AMC Theaters acquired seven Bow Tie Cinemas locations in Connecticut, New York, and Maryland.[156]

Controversies edit

The early versions of stadium-style seating as built by AMC in 1995 had auditoriums configured with an entrance to a flat area immediately in front of the screen for wheelchair users. People seated there had to either lean back or look up at an uncomfortable angle to see the screen. Able-bodied guests had to ascend the stairs to sit in the middle of the risers in order to have a comfortable line-of-sight with the screen. Since some wheelchair users have limited neck movement range, this configuration made AMC a popular target for Americans with Disabilities Act (ADA) lawsuits.[157] AMC subsequently solved the problem in newer theaters by building full-stadium auditoriums where the main entrance is through a ramp that emerges onto a platform in the middle of the risers so that wheelchair users can enjoy optimal line-of-sight. However, the U.S. Department of Justice sued the company, and obtained an order requiring AMC to retrofit over 1,990 screens in 95 multiplexes and megaplexes across the United States.

The company successfully appealed the order to the U.S. Court of Appeals for the Ninth Circuit, which ruled on December 5, 2008[158] that the order was excessive and violated AMC's due process rights under the Constitution of the United States.[157] AMC won by pointing out that the United States Access Board had not yet amended its guidelines for movie theaters to specifically require them to provide wheelchair guests sightlines that were as good as those from elevated risers, versus merely providing an unobstructed view of the screen. Therefore, the court ruled that it was unfair to AMC to retroactively hold it to a standard that did not exist at the time it began building stadium-style theaters.

When AMC announced that most of their theaters would reopen in mid-July 2020 during the COVID-19 pandemic, the initial announcement said masks would be recommended but not mandatory. AMC CEO Adam Aron stated, "We are strongly encouraging our guests to wear masks all across the country, but not requiring it" and "We did not want to be drawn into a political controversy... We thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessary."[159] After massive pushback from the public, Aron changed the policy to require masks: "This announcement prompted an intense and immediate outcry from our customers, and it is clear from this response that we did not go far enough on the usage of masks," Aron said.[160]

Gallery edit

See also edit

References edit

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January 01, 1970
theatres, this, article, about, american, movie, theater, chain, cable, television, channel, operator, same, name, networks, other, uses, disambiguation, entertainment, holdings, doing, business, originally, abbreviation, american, multi, cinema, often, referr. This article is about the American movie theater chain For the cable television channel operator of the same name see AMC Networks For other uses see AMC disambiguation AMC Entertainment Holdings Inc doing business as AMC Theatres originally an abbreviation for American Multi Cinema often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi Cinemas is an American movie theater chain founded in Kansas City Missouri and now headquartered in Leawood Kansas It is the largest movie theater chain in the world Founded in 1920 AMC has the largest share of the U S theater market ahead of Regal and Cinemark Theatres AMC Entertainment Holdings Inc Logo since 1994AMC Entertainment Holdings Inc previous headquarters in Kansas City MissouriTrade nameAMC TheatresFormerlyDubinsky Bros 1920 31 1932 39 Publix Dubinsky Bros 1931 32 Durwood Dubinsky Bros 1939 47 Durwood Theatres 1947 68 American Royal Cinemas 1968 69 American Multi Cinema 1969 80 Company typePublicTraded asNYSE AMC Class A Russell 1000 componentIndustryEntertainmentPredecessorsGeneral Cinema CorporationLoews Cineplex EntertainmentCarmike CinemasFounded1920 104 years ago 1920 in Kansas City Missouri U S FoundersEdward DurwoodMaurice DubinskyBarney DubinskyHeadquartersLeawood Kansas U S Number of locations898 theaters and 10 059 screensKey peopleAdam Aron President CEO and Chairman RevenueUS 4 81 billion 2023 Operating incomeUS 0 07 billion 2023 Net incomeUS 0 39 billion 2023 Total assetsUS 9 00 billion 2023 Total equityUS 1 84 billion 2023 OwnerAdam Aron 0 23 1 Number of employees33 812 December 2023 DivisionsOdeon Cinemas GroupSubsidiariesAMC Entertainment Inc AMC LoewsFork amp Screen Dine In TheatresThe Cafe at AMCAMC Cinema SuitesAMC Red KitchenScreenvision 20 Odeon CinemasUCI Cinemas except in Brazil Starplex Cinemas Eastwynn Theatres Inc George G Kerasotes CorporationGKC Indiana Theatres Inc Michigan Theatres Inc GKC Theatres Inc Military Services Inc Nordic Cinema GroupWebsiteamctheatres wbr comFootnotes references 2 3 After acquiring Odeon Cinemas UCI Cinemas and Carmike Cinemas in 2016 it became the largest movie theater chain in the world 4 It has 2 807 screens in 353 European theatres and 7 755 screens in 593 American theatres 3 5 The company is listed on the New York Stock Exchange from 2012 to 2018 the Chinese conglomerate Wanda Group owned a majority stake in the company Private equity firm Silver Lake Partners made a 600 million investment in AMC in September 2018 but the voting power of AMC shares was structured so that Wanda Group still controlled the majority of AMC s board of directors Amid financial downturns caused by the COVID 19 lockdowns in January 2021 Wanda s ownership was increasingly diluted due to new financing by AMC as well as short squeezes that resulted in Silver Lake converting its 600 million debt holding to equity In early February 2021 Wanda converted its Class B shares to Class A shares thus reducing its voting power to less than 50 Contents 1 History 1 1 Growth 1 2 Acquisition by Wanda Group 2012 2021 1 3 Impact of the COVID 19 pandemic 1 3 1 Stock surge end of Wanda Group control 2 Features 2 1 Premium formats 2 1 1 Defunct premium format 2 2 Virtual reality 2 3 Guest loyalty programs 2 4 MacGuffins Bar and Lounge 2 5 Vouchers 3 Banners 4 Other endeavors 5 Acquisitions 6 Controversies 7 Gallery 8 See also 9 References 10 External linksHistory edit source source source source source source source source Feature Presentation snippet from 1980 AMC Theatres was founded in 1920 by Maurice William Irvin Edward and Barney Dubinsky who had been traveling the Midwest performing melodramas and tent shows with actress Jeanne Eagels They purchased the Regent Theatre on 12th Street between Walnut and Grand in downtown Kansas City Missouri 6 Maurice the oldest brother died in 1929 and Barney left the company in 1936 after being injured in an auto accident 7 Edward the youngest brother eventually changed his last name to Durwood and the company they formed eventually became known as Durwood Theatres after a legal fight with his brothers 7 The chain also had theaters in St Joseph and Jefferson City Missouri and Leavenworth and Topeka Kansas 8 When Edward s son Stanley left the U S Air Force after World War II he joined the company in 1945 He persuaded his father to build drive in theaters in St Joseph Jefferson City and Leavenworth In 1947 they expanded further with the acquisition of the Liberty Theater in downtown Kansas City which they remodeled and renamed the Roxy 9 They won an antitrust suit to enable them to show first run product at the Roxy and went on to acquire all of the downtown cinemas in Kansas City including The Empire Theater the Capri Theatre the Midland Theatre and the Paramount Theatre 8 In 1961 after Ed died Stanley took control of Durwood Theatres a small ten theatre chain With an interstate planned around Kansas City Durwood looked to sites outside downtown and acquired two sites at a shopping center on Kansas City s Ward Parkway to build a 700 seat theater As the sites could not be combined they opened two theaters side by side as the Parkway Twin Theatre in 1963 8 This was the company s first foray into using the multiplex model According to Variety Stanley Durwood later claimed in 1962 that he was standing in the lobby of his 600 seat Roxy in Kansas City mulling over its poor grosses when he realized he could double his box office by adding a second screen and