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09.11.2023 / 16:39

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AMC Entertainment Shares Drop, Despite Strong Earnings, Strike Deal, After $350 Million Stock Offer

AMC shares plunged today despite record quarterly earnings as the giant theater chain filed with SEC to sell up to $350 million worth of stock — offsetting any bump that could been expected from solid financials and an end to the actors’ strike. Shares were trading up this morning pre-market but reversed course when the filing hit the wire.

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AMC Entertainment Will Lean Into Concert Films After ‘Eras Tour’ Success; “Our Phone Has Been Ringing Off The Hook,” Says CEO

Theater chain AMC will make a handsome profit from distributing and from its box office grosses, which passed $232 million globally, said CEO Adam Aron. He declined to give any numbers until year end since both Swift — and Renaissance: A Film By Beyoncé, which launches Dec. 1 — fall in the current fourth quarter.

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AMC Entertainment CEO Warns Strike Will Cause “Needless Challenges” In 2024, Urges Parties To Settle “Immediately”

AMC Entertainment swung to a profit last quarter and saw revenue jump 45%, besting Wall Street forecasts. CEO Adam Aron found the numbers “quite satisfying.” But, he said, the short-term impacts of the writer’s and actor’s strikes will cause additional and needless challenges for AMC in 2024. Without taking sides as to who is to blame and how the labor challenges should be resolved, we strongly encourage all the parties involved to come to the negotiating table with the intent of reaching an agreement immediately.”

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AMC Theatres CEO Adam Aron Says He Was Victim of ‘Elaborate Criminal’ Extortion Attempt

Adam Aron, the CEO of AMC Theatres, revealed that he had been the victim of an “elaborate criminal extortion.” The chief of the world’s largest cinema chain didn’t reveal details about what he described as a “blackmail attempt” other than to claim they were “related to false allegations about my personal life.” Aron says there has been a “vigorous” criminal investigation taken by the U.S. Attorney’s Office for the Southern District of New York, and he had reported the situation to the FBI and Justice Department.

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AMC Entertainment CEO Adam Aron Reveals He Was Targeted In Blackmail Plot In 2022

Adam Aron, the colorful and outspoken CEO of top exhibitor AMC Entertainment, took to X/Twitter on a more serious matter this morning, revealing he had been targeted in a blackmail plot last year.

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Beyonce Renaissance World Tour Next Big Screen Concert Film For AMC

Capitalizing on the anticipated big screen fever of Taylor Swift: The Eras Tour, we are hearing heavy buzz this morning that AMC‘s next big concert film is Beyonce: Renaissance World Tour, which has been another hard-to-get-live event ticket this past year in addition to Swift.

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AMC Entertainment Stock Pops As It Raises Fresh Cash In Stock Sale; Talk Of “Financial Collapse” Now Moot, Says CEO

AMC Entertainment shares rallied as the company completed a previously disclosed equity offering, raising about $325.5 million of new capital.