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For years, there’s been a spike in moviegoing on Tuesdays, when it can cost half as much to take a trip to thousands of cinemas across the country. AMC Theatres — the country’s largest exhibitor — upped the ante in a major way on Monday when extending the discount to Wednesdays for members of AMC…
AMC Theatres CEO Adam Aron was the victim of a blackmail and extortion plot. The unconventional CEO disclosed the plot Thursday morning on X (formerly Twitter), adding that the perpetrator has already been convicted. “By definition, I live my life in the public eye. Unfortunately, last year I became the victim of an elaborate criminal extortion by…
AMC Theatres Hopes Its Next Gold Mine Is a Credit Card AMC Theatres has found its next investment to appease its retail investors. The movie theater chain is set to launch an AMC Entertainment Visa Card in early 2023 in partnership with Visa and Deserve, a digital credit card platform. Credit card holders will be…
“#AMC CEO Adam Aron unloads another $7M in shares, promises no more selling” AMC Entertainment CEO Adam Aron has unloaded yet another trove of stock in the movie-theater chain — and claims he’s done selling for now. Aron revealed he sold another tranche of AMC shares worth $7.1 million this week in a filing with…
“#AMC CEO Adam Aron says he will try to refinance expensive debt” AMC Entertainment boss Adam Aron said Monday that he wants to refinance some of the movie theater chain’s expensive debt as it weathers the effects of the COVID-19 pandemic. “In 2020 and early 2021, AMC took on debt at high interest rates to…
“#Are stock ‘cultists’ pumping AMC shares?” AMC Theatres, the teetering movie-theater chain with a stock that trades like a FAANG, was supposed to skyrocket even further last week on a breakout quarter — igniting a “short squeeze” that would crush company naysayers. That was the word on social media and promoted by the stock’s ardent,…
“#AMC CEO Adam Aron sells nearly $25 million in shares” AMC Entertainment CEO Adam Aron has sold 625,000 shares in the company, worth approximately $25 million, according to a Wednesday filing with federal regulators. That’s just half the shares he plans to sell over the coming days, weeks and months, according to the filing. The…
“#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC” Adam Aron says he wants to increase his Twitter following to include about 1,000 more professed small-investor shareholders of the company he runs, AMC Entertainment. His goal is to better “understand this phenomenon that has changed who owns AMC.” But based on the type of AMC…
“#AMC getting closer to avoiding bankruptcy until summer” AMC Entertainment, America’s biggest movie chain, is getting ever closer to its goal of raising enough money by the end of January to stave off bankruptcy until at least the summer, The Post has learned CEO Adam Aron has told Wall Street he aims to raise $750…
“#AMC Theatres CEO Understands Disney’s Decision to Release ‘Mulan’ on VOD, in Stark Contrast to ‘Trolls’ Reaction” As the coronavirus (COVID-19) pandemic has begun to change the way movies are released and the way audiences consume media, theater chains are starting to change their tunes. AMC Theatres, in particular, is responding to Disney’s decision to…