AMC Entertainment’s biggest issue right now may be its $4.5 billion debt and the fact that most comes due in 2026. On a conference call post-earning today, CEO Adam Aron addressed it publicly for the first time, assuring investors the giant theater chain has been working with lenders for almost a year to extend the maturities and he’s hopeful they will.
“I can assure everyone listening to this call that the management of this company, which has been pretty smart in how we’ve navigated through the pandemic … is wholly focused on the debt maturities that are due in 2026. This is not something that we will look at next year or the year after.”
The good news, he said, “is that we have lender syndicates who generally like AMC, have worked with us before, and are working with us now, and he’s “hopeful” for an agreement. “It has our highest attention.
“I can assure everyone listening to this call that the management of this company, which has been pretty smart in how we’ve navigated through the pandemic … is wholly focused on the debt maturities that are due in 2026. This is not something that we will look at next year or the year after.”
The good news, he said, “is that we have lender syndicates who generally like AMC, have worked with us before, and are working with us now, and he’s “hopeful” for an agreement. “It has our highest attention.
- 5/8/2024
- by Jill Goldsmith
- Deadline Film + TV
Movie theaters can’t sell tickets if they don’t have a lot of new blockbusters to advertise on their marquees. And the actors and writers strikes that ground Hollywood to a standstill in 2023 left studios with fewer movies to release as 2024 got started. As the biggest exhibitor in the world, AMC Theatres certainly felt the lack of franchise movies and tentpole films as the year kicked off, but the company still managed to beat projections with its quarterly earnings. That was partly thanks to the March release of “Dune: Part Two” and “Kung Fu Panda 4,” popular sequels that helped off-set declining admissions in January and February.
Despite the late breaking entry of some must-see movies, revenues at the the theater chain fell to $951.4 million from $954.4 million in the prior-year quarter. However, net losses for the three-month period ending in March narrowed to $163.5 million, or 62 cents per share. That...
Despite the late breaking entry of some must-see movies, revenues at the the theater chain fell to $951.4 million from $954.4 million in the prior-year quarter. However, net losses for the three-month period ending in March narrowed to $163.5 million, or 62 cents per share. That...
- 5/8/2024
- by Brent Lang
- Variety Film + TV
AMC Entertainment Holdings has seen its first-quarter revenues edge down slightly on weaker box office in the wake of the dual Hollywood strikes last year, and its net loss narrow as Dune: Part Two and Godzilla x Kong played in its theaters.
On Wednesday, the parent of AMC Theatres reported overall revenues for the three months to March 31, 2024 hitting $951.4 million, just down from a year-earlier $954.4 million, which came amid a 6 percent overall decline in the first quarter North American box office for Hollywood films, compared to 2023.
The premiere on its screens of titles like Dune: Part Two and Kung Fu Panda 4 in early March helped offset a slow box office start this year in January and February. The net loss at the giant cinema chain came in at $163.5 million, which shrank a year-earlier loss of $235.5 million. And the diluted loss per-share was 62 cents, against a year-earlier loss per-share of...
On Wednesday, the parent of AMC Theatres reported overall revenues for the three months to March 31, 2024 hitting $951.4 million, just down from a year-earlier $954.4 million, which came amid a 6 percent overall decline in the first quarter North American box office for Hollywood films, compared to 2023.
The premiere on its screens of titles like Dune: Part Two and Kung Fu Panda 4 in early March helped offset a slow box office start this year in January and February. The net loss at the giant cinema chain came in at $163.5 million, which shrank a year-earlier loss of $235.5 million. And the diluted loss per-share was 62 cents, against a year-earlier loss per-share of...
- 5/8/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
Deadline’s Most Valuable Blockbuster tournament is back. While studios during Covid wildly embraced the theatrical day-and-date model when cinemas were closed, they soon realized there’s nothing more profitable than a theatrical release and the downstreams that come with it. If anything, theatrical is the advertisement for a movie’s longevity in subsequent home entertainment windows. Entering the conversation in 2023 were the streamers, such as Apple, who have also realized the necessity of theatrical to eventize their movies. The financial data pulled together here for Deadline’s Most Valuable Blockbuster Tournament is culled by seasoned and trusted sources.
