AMC Entertainment Holdings Inc
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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 plans to open 140 more theaters this week, stock pops 12%

4:25 pm ET September 1, 2020 (MarketWatch)
Print

AMC Entertainment Holdings Inc. (AMC) announced Tuesday afternoon that it expects to open 140 theaters by Thursday as one of the first big movies to release to theaters since the start of the COVID-19 pandemic drives demand for more theaters to open. The company said that after it opens those planned theaters, it will have roughly 70% of its theater locations open, which is approximately 420 locations. The move comes after the highly anticipated Christopher Nolan-helmed film "Tenet" had a strong international showing in its first weekend of release, grossing more than $50 million. "The first two weekends of operations have exceeded our expectations in terms of guests returning to the movies and in terms of their feedback about our extensive AMC Safe & Clean policies and procedures," AMC Chief Executive Adam Aron said in Tuesday's news release. AMC stock jumped more than 12% in after-hours trading following the announcement. Shares have dropped more than 15% so far this year as the COVID-19 pandemic has kept theaters closed.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 01, 2020 16:25 ET (20:25 GMT)

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