still operate with the same size staff 10 Following the success of the Parkway Twin AMC followed up with the Embassy 3 triplex at the Country Club Plaza the Metro Plaza a four screen theater in Kansas City in 1966 and a six screen theater in Omaha in 1969 11 12 8 The industry quickly embraced the multiplex concept where additional screens meant very little difference in staff and operating costs but resulted in a significant profit increase The concept also provided more film choices at one location drawing bigger crowds It also gave owners the flexibility to show big hits on more screens and less reliance on any individual film that could turn out to be a bust 13 Stanley renamed Durwood Theatres as American Royal Cinema on October 1 1968 after the American Royal livestock and horse show but the latter s producers sought an injunction and the name was changed to American Multi Cinema Inc 14 8 Stanley began to apply military management and the insights of management science to revolutionize the movie theatre industry 15 As he later explained to Variety magazine We needed to define what our company was doing in the exhibition business My dad wasn t that organized 16 It was structured under the belief that every customer was a guest Growth edit nbsp The AMC Empire 25 theatre in Times Square New York City By the 1980s the company was experiencing strong growth in 1983 it had its initial public offering 17 AMC Theatres built its first multiplex overseas in 1985 the 10 screen multiplex at The Point Milton Keynes in the United Kingdom 17 and later opened additional sites in the UK such as in Dudley and Tamworth Staffordshire In October 1988 they announced a joint venture with United Artists Theaters and Cinema International Corporation a partnership of Paramount Pictures and Universal Studios to run their combined cinemas in the UK Ireland under the AMC name however AMC pulled out of the joint venture in December 1988 and sold their U K assets including their 12 cinemas to the new entity later called United Cinemas International for 98 million and withdrew from the UK market 18 19 20 In 1988 Kinepolis Brussels the first megaplex in the world with 25 screens and 7 600 seats was opened by Kinepolis the European chain 21 22 23 24 In 1995 AMC Theatres opened the first North American megaplex the AMC Grand 24 in Dallas Texas a theater complex that could accommodate thousands 25 AMC continued to open other megaplex theaters such as the AMC Hampton Towne Center 24 in Hampton Virginia and the chain s busiest theater in the US the AMC Empire 25 in New York City near Times Square On December 13 1996 AMC opened the Ontario Mills 30 a 30 screen theater in Ontario California which at the time was the largest multiplex in the world 26 17 AMC Theatres megaplex theatres were a success overseas as well In April 1996 they opened Canal City 13 in Fukuoka Japan which was followed on December 20 1996 by the AMC Arrabida 20 in Porto Portugal 20 In January 2002 the 16 screen Great Northern theatre was opened in Manchester in the U K which was later supplemented by the opening of a 12 screen cinema on the Broadway Plaza site in Birmingham in October 2003 AMC Theatres sometimes serve a dual function in addition to the regular cinema functions they also cater to companies business conferences that can make use of their projectors for displaying presentations 27 In 2004 AMC Theatres was acquired by Marquee Holdings Inc an investment vehicle controlled by affiliates of J P Morgan Partners LLC the private equity arm of JPMorgan Chase and Apollo Global Management a private investment firm 28 At the time AMC was publicly traded on AMEX under the code AEN 29 In 2006 the company announced a new initial public offering IPO expected to be worth approximately 789 million 30 however adverse market conditions convinced the company s management to withdraw from such an offering on May 3 2007 31 The company filed for a 450 million IPO in its third such filing since 2006 on July 14 2010 32 33 Stanley Durwood died in 1999 and his successor was Peter Brown the first non Dubinsky Durwood family member to head the company 10 Gerardo I Lopez succeeded Brown as president and CEO of AMC Theatres on March 2 2009 34 Previously Lopez was the Executive Vice President of President Consumer Products Group Seattle s Best Coffee and Foodservice at Starbucks 35 Under new leadership one of the first major announcements came in March of the same year the company announced that it would equip 1 500 of its screens with Real D projectors 36 In the same month AMC Theatres announced it had closed on a 315 million deal with Sony to replace all of its reel projectors with digital cinema projectors starting in the second quarter of 2009 and completing in 2012 37 The company was formerly headquartered in downtown Kansas City In September 2011 AMC Theatres announced plans to move its headquarters to a new 30 million four story building designed by 360 Architecture in the Park Place development at 117th Street and Nall Avenue in Leawood Kansas in suburban Kansas City Kansas had offered 47 million in incentives to get the 400 jobs to move 38 After reaching a settlement with the state of Illinois regarding complaints from a disability rights organization in April 2012 AMC pledged to equip all of its theaters in the state with captioning and description services by 2014 The disability rights group had accused the company of only providing closed captioning or audio description systems at some of its locations in the state 39 Acquisition by Wanda Group 2012 2021 edit In May 2012 AMC Theatres was acquired by Chinese conglomerate Wanda Group headquartered in Dalian who paid 2 6 billion to acquire AMC s 5 048 screens in 347 theaters in the U S and Canada 40 The deal was finalized on September 4 2012 41 The acquisition made Wanda the world s largest cinema chain 42 Wang Jianlin CEO of Dalian Wanda Group announced that the company would plan to spend 500 million renovating AMC locations 41 AMC Theatres had eight movie theatres in Canada In July 2012 four locations were sold to Cineplex Entertainment and two more locations were sold to Empire Theatres and later acquired by Landmark Cinemas The two remaining locations have since closed 43 nbsp AMC Lakeline 9 in Austin Texas Gerardo I Lopez announced his resignation as CEO of AMC in August 2015 Craig Ramsey was appointed as the interim CEO by the company board 44 In December 2015 AMC announced that Adam Aron would be the company s president and chief executive officer as well as a member of the company s board of directors beginning on January 4 2016 45 In March 2016 AMC Theatres announced it would acquire competitor Carmike Cinemas 46 In July 2016 Carmike s management accepted a revised offer pending regulatory and shareholder approval 47 The deal was closed on December 25 2016 making AMC the largest cinema chain in the United States 48 On March 1 2017 AMC Theatres CEO Adam Aron stated that the company would rebrand Carmike Cinemas locations under the AMC name smaller locations were rebranded under the new banner AMC Classic which repurposes trademarks associated with Carmike Aron also announced a plan to rebrand its kitchen equipped theaters as AMC Dine In 49 50 In July 2017 AMC Theatres announced they would cut 30 million in expenses by the end of the year This cost reduction would be accomplished by reducing operating hours cutting staffing levels and other measures 51 In September 2018 Silver Lake Partners made a 600 million investment in AMC Theatres whose proceeds were used to repurchase approximately 32 of Wanda Group s class B common stock 52 However the voting power of AMC s shares is structured in such a way granting three votes per share for each Class B share if its stake in the company is above 30 53 that even after reducing its ownership of AMC common stock to just under 50 by the end of 2019 Wanda Group continued to retain majority control over AMC s board of directors 54 In October 2019 AMC began to offer on demand rentals and purchases of digital film releases under the banner AMC Theatres On Demand The service is tied to the company s Stubs loyalty program 55 56 57 Impact of the COVID 19 pandemic edit On March 18 2020 AMC announced the closure of all of its theaters due to the COVID 19 pandemic in compliance with CDC guidance against any gathering of over ten