Adam Aron: Last News

Refresh for updates…The final morning of CinemaCon 2023 began with Paramount, the studio that brought coast-to-coast moviegoers back with their $718.7M record breaking Tom Cruise sequel, Top Gun: Maverick. And in standard fashion, domestic distribution chief, Chris Aronson, hammed it up with a grand entrance.

AMC Entertainment chief executive Adam Aron said a booming box office and sharp pivot to theatrical by studios and streamers makes him “as relaxed and confident about AMC future as I possibly can be.”

AMC Entertainment has taken a big step forward on a few key fronts, announcing a settlement in a shareholder lawsuit that would allow it to issue stock, raise capital, convert its APE units and go ahead with a ten-for-one reverse stock split – basically a lifeline if it needs one.

AMC stockholders today overwhelmingly approved a pair of provisions that would dramatically enhance the company’s ability raise fresh cash by issuing and selling shares and boost the price of the company’s shares in a ten-for-one-reverse stock split.

AMC Entertainment CEO Adam Aron said the new Sightline ticket pricing regime the chain’s trying out in three markets has the potential to expand the moviegoing market and prevent future price hikes.

Giant movie chain AMC Entertainment saw revenue dip 15% last quarter to $991 million and losses widen on a one-time impairment charge in a fourth quarter was tough on exhibition in general with Avatar: The Way Of Water hitting late in the year, and a few misfires. A fuller release sked led by a steadier stream of tentpoles is expected to nudge the box office towards real post-Covid recovery this year.  

AMC Entertainment will debut its new retail popcorn line at hundreds of Walmart locations on March 11 –  Academy Awards weekend, the company announced this morning.

Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock.

Shares in top exhibitor AMC Entertainment fell 25% ahead of today’s market opening after the company said it plans to pursue a reverse stock split and has raised $110 million from the sale of “APE” shares.

AMC has picked up another location, announcing today the acquisition of a the former ArcLight theater located at The Hub on Causeway, a large-scale mixed-use development at North Station in Boston. The 13-screen cinema is new — it opened in December 2019 and closed three months later due to Covid-19.

AMC Entertainment plans to offer a co-branded credit card starting in early 2023 for members of its loyalty program, a first in the theatrical exhibition industry and the latest venture by the movie chain, which will also be rolling out its own popcorn for sale at retailers next year.  

AMC got its meme back Thursday, with the stock surging 27% at its high on heavy volume, way outpacing the broader market and other publicly traded theater chains.

Among those quite happy with the re-installment of Bob Iger as Disney’s CEO was exhibition giant, AMC’s Adam Aron, who took to Twitter in the wake of the news exclaiming, “Based on box office grosses, Disney is the biggest film maker of any movie studio. Bob Iger coming back to again lead Disney as its CEO is a big deal. Let me shout this from the mountain top. I have the absolute highest respect for Bob Iger.”

Giant theater chain AMC Entertainment saw revenue rise and losses widen slightly last quarter but CEO Adam Aron cited a stronger slate ahead and moves on debt reduction, capital raising and new projects.

AMC Entertainment plans to launch “Zoom Rooms” at movie theaters in up to 17 U.S. cities serving businesses with in-person events and meetings.

Giant theater chain AMC Entertainment filed today to sell up to 425 million AMC Preferred Equity Units, or APEs, its new securities that have seen a price collapse amid a sour market and investor backlash.

AMC Entertainment’s new APE securities — AMC Preferred Equity Units – began trading today late morning in a messy session for the big exhibitor, whose primary stock is down by almost 40%.

Olivia Newton-John's untimely passing earlier in the month had many people reminiscing through her most iconic movies and musical works.MORE: Olivia Newton-John's husband shares heartfelt update in new tribute to late starMany of them will now get the chance to do so in grander form, however, as arguably her most remembered project makes its return to the screen.VIDEO: Grease star Dame Olivia Newton-John dies aged 73AMC announced that it would be screening Grease in select theaters around the country in honor of the late star.The theater chain's CEO, Adam Aron, shared the news on Twitter while also revealing that a portion of ticket sales would go to breast cancer research. MORE: Sharon Osbourne's daughter Aimee makes emotional tribute to Olivia Newton-John with childhood story"To honor the late Olivia Newton-John: many of our U.S. theaters this weekend will show her classic 1978 hit movie Grease, again on the big screen," he wrote. "An inexpensive $5 admission price, and through our charity AMC Cares we will donate $1 per sold ticket to breast cancer research."To honor the late Olivia Newton-John: many of our U.S.

The iconic film Grease is making a return to the big screen in the wake of Olivia-Newton John's recent passing.Earlier this week, AMC Theatres announced its going to show the classic 1978 movie that starred Newton-John as Sandy and John Travolta as Danny at 135 of its locations around the country this weekend to raise money in the fight against breast cancer.'To honor the late Olivia Newton-John: many of our U.S. theatres this weekend will show her classic 1978 hit movie Grease, again on the big screen,' AMC Theaters CEO Adam Aron tweeted out, adding, 'An inexpensive $5 admission price, and through our charity AMC Cares we will donate $1 per sold ticket to breast cancer research.' Special tribute engagement: AMC Theatres announced it is showing the original Grease film, starring Olivia Newton-John and John Travolta, in tribute to the film's leading ladyGrease was once the highest-grossing musical film of all-time, eclipsing a record held by The Sound of Music by grossing more than $366 million on just a $6 million budget.The movie's record was trumped after the release of Les Misérables in 2012, which went on to rake-in $441.8 million at the box office on a $61 million budget.

Olivia Newton-John is being honored with a theatrical re-release of her beloved 1978 movie musical,. The film is slated to return to AMC Theatres on Friday in select cities with proceeds to benefit breast cancer research. «To honor the late Olivia Newton-John: many of our U.S.

For a limited time, AMC Theaters will return the 1978 musical Grease to its theaters, allowing fans to once again see Olivia Newton-John and John Travolta memorably team on the big screen.