The Film
Taylor Swift: The Eras Tour
AMC Entertainment
After Covid shut down AMC and the rest of the globe’s multiplexes and the actors strike ratcheted down the box office, you could say that the No. 1 exhibitor was taking its fate into its own hands with Taylor Swift: The Era’s Tour.
The Film
Taylor Swift: The Eras Tour
AMC Entertainment
After Covid shut down AMC and the rest of the globe’s multiplexes and the actors strike ratcheted down the box office, you could say that the No. 1 exhibitor was taking its fate into its own hands with Taylor Swift: The Era’s Tour.
- 4/30/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Top movie theater circuit AMC Entertainment offered investors a preview of its first-quarter financial results late Friday, with key metrics coming in ahead of Wall Street expectations.
The company plans to report its final quarterly numbers on May 8. Occasionally, public companies release preliminary numbers, especially those under scrutiny as AMC is during its recovery from the dual strikes of 2023. Like its peers in exhibition, the company has been hurt by a slowdown in the overall production pipeline, with total box office slumping this year on top of the painful crawl out of the long shutdowns of the pandemic.
Revenue in the quarter ended March 31 came in at $951.4 million, a shade less than the $954.4 million in the same period of 2023. Diluted losses per share were 62 cents, compared with a loss of $1.71 per share in the year-ago quarter. Wall Street analysts’ consensus calls for revenue of $861.1 million and a loss per share of 79 cents.
The company plans to report its final quarterly numbers on May 8. Occasionally, public companies release preliminary numbers, especially those under scrutiny as AMC is during its recovery from the dual strikes of 2023. Like its peers in exhibition, the company has been hurt by a slowdown in the overall production pipeline, with total box office slumping this year on top of the painful crawl out of the long shutdowns of the pandemic.
Revenue in the quarter ended March 31 came in at $951.4 million, a shade less than the $954.4 million in the same period of 2023. Diluted losses per share were 62 cents, compared with a loss of $1.71 per share in the year-ago quarter. Wall Street analysts’ consensus calls for revenue of $861.1 million and a loss per share of 79 cents.
- 4/26/2024
- by Dade Hayes
- Deadline Film + TV
Screen looks at the key take-aways from the annual exhibitors convention in Las Vegas which ran April 8-11.
Studios put corporate speculation to one side
Amid all the huff and puff about resigning Paramount Global board members and exclusive merger talks with Skydance Media, Disney CEO Bob Iger’s boardroom victory over Nelson Peltz, and whatever fate may befall David Zaslav’s Warner Bros Discovery, studio executives put on a show, having no alternative.
There was the usual talk of the value of theatrical and how distributors and theatre owners need to collaborate more closely. This is all par for...
Studios put corporate speculation to one side
Amid all the huff and puff about resigning Paramount Global board members and exclusive merger talks with Skydance Media, Disney CEO Bob Iger’s boardroom victory over Nelson Peltz, and whatever fate may befall David Zaslav’s Warner Bros Discovery, studio executives put on a show, having no alternative.
There was the usual talk of the value of theatrical and how distributors and theatre owners need to collaborate more closely. This is all par for...
- 4/13/2024
- ScreenDaily
Screen looks at the key take-aways from the annual exhibitors convention in Las Vegas which ran April 8-11.
Studios put corporate speculation to one side
Amid all the huff and puff about resigning Paramount Global board members and exclusive merger talks with Skydance Media, Disney CEO Bob Iger’s boardroom victory over Nelson Peltz, and whatever fate may befall David Zaslav’s Warner Bros Discovery, studio executives put on a show, having no alternative.
There was the usual talk of the value of theatrical and how distributors and theatre owners need to collaborate more closely. This is all par for...
Studios put corporate speculation to one side
Amid all the huff and puff about resigning Paramount Global board members and exclusive merger talks with Skydance Media, Disney CEO Bob Iger’s boardroom victory over Nelson Peltz, and whatever fate may befall David Zaslav’s Warner Bros Discovery, studio executives put on a show, having no alternative.