people AMC said this shutdown would last for at least six to twelve weeks 58 On March 25 2020 AMC furloughed all of its 600 corporate employees including CEO Adam Aron All furloughed corporate AMC employees and associates retain active employment status including all health benefits 59 On April 28 2020 AMC announced they would no longer carry films from Universal Pictures after NBCUniversal CEO Jeff Shell commented in The Wall Street Journal that the studio wanted to release films via premium video on demand simultaneously with theatrical releases The company threatened that this will also be done with any other studio who unilaterally abandons current windowing practices absent good faith negotiations between us so that they as distributor and we as exhibitor both benefit and neither are hurt from such changes 60 On June 3 2020 AMC stated that it had substantial doubt that it would remain in business 61 On July 28 2020 AMC and Universal were able to resolve their dispute with AMC agreeing to a shorter theatrical window of 17 days before Universal could release their films via premium VOD as well as revenue sharing on the premium VOD window 62 On August 20 2020 AMC began the process of reopening selected locations in the United States where allowed under local health orders In honor of the company s centennial year AMC also offered a special 15 cent ticket promotion that day promoted as Movies in 2020 at 1920 Prices The company aimed for at least two thirds of its locations to be open in time for the September 3 release of Tenet 63 The company upgraded its air filtration systems to four times the rates before the pandemic and installed electrostatic sprayers in the auditoriums 64 65 In October 2020 the company reported that its existing cash resources would be largely depleted by the end of 2020 or early 2021 66 Stock surge end of Wanda Group control edit On January 26 2021 AMC stated that it had raised 917 million in new funding including 506 million in equity and new common shares and commitments for 411 million in debt financing The company stated that this new funding should allow the company to make it through this dark coronavirus impacted winter 67 68 The next day as part of a wider series of short squeezes coordinated by the Reddit community r wallstreetbets which primarily targeted video game retailer GameStop AMC experienced a major 300 surge in its share price to a peak of 20 36 69 70 The surge triggered Silver Lake Partners convertible bonds on January 28 it reached an agreement to convert 600 million of its debt holdings in AMC to equity at 13 51 per share 71 Mudrick Capital Management made nearly 200 million in profit off its holdings of AMC debt 72 On February 5 2021 a U S based subsidiary of Wanda Group issued a filing with the SEC stating that it had converted its Class B common stock to Class A shares to permit their sale While Wanda remained AMC s largest single shareholder the conversion as well as AMC s financing efforts taking its stake below 37 effectively surrendered its majority control since Class A stock only provides one vote per share 53 73 On May 21 2021 Wanda filed a 0 002 stake with the SEC largely confirming the end of their involvement in AMC 74 During its fourth quarter earnings call in March 2021 the company reported that its revenue had fallen by 88 year over year CEO Adam Aron stated that AMC was facing the most challenging market conditions in the 100 year history of the company but cited progress on COVID 19 vaccinations decisions to allow cinemas in New York City and Los Angeles to re open and a significant number of upcoming blockbuster films as signs of optimism 73 Aron also confirmed that Wanda no longer had majority control and the company would now be governed like most other publicly traded companies with a wide array of shareholders 53 75 In June 2021 retail investors once again poured into AMC stock propelling shares to an all time high of 77 26 in another alleged short squeeze 76 Short sellers betting against AMC incurred losses of over 2 8B as a result 77 AMC issued more shares during the surge but warned potential investors against buying the shares unless you are prepared to incur the risk of losing all or a substantial portion of your investment The cinema chain operator said it believed current prices reflected market and trading dynamics unrelated to our underlying business In the year to date shares in AMC had soared 2 421 despite its cinemas being largely shut during the pandemic 78 In August 2021 the company revealed plans to begin accepting cryptocurrencies such as Bitcoin for purchases in the future 79 which it did in November 2021 for online purchases via PayPal 80 81 In April 2022 AMC added integration with BitPay as a payment provider to its mobile app 82 On August 4 2022 AMC took Wall Street by surprise with the announcement of its AMC Preferred Equity Units after market close a new preferred share class The units were to be listed on the New York Stock Exchange under the symbol APE a nod to the individual investors who turned the company into a meme stock who often refer to themselves as apes Over 516 million APE units were subsequently issued to AMC shareholders in a 1 1 special dividend with the units wielding similar economic properties as common shares 83 AMC stock gained 19 to 22 18 at the close on Friday after initially falling following the announcement of the new units on Thursday The preferred shares started trading under the APE ticker on the New York Stock Exchange starting Aug 22 84 AMC CEO Adam Aron stated We are making great strides on our path towards pandemic recovery citation needed In February 2023 AMC announced plans to test a dynamic pricing model for tickets for showings that occur after 4pm based on seat location Seats located near the front of the theatre and select ADA seats will be priced less than other seats and will only be made available to members of the Stubs rewards program and seats in the middle of the theatre will be priced more than the other non front row seats In addition AMC Stubs A List members will be able to reserve the expensive middle seats at no additional charge 85 86 In July 2023 AMC chose to abandon dynamic pricing after testing showed that customers were still not likely to choose front row seats despite their lower prices with most customers still sitting in the middle of the theatre or other non front seats despite the upcharge This made AMC believe that this made their prices less competitive as competitors did not also adapt dynamic pricing The company also stated that it would test seats that recline further back in the front rows that would potentially allow better views 87 On July 31 the company reported their highest single week admissions revenue in company history due to the Barbenheimer craze 88 On September 6 AMC announced that it had planned to sell up 40 million shares 89 Features edit nbsp A typical entrance to an IMAX digital theater such as the AMC Theatres Barton Creek Square 14 in Austin Texas AMC patented cup holder armrests in 1981 17 AMC also introduced stadium style seating The seats are placed on risers so that each person has an unobstructed view of the screen In 1995 they introduced Love Seat style seating with retractable armrests so that there can be no barrier between two seats 17 In July 1994 AMC signed an agreement with Sony to begin installing SDDS Sony Dynamic Digital Sound in auditoriums 90 and began upgrading selected older auditoriums in 2003 On March 26 2009 AMC announced an agreement to convert 1 500 existing auditoriums to fully digital 3D screens using RealD technology 91 non primary source needed On March 30 2009 they announced they would convert all 4 500 screens in their chain to 4K digital projectors provided by Sony 92 In April 2022 AMC also announced an agreement with Cinionic to install laser projectors at 3 500 of its screens in the United States through the end of 2026 93 Premium formats edit Selected AMC locations offer premium screens and features for a higher ticket price including premium large formats Dolby Cinema is a premium large format that features dual 4K laser projectors with Dolby Vision HDR Dolby Atmos surround sound and recliners with seat mounted subwoofers They also feature special entrance tunnels into the auditorium with a video wall displaying content relating