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 Theatres(R) to Open Its First Two Locations in New Jersey, the Sixth Largest State in AMC's Circuit by Screen Count, on Friday, September 4

8:00 am ET September 3, 2020 (BusinessWire) Print

--AMC Jersey Gardens 20 and AMC Wayne 14 are the first two AMCs to reopen in New Jersey on Friday, September 4

--AMC expects an additional seven locations to open as early as Monday, September, 7

--AMC Safe & Clean, which was developed under close cooperation with public health and safety experts, is being stringently enforced at all AMC locations

AMC Theatres(R) (NYSE:AMC) continues to welcome back moviegoers throughout the United States, and beginning this Friday, September 4, that includes moviegoers in the state of New Jersey, the sixth largest state in AMC's circuit by screen count. Following the announcement by state officials this week that movie theatres are permitted to reopen, AMC will open all 27 of its New Jersey theatres during the next week. Those openings begin tomorrow, September 4, when AMC Jersey Gardens 20 and AMC Wayne 14 resume operations in time for guests to enjoy Warner Bros.' TENET on opening weekend.

As early as Monday, September 7, AMC expects to reopen an additional seven locations, including AMC Brick Plaza 10, AMC Brunswick Square 13, AMC Clifton Commons 16, AMC Deptford 8, AMC East Hanover 12, AMC Newport Centre 11 and AMC Garden State 16.

The remaining New Jersey locations are set to open on or around Thursday, September 10. AMC is closely monitoring, and will strictly follow, all state and local ordinances for seating capacity. The Company expects to make announcements about additional states and markets in the coming weeks, once theatres are authorized to open by state and local officials.

In addition to TENET, which opens today, September 3, guests at all open AMC locations can enjoy this summer's new titles such as THE NEW MUTANTS, UNHINGED, WORDS ON BATHROOM WALLS and THE PERSONAL HISTORY OF DAVID COPPERFIELD. Upcoming releases include BROKEN HEARTS GALLERY on Sept. 11, INFIDEL on Sept. 18, and GREENLAND on Sept. 25.

AMC is also offering an array of $5 food and beverage treats, including regular popcorn, regular Coca-Cola Freestyle drinks and KidsPacks, through the end of October. And all AMC Stubs members will earn double points on all ticket and food & drink purchases through the end of October.

Adam Aron, CEO and President of AMC Theatres, commented: "This is a great day for moviegoers in the state of New Jersey, for AMC and for our hundreds of employees in the state. We are especially pleased that our studio partners can rely on an expanding and enthusiastic audience for their new movie releases, as more and more states in the U.S. approve the opening of cinemas. We are excited to welcome our guests in New Jersey back to the movies, where they will experience the magic of the big screen, along with our new AMC Safe & Clean policies and procedures. Our comprehensive commitment to operating our theatres safely now includes social distancing through limiting ticket sales and automatic seat blocking, seamless contactless ticketing, greatly enhanced cleaning procedures, the availability of hand sanitizer and disinfecting wipes throughout our theatres, as well as a mandatory mask policy for all guests and crew members. We're also closely monitoring local and state guidance, and we are complying with any additional capacity restrictions. In addition, we have invested millions for high tech solutions to sanitization and disinfection, including electrostatic sprayers, HEPA vacuums and MERV 13 air filters. Guests returning to AMC can do so knowing that we've been in constant dialogue with top scientists and experts in public health and cleaning about how best to reopen our theatres in ways that will be responsible and welcoming."

For full title and showtime information, moviegoers should check their theatre's webpage on amctheatres.com.

AMC SAFE & CLEAN

Upon returning to the movies, AMC guests can expect to experience AMC's comprehensive health and sanitation program: AMC Safe & Clean, which was developed under advisement of current & former faculty of Harvard University's prestigious School of Public Health as well as the No. 1 U.S. cleaning brand, The Clorox Company.

AMC Safe & Clean components include significant reductions in the maximum tickets available for each showtime and seat blocking in reserved seating auditoriums to allow for appropriate social distancing between parties, enhanced cleaning procedures that include extra time between showtimes to allow for a full, thorough cleaning and nightly disinfecting utilizing electrostatic sprayers, use of high tech HEPA vacuums, upgraded air filtration efforts including the use of MERV 13 filters wherever possible, new guest and associate safety protocols that include mandatory mask wearing by all guests and associates, hand sanitizing stations throughout the theatre and the availability to guests of disinfectant wipes. The entire AMC Safe & Clean plan can be found at amctheatres.com/amc-safe-and-clean.

About AMC Entertainment Holdings, Inc.

AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. AMC operates among the most productive theatres in the United States' top markets, having the #1 or #2 market share positions in 21 of the 25 largest metropolitan areas of the United States. AMC is also #1 or #2 in market share in 9 of the 15 countries it serves in North America, Europe and the Middle East. For more information, visit www.amctheatres.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200903005289/en/

SOURCE: AMC Theatres">

Ryan Noonan, (913) 213-2183
rnoonan@amctheatres.com
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