There was the usual talk of the value of theatrical and how distributors and theatre owners need to collaborate more closely. This is all par for...
- 4/13/2024
- ScreenDaily
Screen looks at the key take-aways from the annual exhibitors convention in Las Vegas which ran April 8-11.
Exhibitors in decent shape; AMC boss fends off bankruptcy talk
Cineworld has come through a restructure. Cinemark continues to run a tight ship. And AMC will not file for bankruptcy – or so CEO Adam Aron asserted whenever a reporter was within earshot, despite a heavy debt load and incessant speculation about the financial health of the world’s largest circuit after Covid and the Hollywood strikes.
However Drafthouse is exploring a sale, and Hollywood sources told Screen the likelihood is there will be consolidation down the line,...
Exhibitors in decent shape; AMC boss fends off bankruptcy talk
Cineworld has come through a restructure. Cinemark continues to run a tight ship. And AMC will not file for bankruptcy – or so CEO Adam Aron asserted whenever a reporter was within earshot, despite a heavy debt load and incessant speculation about the financial health of the world’s largest circuit after Covid and the Hollywood strikes.
However Drafthouse is exploring a sale, and Hollywood sources told Screen the likelihood is there will be consolidation down the line,...
- 4/13/2024
- ScreenDaily
We’re leaving Las Vegas.
CinemaCon 2024 is over — time for studios to go out and prove their pitches at the box office. Based on what we saw, or really what we didn’t see, that will be an uphill battle.
First, let’s take a moment to appreciate the folks and films that showed up. Arguably, the biggest star to attend CinemaCon was Kevin Costner. The cynical point of view? He was pitching not one but two “Horizon” films to theater owners — and simultaneously pitching third and fourth installments to Warner Bros. Plus, Costner received a trophy (the CinemaCon Visionary Award), for which WB execs shooed him offstage just to call him back up. Kinda silly. Speaking of WB execs and no-shows, if David Zaslav was in town, he didn’t come on stage.
Jeff Goldblum did, as did his fellow “Wicked” co-stars Ariana Grande, Cynthia Erivo, and Michelle Yeoh.
CinemaCon 2024 is over — time for studios to go out and prove their pitches at the box office. Based on what we saw, or really what we didn’t see, that will be an uphill battle.
First, let’s take a moment to appreciate the folks and films that showed up. Arguably, the biggest star to attend CinemaCon was Kevin Costner. The cynical point of view? He was pitching not one but two “Horizon” films to theater owners — and simultaneously pitching third and fourth installments to Warner Bros. Plus, Costner received a trophy (the CinemaCon Visionary Award), for which WB execs shooed him offstage just to call him back up. Kinda silly. Speaking of WB execs and no-shows, if David Zaslav was in town, he didn’t come on stage.
Jeff Goldblum did, as did his fellow “Wicked” co-stars Ariana Grande, Cynthia Erivo, and Michelle Yeoh.
- 4/12/2024
- by Tony Maglio and Brian Welk
- Indiewire
The trailer for Paramount’s Smile 2 came as a surprise Thursday morning during the studio’s session at CinemaCon.
Alhough not introduced, when the images first hit the screen, it was easy to assume Paramount was distributing a Lady Gaga concert movie (it truly felt that way). But as it continued, it was clear Naomi Scott was playing a pop star who encounters a number of terrorizing smiling fans and associates (including Lukas Gage) in the Parker Finn-directed and -written sequel to the $217 million-plus global grossing 2022 horror hit.
Gags were aplenty this morning from Paramount CEO Brian Robbins and Domestic Distribution President Chris Aronson, the latter who showed up dressed as a gladiator, and they continued after they dropped the trailer. Following its reveal, Aronson called out to circuit heads Sean Gamble of Cinemark, Eduardo Acuna of Regal and Adam Aron of AMC, who individually were projected on screen smiling (get the stunt?...
Alhough not introduced, when the images first hit the screen, it was easy to assume Paramount was distributing a Lady Gaga concert movie (it truly felt that way). But as it continued, it was clear Naomi Scott was playing a pop star who encounters a number of terrorizing smiling fans and associates (including Lukas Gage) in the Parker Finn-directed and -written sequel to the $217 million-plus global grossing 2022 horror hit.
