AMC Entertainment Holdings Inc
Change company Symbol lookup
Select an option...
AMC AMC Entertainment Holdings Inc
LAD Lithia Motors Inc
SBUX Starbucks Corp
HYLN Hyliion Holdings Corp
NIO NIO Inc
F Ford Motor Co
GM General Motors Co
PG Procter & Gamble Co
GE General Electric Co
DEO Diageo PLC
Go

Communication Services : Entertainment | Small Cap Value
Company profile

AMC Entertainment Holdings, Inc. is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc. (AMCE), American Multi-Cinema, Inc. (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors. The Company also offers a range of food and beverage items, which include popcorn; soft drinks; candy; hot dogs; specialty drinks, including beers, wine and mixed drinks, and made to order hot foods, including menu choices, such as curly fries, chicken tenders and mozzarella sticks. It operates over 900 theatres with approximately 10,000 screens globally, including over 661 theatres with approximately 8,200 screens in the United States and over 244 theatres with approximately 2,200 screens in Europe. The Company’s subsidiary also includes Carmike Cinemas, Inc.

Closing Price
$2.36
Day's Change
-0.16 (-6.35%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.49
Day's Low
2.28
Volume
(Below Average)
Volume:
11,013,232

10-day average volume:
13,406,151
11,013,232

AMC Entertainment agrees to sell Baltic cinemas for about $77 million

6:53 am ET August 31, 2020 (MarketWatch)
Print

AMC Entertainment Holdings Inc. (AMC) said Monday it has reached an agreement to sell its Baltic Region theaters to UP Invest, owner of a Baltics cinema group, for about $77 million. The acquisition includes all nine AMC theater locations in Latvia, Lithuania and Estonia, the company said in a statement. "This transaction marks yet another bold and decisive action taken, on the heels of our capital raising in April and debt restructuring and capital raising in July, to bolster our liquidity and strengthen our balance sheet at a transaction multiple that underscores the inherent value of our theatre portfolio and resilience of our business," Chief Executive Adam Aron said in the statement. The company is "encouraged" by attendance levels at the theaters that have reopened in Europe, and the roughly 300 that are open in the U.S., where AMC is the biggest operator of cinemas. Shares were up 1.8% premarket, and are down 13% in the year to date, while the S&P 500 has gained 8.6%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 31, 2020 06:53 ET (10:53 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.