to the film being screened 94 95 Some Dolby Cinema screens were converted from the Prime and ETX formats 96 IMAX auditoriums are available at many locations IMAX digital or laser projectors are used in most locations with a few using traditional 70 mm film projectors citation needed Prime at AMC auditoriums feature large screens with Dolby Atmos or DTS X and recliners with seat mounted subwoofers 97 98 In 2015 AMC began to replace Prime with Dolby Cinema at some locations 96 BigD is a large screen format inherited from the Carmike Cinemas chain which uses a 70 foot screen and stadium seating with retractable armrests 99 100 Defunct premium format edit ETX Enhanced Theatre Experience was a premium large format used in selected markets which included larger screens 12 channel surround sound and digital projection utilizing either Sony 4K projection or Christie DLP technology Some auditoriums also included Dolby Atmos 101 non primary source needed In 2015 AMC began to replace ETX with Dolby Cinema 96 Virtual reality edit AMC Entertainment Holdings Inc invested 20 million in virtual reality arcades and productions 10 million to virtual reality entertainment company Dreamscape Immersive and another 10 million in a content fund 102 Guest loyalty programs edit AMC Theatres created the now defunct MovieWatcher program when that rewarded frequent movie goers similar to other rewards programs but featured innovative aspects It was based on a points per movie ticket purchased system with rewards varying from concessions to movie passes based on point based level However points were limited to a maximum of four points per three hour time period which was equal to two tickets 103 For the AMC cinemas that were not part of the Loews Cineplex acquisition and therefore ticketed by MovieTickets com the website s surcharge was waived for MovieWatcher members citation needed On April 1 2011 AMC started a new rewards program known as AMC Stubs 104 which could be purchased for a fee of 12 for an entire year For that initial fee members would receive 5 on every 50 spent between the box office and the concession stand at any AMC theater nationwide AMC Stubs members also received a free size upgrade with every popcorn and drink they purchase for example an AMC Stubs member can get a large popcorn for the price of a regular Other perks include birthday gifts and waived ticketing fees for online ticketing sites such as MovieTickets com and Fandango and also online ticket purchases through AMC s own website and mobile app Receipts or ticket stubs were required for manual adjustments No more than four manual adjustments would be allowed per account in a single calendar month Manual adjustments would be made for purchases made within 30 calendar days from date of original purchase 105 As of March 29 2012 AMC Stubs had 3 2 million members which represents approximately 18 of AMC attendance during fiscal 2012 104 In July 2018 AMC Stubs was split into three programs that are currently still in place the free AMC Stubs Insider the yearly fee based AMC Stubs Premiere which costs 15 annually and provides the same benefits as the original Stubs plus an expedited line at tickets and concessions and the monthly fee based AMC Stubs A List which includes up to 3 movie tickets a week to any film in any format for 19 95 to 23 95 a month depending on the state the member plans to watch movies in 106 107 Discount Tuesdays is another feature every Tuesday for members to purchase tickets typically for just 6 to any film in most locations with occasional exclusions plus surcharges for premium formats such as 3D IMAX and Dolby Cinema as well as special events MacGuffins Bar and Lounge edit Some AMC locations have a bar service under the MacGuffins brand These are primarily offered at AMC and AMC Dine in locations but some AMC Classic locations with liquor licenses offer their alcoholic beverages under this brand Drinks can be ordered to be consumed in the bar and lounge area or taken into the theater Some AMC Dine in theaters have their MacGuffins set up as a full service restaurant that can be accessed without having to pay for a movie ticket 108 Vouchers edit Several types of vouchers may be used at AMC Theatres Black And Yellow tickets AMC sells Black and Yellow formerly Red Green Gold and Silver tickets typically priced from 8 50 to 10 25 that can be purchased in bulk at many retailers like Costco and Sam s Club as well as at AMC locations Both can be redeemed towards any movie but yellow tickets cannot be redeemed in the states of California New York and New Jersey 109 Regardless of the ticket used surcharges apply for special presentations and premium formats such as RealD 3D Dolby Cinema IMAX among others 110 Gift cards AMC offers gift cards which are sold at AMC theaters and by some retailers They can be used to buy goods or services such as tickets and food both online and at AMC theaters 111 Snack vouchers AMC offers Show Snacks coupons Some can be exchanged for a small popcorn while others offer a small fountain drink The chain also offers similar coupons via SMS or smartphone apps Older coupons specially designed for the concession stand may be honored by AMC at its discretion Banners editFollowing the acquisition of Carmike Cinemas AMC began to unify its cinemas under one of three main banners in 2017 112 113 114 115 AMC serves as the flagship banner covering conventional cinemas with premium features and formats available Many of the former Loews Cineplex Entertainment theatres still use the Magic Johnson Theatres sub brand as AMC Magic Johnson and formerly until 2017 AMC Loews AMC Classic is used for smaller locations with fewer premium amenities The brand is primarily used by the former Carmike locations and use Carmike s folded film logo and America s Hometown Cinemas slogan Since the Carmike purchase some AMC Classic locations have undergone refurbishments to add expanded concessions options including a larger menu MacGuffins bars and Coca Cola Freestyle machines upgraded AV equipment and reclining seats and switches from second run to first run films 116 117 AMC Dine In is used for cinemas that offer expanded food service including auditoriums with reserved seating and table service 118 Very similar to Studio Movie Grill Other endeavors editAMC also formed a short lived partnership with Planet Hollywood that failed due to that company s bankruptcy The Planet Movies by AMC venture planned to open complexes worldwide with the objective of having icon locations in major metropolitan and other select areas like Orlando and Columbus Initially seven existing unnamed AMC megaplex theaters with more than 150 combined screens were to be re branded under a license arrangement to incorporate certain elements of the new concept The initial seven re branded locations were to include markets such as Orlando Florida The AMC Pleasure Island 24 megaplex in Orlando situated directly across from Planet Hollywood s most successful restaurant and retail unit and adjacent to Disney s Pleasure Island now Disney Springs was to be the first Planet Movies location After the initial seven the joint venture planned to own and operate all subsequent units including 8 to 10 complexes with 200 to 250 screens planned to open over the next 18 to 24 months Over the longer term the venture anticipated rolling out units at the rate of 5 to 10 per year From almost the very start the well publicized financial strains on Planet Hollywood hindered the project The only Planet Movies location to actually open a 30 screen megaplex did so in the summer of 1999 at Easton Town Center in Columbus Ohio The location was also located alongside an Official All Star Cafe and Planet Hollywood restaurant The continued poor financial performance of Planet Hollywood led the company to declare bankruptcy in December 1998 and even before the first location had opened stated that the joint venture has no definitive plans to expand this concept once the Columbus site is completed As Planet Hollywood was preparing to emerge from bankruptcy in October 1999 their re organization plan emphasized focus back on their core restaurant business and away from side ventures like Planet Movies and their Cool Planet ice cream chain The Planet Hollywood restaurant and All Star Cafe in Columbus were closed in late 2000 and the film memorabilia