Gags were aplenty this morning from Paramount CEO Brian Robbins and Domestic Distribution President Chris Aronson, the latter who showed up dressed as a gladiator, and they continued after they dropped the trailer. Following its reveal, Aronson called out to circuit heads Sean Gamble of Cinemark, Eduardo Acuna of Regal and Adam Aron of AMC, who individually were projected on screen smiling (get the stunt?...
- 4/11/2024
- by Anthony D'Alessandro
- Deadline Film + TV
AMC Entertainment chairman & CEO Adam Aron dismissed the notion that the largest exhibitor in the world will file for bankruptcy in a CinemaCon panel on Wednesday.
Amid ongoing speculation over the company’s debt load and financial prospects, Aron told ’An Industry Think Tank: 2024’ session in Palace Ballroom in Caesars Palace that he did not see a restructure on the horizon.
“Nobody got dealt a harder hand to play than AMC in Covid,” the CEO said. “For four years we’ve avoided bankruptcy and will continue to do so…. The bad side of bankruptcy is a lot of people get hurt.
Amid ongoing speculation over the company’s debt load and financial prospects, Aron told ’An Industry Think Tank: 2024’ session in Palace Ballroom in Caesars Palace that he did not see a restructure on the horizon.
“Nobody got dealt a harder hand to play than AMC in Covid,” the CEO said. “For four years we’ve avoided bankruptcy and will continue to do so…. The bad side of bankruptcy is a lot of people get hurt.
- 4/10/2024
- ScreenDaily
AMC CEO Adam Aron continued to pour cold water on any notion that his No. 1 circuit is headed for Chapter 11.
“Bankruptcy is a terrible word,” said Aron on a CinemaCon Industry Think Tank Panel which also included Bill Kramer, CEO, Academy of Motion Picture Arts & Sciences, as well as Cathleen Taff, President, Distribution, Franchise & Audience Insights, The Walt Disney Studios. The session was moderated by Puck’s Matt Belloni.
“I’m paid so that people don’t get hurt, my retail shareholders,” the CEO said, “(My job) is to find a path that they get helped and not hurt. There’ a lot of pain that comes with the bankruptcy process.”
Aron emphasized that in bankruptcy “shareholders get hurt, employees get hurt, communities get hurt, and my job is that I have a fiduciary obligation that these constituencies don’t get hurt.”
One issue discussed is whether the domestic box office...
“Bankruptcy is a terrible word,” said Aron on a CinemaCon Industry Think Tank Panel which also included Bill Kramer, CEO, Academy of Motion Picture Arts & Sciences, as well as Cathleen Taff, President, Distribution, Franchise & Audience Insights, The Walt Disney Studios. The session was moderated by Puck’s Matt Belloni.
“I’m paid so that people don’t get hurt, my retail shareholders,” the CEO said, “(My job) is to find a path that they get helped and not hurt. There’ a lot of pain that comes with the bankruptcy process.”
Aron emphasized that in bankruptcy “shareholders get hurt, employees get hurt, communities get hurt, and my job is that I have a fiduciary obligation that these constituencies don’t get hurt.”
One issue discussed is whether the domestic box office...
- 4/10/2024
- by Anthony D'Alessandro
- Deadline Film + TV
Adam Aron, as always, remains unruffled by widespread talk of AMC Theatres’ financial woes.
At CinemaCon, the annual gathering of exhibitors and Hollywood studios that’s underway in Las Vegas this week, there’s loads of chatter as to the financial health and future of the world’s largest theater circuit, and whether a restructuring is in the offing. According to Aron, who sat down with The Hollywood Reporter on Tuesday, the answer is an emphatic “No.”
“Personally, I think it’s inconceivable that AMC would have to restructure like Regal Cinemas did and file for Chapter 11. One of the things I’m very proud of is that going into the pandemic, AMC was in very strong position. We are the biggest and best movie theater chain in the world. Somehow all of us on this planet got handed Covid as something to deal with. And the movie theater industry...
