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“#’Spider-Man,’ return of moviegoing ignites Cinemark’s comeback” Blockbusters like “Spider-Man: No Way Home” and “Scream” have ignited the box office, giving cinema chain Cinemark a resurgence and lifting its fourth-quarter results. Cinemark, the third-largest movie theater chain in the US behind AMC and Regal parent Cineworld, touted “significant advances in pandemic recovery,” thanks to a…
“#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…
“#61% of Americans skipped movie theaters last year: poll” A record-high 61 percent of Americans didn’t step foot in a movie theater at all last year, a new Gallup poll released Friday reveals. Americans watched an average of just a little over one movie in a theater over the past 12 months, the survey says….
“#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…
“#Movie theater worker exposes items patrons leave behind” Trashy ain’t flashy. A TikTok user is going viral for sharing the gross things that movie theater-goers leave behind after film screenings. An usher — who goes by the name Simply Rachael on the platform — posted a video titled “Things I find while ushering.” The clip…
“#No Way Home’ opening brings in highest ticket sales in 2021” The box office is rising from the dead — even as Omicrom looms and the pandemic’s end is nowhere in sight. “Spider-Man: No Way Home” ignited the US box office this weekend, shattering pandemic-era records with $260 million in ticket sales — the best…
“#AMC, Sony offer NFTs to people who buy advance Spider-Man tickets” AMC is getting into the NFT game. The world’s largest movie theater chain — which in August said it would accept Bitcoin for online ticket and concession purchases as well as a range of other cryptocurrencies by the end of the year — said…
“#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,…
“#MoviePass is angling to make a comeback in 2022” MoviePass, the movie ticket subscription service that shut down in 2019 after losing more than $100 million in a single quarter, is looking to rise from the dead next year. MoviePass co-founder and former CEO Stacy Spikes, who now runs PreTechnology, bought the company, and is…
“#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…