were also removed from the theater as it was rebranded AMC Easton 30 and continues to operate The Planet Movies by AMC joint venture was formally dissolved on January 9 2001 Both of the Disney Parks in the United States at one time included AMC movie theaters at their Downtown Disney sections AMC Dine In Disney Springs 24 all stadium seating megaplex with Dolby Cinema and Dine In Theatres opened in 1996 formerly AMC Pleasure Island 24 at Walt Disney World Resort and AMC Downtown Disney 12 at Disneyland Resort stadium seating multiplex opened in 2001 closed in 2018 The AMC Citywalk Stadium 19 located on Universal Studios Hollywood s CityWalk was relaunched after a renovation as Universal Cinema an AMC Theatre on April 21 2017 This location includes a seven story IMAX screen with IMAX Laser and IMAX 70mm film as well as Black Box inspired auditoriums It has one Christie Laser Projector per auditorium with Dolby Atmos speakers 119 At Universal Studios Florida AMC had the Universal Cineplex 20 also a former Cineplex Odeon until September 2018 when it became a Cinemark 120 121 122 AMC Independent also known as AMCi is an AMC film distribution program that aims to help independent films reach a theatrical audience The program was announced in 2010 via the AMC Blog 123 and has been responsible for promoting and distributing all independent films to AMC theaters since 124 125 126 In July 2021 AMC Theatres partnered with American artist Chance the Rapper and his content production company House of Kicks in a trailblazing international distribution agreement to bring his concert film Magnificent Coloring World to cinemas internationally marking the first time an individual recording artist distributed a film through AMC 127 This deal was revisited in 2023 when AMC partnered with Taylor Swift and Beyonce to release their respective concert films Taylor Swift The Eras Tour and Renaissance A Film by Beyonce In all three cases AMC acted as both the distributor and exhibitor of the films bypassing the involvement of major film studios 128 129 In January 2022 AMC Theatres started selling popcorn via food delivery before entering supermarkets in order to compensate for the COVID 19 pandemic induced downturn in movie theaters 130 131 In March 2022 AMC Theatres acquired a 22 share in Hycroft Mining a gold and silver mining company in Nevada which had also been experiencing a major liquidity crisis in the prior year 131 Acquisitions edit nbsp The Loews Alderwood 16 in Lynnwood Washington had opened in March 2005 before the merger with AMC AMC has acquired multiple other theater chains throughout its history resulting in a total of 385 theaters with 5 128 screens in six countries In March 2002 AMC bought General Cinema Corporation which added 66 theaters with 621 screens to the company assets 132 as well as Gulf States Theaters which had five theaters with 68 screens in the greater New Orleans area 133 In late 2003 AMC acquired MegaStar Theatres adding additional theaters in the Atlanta and Minneapolis St Paul markets 134 On January 26 2006 AMC merged with Loews Cineplex Entertainment to form AMC Entertainment 135 the deal brought into AMC s fold the entire Loews and American Cineplex chains along with Magic Johnson Theatres named after NBA player Magic Johnson and Star Theatres based in Metro Detroit In 2010 AMC acquired Chicago based Kerasotes Showplace Theatres LLC for 275 million combining the nation s second and sixth largest movie theater chains except for the Showplace 14 in New Jersey and the Showplace ICON theatres 136 137 138 139 140 141 In December 2015 Starplex Cinemas was sold to AMC for approximately 175 million 142 Most of these theaters now operate as AMC Classic as of July 2017 On March 3 2016 AMC announced its intent to acquire Carmike Cinemas in a 1 1 billion deal pending regulatory and shareholder approval which would allow it to overtake Regal as the United States largest movie theater chain 143 The merger officially closed in December 2016 144 In July 2016 UCI amp Odeon Cinema Group was sold to AMC for approximately 1 21 billion subject to European Commission approval 145 The acquisition was approved by the European Commission and the deal closed in November 2016 146 147 In January 2017 Nordic Cinema Group the leading movie theater operator in the Nordic and Baltic area was sold to AMC for approximately 929 million 148 149 The deal was completed in March 2017 after AMC received clearance from the European Commission 150 In July 2021 AMC Theatres announced that it would acquire the leases to the Americana at Brand in downtown Glendale and The Grove at Farmers Market in Los Angeles locations formerly owned by Pacific Theatres and that they would reopen in August as part of the AMC chain The company has not ruled out acquiring the leases of other Pacific Theatres locations 151 In December 2021 AMC Theaters also announced that they had acquired the leases to the former Pacific Theaters location at Northridge Fashion Center in Northridge Los Angeles and the Arclight Chicago 14 in Lincoln Park Chicago which both opened in 2022 152 In February 2022 AMC Theaters reached a deal to acquire the leases to the Arclight Montgomery 16 at Westfield Montgomery in Washington D C and the Westfield UTC mall s Arclight UTC 14 in La Jolla with the former reopening that month and the latter in March of that year 153 During the same month the company reached an agreement to acquire the lease to the Century 12 Evanston previously owned by Cinemark Theatres in Evanston Illinois 154 In December 2022 the company reached a deal on the acquisition of the former Arclight Cinemas located at The Hub on Causeway in Boston 155 In April 2022 AMC Theaters acquired seven Bow Tie Cinemas locations in Connecticut New York and Maryland 156 Controversies editThe early versions of stadium style seating as built by AMC in 1995 had auditoriums configured with an entrance to a flat area immediately in front of the screen for wheelchair users People seated there had to either lean back or look up at an uncomfortable angle to see the screen Able bodied guests had to ascend the stairs to sit in the middle of the risers in order to have a comfortable line of sight with the screen Since some wheelchair users have limited neck movement range this configuration made AMC a popular target for Americans with Disabilities Act ADA lawsuits 157 AMC subsequently solved the problem in newer theaters by building full stadium auditoriums where the main entrance is through a ramp that emerges onto a platform in the middle of the risers so that wheelchair users can enjoy optimal line of sight However the U S Department of Justice sued the company and obtained an order requiring AMC to retrofit over 1 990 screens in 95 multiplexes and megaplexes across the United States The company successfully appealed the order to the U S Court of Appeals for the Ninth Circuit which ruled on December 5 2008 158 that the order was excessive and violated AMC s due process rights under the Constitution of the United States 157 AMC won by pointing out that the United States Access Board had not yet amended its guidelines for movie theaters to specifically require them to provide wheelchair guests sightlines that were as good as those from elevated risers versus merely providing an unobstructed view of the screen Therefore the court ruled that it was unfair to AMC to retroactively hold it to a standard that did not exist at the time it began building stadium style theaters When AMC announced that most of their theaters would reopen in mid July 2020 during the COVID 19 pandemic the initial announcement said masks would be recommended but not mandatory AMC CEO Adam Aron stated We are strongly encouraging our guests to wear masks all across the country but not requiring it and We did not want to be drawn into a political controversy We thought it might be counterproductive if we forced mask wearing on those people who believe strongly that it is not necessary 159 After massive pushback from the public Aron changed the policy to require masks This announcement prompted an intense and immediate outcry from our customers and it is clear from this response that we did not go far enough on the usage of masks Aron said 160 Gallery edit nbsp AMC Promenade 16 megaplex in the Woodland Hills area of Los Angeles California which closed