At CinemaCon, the annual gathering of exhibitors and Hollywood studios that’s underway in Las Vegas this week, there’s loads of chatter as to the financial health and future of the world’s largest theater circuit, and whether a restructuring is in the offing. According to Aron, who sat down with The Hollywood Reporter on Tuesday, the answer is an emphatic “No.”
“Personally, I think it’s inconceivable that AMC would have to restructure like Regal Cinemas did and file for Chapter 11. One of the things I’m very proud of is that going into the pandemic, AMC was in very strong position. We are the biggest and best movie theater chain in the world. Somehow all of us on this planet got handed Covid as something to deal with. And the movie theater industry...
- 4/10/2024
- by Pamela McClintock
- The Hollywood Reporter - Movie News
What happens in Vegas… fuels a year’s worth of hope for theatrical exhibitors.
From April 8-11, Warner Bros., Lionsgate, Universal, Paramount, and Disney — not to mention the faith-friendly Angel Studios and anime distributor Crunchyroll — have four days at CinemaCon to wow theater owners (and the press) with their plans for the summer blockbuster season and beyond. However, there are only so many times that NATO, the MPA, and the studios can say “movie theaters are back!” without sounding like Chicken Little.
The reality is 2024 will be lucky to match the levels of last year, and 2025 has its own challenges if the industry faces another round of strikes. Even so, Adam Aron’s hundreds of soldier-owners from his AMC army will be looking to him for reassurance at the world’s biggest exhibition pep rally.
Beyond the potential shock and awe of movie previews, messaging that could carry firepower as...
From April 8-11, Warner Bros., Lionsgate, Universal, Paramount, and Disney — not to mention the faith-friendly Angel Studios and anime distributor Crunchyroll — have four days at CinemaCon to wow theater owners (and the press) with their plans for the summer blockbuster season and beyond. However, there are only so many times that NATO, the MPA, and the studios can say “movie theaters are back!” without sounding like Chicken Little.
The reality is 2024 will be lucky to match the levels of last year, and 2025 has its own challenges if the industry faces another round of strikes. Even so, Adam Aron’s hundreds of soldier-owners from his AMC army will be looking to him for reassurance at the world’s biggest exhibition pep rally.
Beyond the potential shock and awe of movie previews, messaging that could carry firepower as...
- 4/8/2024
- by Tony Maglio and Brian Welk
- Indiewire
With hits like Dune: Part Two, Godzilla x Kong: The New Empire and Kung Fu Panda 4, the domestic box office may finally be shaking off the ashes from the double strikes, now counting close to $1.8 billion, with moviegoing gaining momentum.
We told you quite early — at last year’s CinemaCon — that the strike clouds were bound to send a monsoon across the business, and indeed they did.
But despite the theatrical business’ increasingly robust expectations for late summer and beyond — many peg Marvel Studios/Disney’s Deadpool & Wolverine as the breaking of the dam — things have felt a bit touch and go, and there’s been much chatter that exhibition is set for a reckoning; that mid-level exhibitors are bound to fold into each other, and even that the No. 1 circuit AMC Entertainment, which is saddled with about $4.8 billion in debt, is bound for bankruptcy.
Not so — or not...
We told you quite early — at last year’s CinemaCon — that the strike clouds were bound to send a monsoon across the business, and indeed they did.
But despite the theatrical business’ increasingly robust expectations for late summer and beyond — many peg Marvel Studios/Disney’s Deadpool & Wolverine as the breaking of the dam — things have felt a bit touch and go, and there’s been much chatter that exhibition is set for a reckoning; that mid-level exhibitors are bound to fold into each other, and even that the No. 1 circuit AMC Entertainment, which is saddled with about $4.8 billion in debt, is bound for bankruptcy.
Not so — or not...
- 4/7/2024
- by Jill Goldsmith, Anthony D'Alessandro and Nancy Tartaglione
- Deadline Film + TV
AMC Entertainment chief executive Adam Aron saw a 2023 compensation package of $25.4 million — up from $23.7 million a year ago – inflated by stock awards worth $17.9 million along with a cash bonus of $6 million bonus and a $1.5 million base salary.
