Hints and tips:
...AMC Entertainment Holdings Inc is selling its stake in a Saudi-joint venture almost five years after helping reintroduce cinema to the once ultra-conservative Muslim country....
...investor crowd: AMC Entertainment Holdings, Inc....
...AMC, Cinemark and Cineplex, weakened by the pandemic, have recently agreed to shorten the window for showing films exclusively in cinemas....
...Either way, it is a serious blow to film theatre chains....
...“If Disney bought AMC, there’s no reason why they could not show The Mandalorian 2 in theatres on opening weekend, and then start streaming it after, and they would make so much money,” he said....
...The historically tech-focused group led by Egon Durban recently cut a fresh deal with AMC to keep it afloat....
...A version of this article was first published by Nikkei Asia on March 24 2021. ©2021 Nikkei Inc....
...In recent months, disputes have broken out at mattress maker Serta Simmons Bedding, travel technology provider Travelport and movie theatre chain AMC Entertainment over refinancing deals that favour one...
...AMC Entertainment tapped the junk bond market for $500m in April, giving the US cinema chain enough money to ride out a total shutdown of its theatres until Thanksgiving....
...AMC Theatres, the US’s largest cinema chain, this week pushed back the reopening of 450 venues until the end of July, and Apple has closed retail stories in Florida, Arizona and other southern and western...
...AMC Entertainment used equity awards to show its “deep conviction” about the future of the largest US movie-theatre chain, AMC’s CEO Adam Aron said in a recent press release....
...Cineworld shares have dropped more than 25 per cent in the past six months, Cinemark has lost more than 15 per cent and AMC Entertainment more than 20 per cent....
...That made it the second-largest cinema group in the world, behind AMC theatres, which is owned by China’s Dalian Wanda and includes the UK chain Odeon....
...It also ran into competition from large theatre chains such as AMC, whose own subscription plan has more than 900,000 subscribers. MoviePass suspended its service in July, citing upgrades to its app....
...The company has also faced competition from theatre chains like AMC, which introduced its own movie pass, that allows film-goers to watch 3 films a week across all its formats, for just $19.95 a month and...
...theatre company....
...It anticipates 300 theatres showing movies will open by 2030, contributing $24bn to the economy and creating 30,000 jobs. AMC was bought by Dalian Wanda for $2.6bn in 2012....
...Instead of the usual list of films and showtimes, cinemas belonging to big chains such as AMC showed only a message saying “no more screenings” on MoviePass’ app....
...The company’s most important international asset is AMC Entertainment Holdings of the US, the world’s largest cinema chain....
...“Local theatres need spectacle-driven films more than ever,” he adds. “The government will never allow Hollywood films to take over.”...
...AMC’s initial $10m investment values Dreamscape at $150m....
...Also on Tuesday, US cinema chain AMC Entertainment — which Wanda acquired in 2012 — issued a statement clarifying that funding for AMC’s recent acquisitions of other theatre chains did not come from Wanda...
...Wanda has been on an overseas shopping spree since its 2012 purchase of AMC Theatres in the US....
...The real estate investment trust (Reit) owns freestanding properties that lease space to companies specialising in “experiences” — AMC theatres, Cadence Education, O’Charley’s steakhouses....
...According to officials, AMC operated 388 theatres and Carmike had 271 theatres as of September 30....
International Edition