on June 1 2022 and replaced by AMC Dine In Topanga 12 in Canoga Park which opened on the next day nbsp The original appearance of AMC Citywalk Stadium 19 with IMAX in Universal City California It was rebranded and renovated as Universal Cinema AMC at CityWalk Hollywood in 2017 nbsp The mall entrance to AMC Garden State 16 with IMAX at Westfield Garden State Plaza in Paramus New Jersey nbsp AMC 30 at Easton Town Center in Columbus Ohio in 2008 This was converted into AMC Dine In Easton Town Center 30 in 2012 nbsp AMC Broadway Plaza 12 in Birmingham United Kingdom in 2007 This location became Odeon Birmingham Broadway Plaza in 2012 and became Odeon Luxe Birmingham Broadway Plaza in 2018 nbsp AMC Palisades 21 formerly a Loews later branded as an AMC Loews before renovation at Palisades Center shopping mall in West Nyack New YorkSee also edit nbsp Kansas portal nbsp United States portal nbsp Companies portal Cinemark Theatres Cineworld Regal CinemasReferences edit AMC Entertainment Holdings Inc Corporate Profile www amctheatres com a b AMC Entertainment Holdings Inc Form 10 K for 2023 U S Securities and Exchange Commission February 28 2024 Lieberman David December 21 2016 AMC Entertainment Closes Carmike Cinemas Acquisition Deadline Hollywood Archived from the original on December 22 2016 Retrieved December 21 2016 Szalai Georg December 21 2016 AMC Theatres Closes Carmike Cinemas Acquisition to Become Largest U S Exhibitor The Hollywood Reporter Archived from the original on December 22 2016 Retrieved December 21 2016 The Dubinsky Brothers Kansas City Public Library Retrieved March 21 2008 Archived June 10 2008 at the Wayback Machine a b St Joseph News Press 26 Nov 1946 page 1 a b c d e Quinn John March 8 1993 From tent shows to a nationwide chain Variety p 46 Roxy Theater Cinema Treasures Archived from the original on March 12 2020 Retrieved January 26 2021 a b Klady Leonard July 19 1999 AMC founder dies of cancer at 78 Variety p 40 Archived from the original on January 27 2021 Retrieved April 17 2020 Stan Durwood Multiplex Theater Pioneer Los Angeles Times July 16 1999 Retrieved November 17 2009 permanent dead link Robertson Patrick 1993 The Guinness Book of Movie Facts amp Feats 5th ed Abbeville Press p 213 ISBN 1558596976 Robertson Nan November 7 1983 Multiplexes Add 2 300 Movie Screens in 5 Years The New York Times p C13 Archived from the original on December 26 2017 Retrieved February 4 2017 Gerety Will Join Cinema Theaters Dallas Morning News October 28 1948 p 4 La Franco Robert Coming soon a megaplex near you Forbes August 12 1996 p 133 Durwood legacy packs em in Variety March 16 1998 p 42 a b c d e AMC Timeline Variety March 16 1998 p 40 Adams Mark October 14 1988 Exhibs Merge For U K Muscle Daily Variety p 1 Tusher Will December 14 1988 AMC Exits Partnership in the U K Daily Variety p 1 a b Kramer Pat March 16 1998 Bold designs drive expansion Variety p 40 Kinepolis November 16 2016 Kinepolis re opens IMAX theatre in Brussels GlobeNewswire Press release Retrieved January 28 2023 Edmunds Marlene June 15 1998 Kinepolis Keeps the Plexes Coming Variety p 74 Tagliabue John January 27 2000 Now Playing Europe Invasion of the Multiplex With Subplots on Pride and Environment The New York Times Retrieved January 28 2023 Kinepolis Brussels in Brussels BE Cinema Treasures Wilonsky Robert September 1 2011 So the Old AMC Grand 24 Will Remain a Movie Theater After All Half of It Anyway Dallas Observer Archived from the original on August 14 2018 Retrieved August 13 2018 Degen Pener June 6 1997 Tyrannosaurus Plex Entertainment Weekly Archived from the original on April 21 2009 Retrieved November 17 2009 Zipkin Amy September 25 2017 Alternate Site for Conferences Movie Theaters The New York Times ISSN 0362 4331 Archived from the original on November 12 2020 Retrieved August 14 2020 Acquisition of AMC Entertainment by Affiliates of J P Morgan Partners and Apollo Global Management is Completed amctheatres com December 23 2004 Press release Archived from the original on July 31 2013 AMC Theatres Form 8 K Current Report Filing Date Jul 22 2004 PDF secdatabase com Archived PDF from the original on July 14 2014 Retrieved January 4 2013 AMC Theatres Form S 1 Filing Date May 9 2006 PDF secdatabase com Archived PDF from the original on July 14 2014 Retrieved January 4 2013 AMC Theatres Form 8 K Current Report Filing Date May 4 2007 PDF secdatabase com Archived PDF from the original on July 14 2014 Retrieved January 4 2013 AMC Theatres Form 8 K Current Report Filing Date Jul 14 2010 secdatabase com Archived from the original on July 14 2014 Retrieved January 4 2013 Sales Leads Company Info Industry Analysis Hoovers Archived from the original on July 12 2011 Retrieved July 18 2010 AMC Theatres Form 8 K Current Report Filing Date Feb 24 2009 secdatabase com Archived from the original on July 14 2014 Retrieved January 4 2013 Gerardo Issac Lopez 59 www wsj com Archived from the original on November 27 2020 Retrieved November 19 2020 AMC Set To Deploy Sony 4K Digital Projectors Creative Planet Network www creativeplanetnetwork com February 15 2012 Archived from the original on January 7 2016 Retrieved October 22 2015 Taub Eric A March 29 2009 AMC to Get Sony Digital Projectors The New York Times Retrieved November 12 2010 Kansas and Missouri Governors Declare End to Corporate Tax Incentive Border War Nonprofit Quarterly August 15 2019 Archived from the original on March 26 2020 Retrieved March 25 2020 Attorney General Madigan Reaches Agreement with AMC Theatres Settlement of Complaint Filed By Equip for Equality Provides Unprecedented Access for People with Disabilities to Go to the Movies Press release Illinois Attorney General January 30 2014 Archived from the original on March 26 2020 Retrieved March 26 2020 AMC Theatres Form 8 K Current Report Filing Date May 21 2012 secdatabase com Archived from the original on December 29 2013 Retrieved January 4 2013 a b China s Wanda Group Says It Will Spend Tens of Billions on Entertainment The Hollywood Reporter September 4 2012 Archived from the original on October 25 2012 Retrieved October 18 2012 China firm buys AMC to form world s largest cinema chain CNN May 21 2012 Retrieved May 21 2012 permanent dead link AMC Theatres in Canada Archived from the original on January 16 2013 Retrieved December 19 2014 Alonzo Austin July 21 2015 AMC CEO Lopez resigns LA Biz Archived from the original on January 27 2021 Retrieved April 10 2018 AMC Entertainment Taps Adam Aron as CEO Variety December 15 2015 Archived from the original on December 17 2015 Retrieved December 15 2015 Merced Michael J De La Cieply Michael March 3 2016 AMC Deal for Carmike Would Create Biggest U S Theater Chain The New York Times ISSN 0362 4331 Archived from the original on July 25 2016 Retrieved September 19 2016 AMC makes final 1 2 billion bid for Carmike Cinemas Los Angeles Times July 25 2016 Archived from the original on September 19 2016 Retrieved September 19 2016 Lieberman David December 21 2016 AMC Entertainment Closes Carmike Cinemas Acquisition Deadline Hollywood Archived from the original on December 22 2016 Retrieved December 21 2016 AMC to drop Carmike brand add AMC Classic brand for smaller less visited theaters Kansas City Star Archived from the original on March 1 2017 Retrieved March 1 2017 AMC Entertainment CEO Talks Up Premium VOD amp Rebranding Plans Deadline Hollywood February 28 2017 Archived from the original on March 1 2017 Retrieved March 1 2017 Lang Brent August 1 2017 AMC Stock Plunges 26 After Cost Cutting Announcement Variety Archived from the original on August 2 2017 Retrieved August 2 2017 Hayes Dade September 14 2018 AMC Entertainment Gets 600M Injection From Tech Investor Silver Lake Sets Plan To Buy Back Some Wanda Shares Deadline Hollywood Archived from the original on December 3 2019 Retrieved December 3 2019 a b c Did China s Wanda Cash in During AMC Theatres Stock Surge The Hollywood Reporter February 8 2021 Retrieved March 11 2021 Brzeski Patrick Szalai Georg April 15 2020 Will China s Wanda Group Bail Out AMC Theatres The Hollywood Reporter Valence Media Archived from the original on June 3 2020 Retrieved May 26 2020 Alexander Julia October 14 2019 AMC Theaters will launch its own service for renting and buying digital films The Verge Archived from the original on December 3 2019 Retrieved December 3 2019 Hayes Dade October 15 2019 AMC Theatres Launches Movie Streaming Service For AMC Stubs Members Deadline Hollywood Archived from the original on December 10 2019 Retrieved December 3 2019 Linnane Ciara October 15 2019 AMC Theatres launches streaming service in latest blow to Netflix MarketWatch Archived from the original on December 8 2019 Retrieved December 3 2019 Deese Kaelan March 17 2020 AMC Regal closing all movie theaters amid coronavirus The Hill Archived from the original on March 18 2020 Retrieved March 17 2020 McClintock Pamela March 25 2020 AMC Theatres Furloughs All 600 Corporate Staff Including CEO The Hollywood Reporter Archived from the original on March 26 2020 Retrieved March 25 2020 McClintock Pamela April 28 2020 AMC Theatres Refuses to Play Universal Films in Wake of Trolls World Tour The Hollywood Reporter Archived from the original on April 29 2020 Retrieved April 28 2020 Pallotta Frank June 3 2020 AMC Theatres has substantial doubt it can remain in business CNN Archived from the original on January 27 2021 Retrieved June 4 2020 Lang Brent Rubin Rebecca July 28 2020 Universal AMC Theatres Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD Early Variety Archived from the original on July 29 2020 Retrieved July 29 2020 Pallotta Frank August 13 2020 AMC is reopening its theaters next week with 15 cent tickets CNN Business Archived from the original on November 20 2020 Retrieved November 10 2020 Stankiewicz Kevin September 10 2020 AMC s CEO describes coronavirus precautions including upgraded air filtration at reopened theaters CNBC Archived from the original on October 17 2020 Retrieved October 15 2020 Lang Brent June 18 2020 AMC Theatres Unveils Plans to Reopen During Coronavirus Variety Archived from the original on June 19 2020 Retrieved June 19 2020 Alexander Julia October 13 2020 AMC Theaters warns that it could run out of cash by the end of 2020 The Verge Archived from the original on October 16 2020 Retrieved October 15 2020 Ramachandran Naman January 25 2021 AMC Raises 917 Million to Weather Dark Coronavirus Impacted Winter Variety Retrieved March 11 2021 Gladstone Alexander January 25 2021 AMC Nets 917 Million in Financing to Ward Off Bankruptcy Wall Street Journal ISSN 0099 9660 Archived from the original on January 25 2021 Retrieved January 25 2021 How the SaveAMC campaign caused the movie theater company s stocks to soar Newsweek January 27 2021 Retrieved March 11 2021 Goldsmith Jill January 28 2021 AMC Entertainment Investor Silver Lake Rides Cinema Chain s Stock Surge To Swap Debt For Equity Deadline Retrieved March 11 2021 Biswas Alexander Gladstone and Soma January 28 2021 Silver Lake Converts AMC Debt to Equity After Dazzling Stock Rally Wall Street Journal ISSN 0099 9660 Retrieved March 11 2021 Chung Juliet February 3 2021 This Hedge Fund Made 700 Million on GameStop The Wall Street Journal Archived from the original on February 7 2021 Retrieved February 6 2021 a b Alexander Julia March 10 2021 AMC revenue drops nearly 90 percent in fourth quarter but CEO remains optimistic The Verge Retrieved March 11 2021 Goldsmith Jill May 21 2021 Wanda Group Sells Off Most AMC Entertainment Shares Ends Pandemic Era With A Miniscule 0 002 Stake Deadline Goldsmith Jill March 11 2021 AMC Entertainment CEO Reflects On Wild Pandemic Year Goodbyes To Stakeholders Wanda And Silver Lake Deadline Retrieved March 11 2021 Pallotta Frank June 2 2021 AMC shares jump more than 120 to an all time high CNN Robertson Harry June 3 2021 AMC short sellers just lost 2 8 billion in a single day and they re now down 4 5 billion in 8 days amid a 500 surge for the stock Business Insider AMC cinema chain issues warning to small investors Archived from the original on June 3 2021 Retrieved July 1 2021 Keck Catie August 10 2021 Memestock AMC now plans to accept Bitcoin The Verge Retrieved August 26 2022 Peters Jay November 12 2021 AMC Theaters now lets you buy movie tickets with Bitcoin The Verge Retrieved August 26 2022 Keck Catie November 8 2021 AMC boss says company is exploring how to accept Shiba Inu along with other crypto The Verge Retrieved August 26 2022 The AMC mobile app for US theaters now accepts Dogecoin Shiba Inu and other cryptocurrencies TechCrunch April 18 2022 Retrieved April 19 2022 Rogers James AMC Takes Aim at Massive Debt Burden with APE Special Dividend MarketWatch 6 Aug 2022 www marketwatch com story amc takes aim at massive debt burden with ape special dividend 11659710032 AMC Entertainment Jumps 19 After Apes Tout New Share Class Yahoo finance yahoo com news amc entertainment jumps 19 apes 210232716 html Accessed 7 Aug 2022 Valinsky Jordan February 6 2023 AMC will start charging more for better movie theater seats CNN Business CNN Retrieved February 6 2023 Pulliam Moore Charles February 6 2023 AMC is about to make paying for theater seats more like booking an airline ticket The Verge Retrieved February 6 2023 Kavilanz Parija July 20 2023 AMC Theaters scraps plans to charge more for good seats CNN Business CNN Retrieved July 22 2023 AMC Theatres Posts Its Best Admissions Revenue Week in the Company s 103 Year History July 21 27 and the Barbenheimer Phenomenon Continues for a Second Straight Weekend investor amctheatres com Retrieved August 4 2023 Pound Jesse September 6 2023 AMC shares slide 20 after theater chain announces plan to sell additional stock CNBC Retrieved September 6 2023 Sony to Install Digital Sound in AMC Theaters Movies 25 million deal could establish the firm as the leader in its battle against DTS and Dolby Los Angeles Times July 28 1994 Archived from the original on July 3 2020 Retrieved January 10 2020 Investor Relations Corporate Profile AMC Theatres www investor amctheatres com Archived from the original on July 31 2013 Retrieved October 23 2015 AMC Entertainment to Convert Entire Circuit to Digital Cinema Projection with Sony 4K Systems March 30 2009 Archived from the original on April 15 2009 Retrieved April 6 2009 Goldsmith Jill April 22 2022 AMC Ent To Install Laser Projectors At 3 500 U S Auditoriums In Major Upgrade Deal With Cinionic Rolls Out Through 2026 Deadline Retrieved March 11 2024 The Dolby Cinema Experience Comes to Santa Clara s AMC Mercado 20 The Silicon Valley Voice July 27 2018 Archived from the original on December 8 2019 Retrieved December 8 2019 Tong Brian Why Dolby Cinema at AMC is the best movie going experience today CNET Archived from the original on December 8 2019 Retrieved December 8 2019 a b c Lieberman David April 9 2015 AMC Theatres Teams With Dolby To Rebrand Large Screen Venues Deadline Archived from the original on January 25 2021 Retrieved August 7 2020 Adelman Jacob September 26 2017 Curtain is raised on movie multiplex plans at reborn Gallery mall Inquirer com Archived from the original on December 8 2019 Retrieved December 8 2019 Thompson Gary October 30 2019 The AMC Dine In theater at the Fashion District opens Nov 4 Here s what it has to offer Inquirer com Archived from the original on November 5 2019 Retrieved December 8 2019 Carmike 12 screen theater in Spring Hill to offer BigD experience The Tennessean Retrieved December 8 2019 New release Carmike Cinemas brings premium 12 screen theater to west Tulsa Tulsa World February 16 2016 Archived from the original on December 8 2019 Retrieved December 8 2019 AMC ETX Breathtaking Sound Incredible Picture Resolution Colossal Wall to Wall Screen Archived from the original on March 23 2011 Retrieved March 22 2011 AMC Theaters Backs Virtual Reality With 20 Million Investment Archived October 8 2017 at the Wayback Machine Bloomberg September 26 2017 AMC Theatres movie times movie trailers buy tickets and gift cards www amcentertainment com Archived from the original on September 20 2010 Retrieved September 22 2018 a b AMC Entertainment Form 10 K Annual Report Filing Date May 25 2012 secdatabase com Archived from the original on September 28 2018 Retrieved January 4 2013 AMC Stubs Terms and Conditions www amctheatres com Archived from the original on March 26 2020 Retrieved March 26 2020 AMC Stubs Collect Memories Get Rewards www amctheatres com Archived from the original on July 15 2016 Retrieved August 26 2016 McNary Dave November 5 2018 AMC Stubs A List Subscription Hikes Prices in Number of States Variety Archived from the original on March 1 2019 Retrieved March 13 2019 MacGuffins Bar and Lounge www amctheatres com Archived from the original on March 22 2017 Retrieved April 1 2017 FAQ Tickets and Passes www amctheatres com Archived from the original on December 23 2019 Retrieved March 13 2019 AMC Theatres Exchange Ticket Terms www amctheatres com Archived from the original on May 18 2015 Retrieved October 23 2015 Gift Cards Terms amp Conditions www amctheatres com Archived from the original on June 3 2020 Retrieved April 30 2020 Peachtree Mall theater now showing new movies at reduced prices Ledger Enquirer Archived from the original on April 2 2019 Retrieved October 3 2017 AMC to drop Carmike brand add AMC Classic brand for smaller less visited theaters Kansas City Star Archived from the original on March 1 2017 Retrieved March 1 2017 AMC Entertainment CEO Talks Up Premium VOD amp Rebranding Plans Deadline Hollywood February 28 2017 Archived from the original on July 2 2020 Retrieved March 1 2017 Carmike 10 becomes AMC Classic with first run flicks at a discount Lexington Herald Leader Archived from the original on September 23 2020 Retrieved October 3 2017 Wilson Carl October 8 2018 High Point movie theater completes upgrade Winston Salem Journal Archived from the original on December 8 2019 Retrieved December 8 2019 Carmike 10 becomes AMC Classic with first run flicks at a discount Lexington Herald Leader Retrieved October 3 2017 Chapman Wilson May 31 2022 AMC Theatres Opens New Dine In Multiplex in L A s San Fernando Valley Variety Universal Cinema Opens at CityWalk Hollywood During Star Studded Ceremony Theme Park Adventure April 25 2017 Archived from the original on April 28 2017 Retrieved April 28 2017 Bilbao Richard August 17 2018 Universal Orlando CityWalk s movie theater to get makeover new name Orlando Business Journal Archived from the original on January 27 2021 Retrieved November 21 2019 Cinemark to take over AMC Universal CityWalk in Orlando News 13 August 17 2018 Archived from the original on December 22 2019 Retrieved November 21 2019 Clark Kristen August 17 2018 Cinemark Coming to Universal Orlando s CityWalk This Fall Close Up Universal Orlando Archived from the original on November 29 2019 Retrieved November 21 2019 Macaulay Scott April 23 2010 AMC Announces AMC Independent Filmmaker Magazine Archived from the original on March 13 2018 Retrieved March 13 2018 AMC s Nikkole Denson Randolph Keeps Indie Filmmakers in Focus April 19 2012 Archived from the original on March 13 2018 Retrieved March 13 2018 AMC Theatres Launches Archived from the original on March 13 2018 Retrieved March 13 2018 AMC Independent www amctheatres com Archived from the original on April 4 2018 Retrieved March 13 2018 Shanfeld Ethan May 7 2021 Chance the Rapper Releases Teaser for Upcoming Concert Film Magnificent Coloring World Variety Archived from the original on October 17 2023 Retrieved October 16 2023 a href Template Cite web html title Template Cite web cite web a CS1 maint bot original URL status unknown link Willman Chris August 31 2023 Taylor Swift Concert Film Will Bring Eras Tour to America s Movie Theaters in October Variety Retrieved October 3 2023 Donnelly Matt October 1 2023 Beyonce Drops Trailer for Renaissance Concert Film Opens Ticket Pre Sales for December Release Variety Retrieved October 3 2023 Rubin Rebecca November 4 2021 AMC Theatres Will Start Selling Popcorn in Shopping Malls and Supermarkets Variety a b Rubin Rebecca March 15 2022 AMC Theatres Buys 28 Million Stake in Gold and Silver Mining Company Variety AMC Theatres Form 8 K Current Report Filing Date Mar 19 2002 secdatabase com Archived from the original on December 29 2013 Retrieved January 4 2013 AMC Theatres Form 10 Q Quarterly Report Filing Date Feb 5 2003 PDF secdatabase com Archived PDF from the original on December 29 2013 Retrieved January 4 2013 AMC Theatres Form 8 K Current Report Filing Date Dec 19 2003 secdatabase com Archived from the original on December 29 2013 Retrieved January 4 2013 AMC Theatres Form 8 K Current Report Filing Date Jan 27 2006 PDF secdatabase com Archived PDF from the original on December 29 2013 Retrieved January 4 2013 AMC Theatres Form 8 K Current Report Filing Date May 25 2010 secdatabase com Archived from the original on December 29 2013 Retrieved January 4 2013 AMC Entertainment and Kerasotes Theatres Announce Entry Into Definitive Agreement Archived July 31 2013 at the Wayback Machine AMC Entertainment January 19 2010 Kerasotes Plans Sale of Theatres to AMC Archived July 17 2011 at the Wayback Machine NWI com January 22 2010 Showplace Icon Theatres Archived from the original on January 2 2010 Retrieved January 23 2010 AMC Theatres and Kerasotes Theatres Announce Completion of Sale Archived July 7 2011 at the Wayback Machine AMC Entertainment May 25 2010 AMC Closes on 275 Million Purchase of Kerasoets Theater Chain Archived May 28 2010 at the Wayback Machine Kansas City Business Journal May 25 2010 Dallas movie theater operator Starplex Cinemas sold to industry giant AMC for 175 million Dallas News Archived from the original on December 30 2015 Retrieved December 30 2015 AMC s Deal for Carmike Cinemas Boosts Chinese Control of U S Theaters The Wall Street Journal Archived from the original on March 4 2016 Retrieved March 4 2016 AMC Theatres Closes Carmike Cinemas Acquisition to Become Largest U S Exhibitor The Hollywood Reporter Archived from the original on November 14 2017 Retrieved November 20 2017 Odeon amp UCI cinemas sold to China owned firm BBC News BBC News July 12 2016 Archived from the original on July 13 2016 Retrieved July 12 2016 Szalai Georg November 17 2016 AMC Theatres Odeon amp UCI Acquisition Gets EU Approval The Hollywood Reporter Archived from the original on November 28 2016 Retrieved November 27 2016 Lieberman David November 16 2016 AMC Entertainment s Acquisition Of Odeon amp UCI Clears European Commission Deadline Hollywood Archived from the original on December 1 2017 Retrieved November 20 2017 AMC Entertainment Holdings Inc Signs Definitive Agreement to Acquire Nordic Cinema Group Nordic Cinema Group January 23 2017 Archived from the original on January 27 2017 Retrieved January 28 2017 Frater Patrick January 23 2017 Wanda Expands Global Theater Reach as AMC Pays 929 Million for Nordic Cinema Variety Archived from the original on January 29 2017 Retrieved January 28 2017 AMC Entertainment Holdings Inc Completes Acquisition of Nordic Cinema Group Business Wire March 28 2017 Archived from the original on December 1 2017 Retrieved November 20 2017 D Alessandro Anthony July 19 2021 AMC Closes Deal For Grove amp Americana Leases In L A Venues Reopening In August With PLF Upgrades Update Deadline Retrieved December 21 2021 Goldsmith Jill December 21 2021 AMC Entertainment Takes Over Two More Arclight Cinemas And Pacific Theatres In LA Chicago Deadline Retrieved December 21 2021 Goldsmith Jill February 8 2022 AMC Entertainment In Lease Deals For Former ArcLight Theaters In San Diego D C Markets Deadline Retrieved February 8 2022 Vlessing Etan February 15 2022 AMC Theatres Takes Over Former Cinemark Cinema Lease in Chicago The Hollywood Reporter Retrieved February 21 2022 Goldsmith Jill December 19 2022 AMC Entertainment Acquires 13 Screen Former ArcLight Cinema In Boston Deadline Hollywood Retrieved December 19 2022 D Alessandro Anthony April 12 2022 AMC Entertainment In Lease Deals For Former ArcLight Theaters In San Diego D C Markets Deadline Retrieved April 13 2022 a b Ninth Circuit Overturns Ruling on Disabled Seating at Movie Theaters www metnews com Archived from the original on January 29 2009 Retrieved December 20 2008 AMC Theatres Form 10 Q Quarterly Report Filing Date Feb 13 2009 PDF secdatabase com Archived PDF from the original on July 14 2014 Retrieved January 4 2013 Lang Brent June 18 2020 AMC Theatres Unveils Plans to Reopen During Coronavirus Archived from the original on October 2 2020 Retrieved October 5 2020 Breznican Anthony June 19 2020 AMC Theatres Reverses Policy Will Enforce Masks on Moviegoers Vanity Fair Archived from the original on October 2 2020 Retrieved October 5 2020 External links edit nbsp Wikimedia Commons has media related to AMC Theatres Official website nbsp Business data for AMC Entertainment Holdings Inc BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title AMC Theatres amp oldid 1217772622, wikipedia, wiki, book, books, library,

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