In a proxy statement filed with the SEC, the compensation committee of the world’s biggest exhibitor cited progress on several fronts last year in a challenging climate for theatrical as Hollywood strikes interrupted a nascent post-Covid recovery.
However, shares have tanked from their meme-stock highs and there’s been some pushback on CEO pay at AMC (and other entertainment companies). Aron was quick to turn to X, formerly Twitter, noting that the number is not what it seems.
“Our draft proxy shows I was awarded AMC stock in 2023 (that I can not sell any time soon) valued using SEC required methodology at $17.9 million. At yesterday’s closing share price, it is actually...
In a proxy statement filed with the SEC, the compensation committee of the world’s biggest exhibitor cited progress on several fronts last year in a challenging climate for theatrical as Hollywood strikes interrupted a nascent post-Covid recovery.
However, shares have tanked from their meme-stock highs and there’s been some pushback on CEO pay at AMC (and other entertainment companies). Aron was quick to turn to X, formerly Twitter, noting that the number is not what it seems.
“Our draft proxy shows I was awarded AMC stock in 2023 (that I can not sell any time soon) valued using SEC required methodology at $17.9 million. At yesterday’s closing share price, it is actually...
- 4/6/2024
- by Jill Goldsmith
- Deadline Film + TV
AMC Theatres CEO Adam Aron received compensation of $25.4 million in 2023, up from $23.7 million in 2022 and $18.9 million in 2021, according to the cinema giant’s proxy statement filed with the Securities and Exchange Commission.
That included a base salary of $1.5 million, stock awards of $17.9 million and non-equity incentive plan compensation of $6 million.
In early 2021, AMC became a popular stock among “meme” traders after the company appeared close to bankruptcy amid the pandemic fallout at movie theater chains.
The stock surge helped the company strengthen its financial position and diversify its revenue streams — the latest initiative is starting to sell branded microwave and ready-to-eat movie popcorn varieties, initially at Walmart.
Aron’s base salary was $1.5 million in 2023, flat from $1.5 million in 2022 and from $1.45 million a year earlier. He took home a bonus of $5 million in 2020, but received no bonus during the last two years.
The SEC filing also revealed that CFO Sean Goodman...
That included a base salary of $1.5 million, stock awards of $17.9 million and non-equity incentive plan compensation of $6 million.
In early 2021, AMC became a popular stock among “meme” traders after the company appeared close to bankruptcy amid the pandemic fallout at movie theater chains.
The stock surge helped the company strengthen its financial position and diversify its revenue streams — the latest initiative is starting to sell branded microwave and ready-to-eat movie popcorn varieties, initially at Walmart.
Aron’s base salary was $1.5 million in 2023, flat from $1.5 million in 2022 and from $1.45 million a year earlier. He took home a bonus of $5 million in 2020, but received no bonus during the last two years.
The SEC filing also revealed that CFO Sean Goodman...
- 4/5/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
April will not be a good look for domestic box office. We know it can’t possibly compete with 2023, which saw “The Super Mario Bros. Movie” take the month to $900 million, but even a shortfall of 25 percent would be great news.
Two days after AMC Theatre head Adam Aron wished his X followers a happy Easter with the promise that the box office would also rise, his stock price hit a new annual low. Aron’s upbeat messaging aside, the apparent vote of no confidence stemmed from AMC’s announcement that it may sell yet more stock to raise cash.
Happy Easter everyone.
My good news on this Easter Sunday is that in March, the domestic industry box office finally turned upwards. The best March in five years.
This is so encouraging in looking at the movie slate deeper into 2024. Many superb movies are coming. pic.twitter.com/sbhlgiCKlr
— Adam...
Two days after AMC Theatre head Adam Aron wished his X followers a happy Easter with the promise that the box office would also rise, his stock price hit a new annual low. Aron’s upbeat messaging aside, the apparent vote of no confidence stemmed from AMC’s announcement that it may sell yet more stock to raise cash.
Happy Easter everyone.
My good news on this Easter Sunday is that in March, the domestic industry box office finally turned upwards. The best March in five years.
This is so encouraging in looking at the movie slate deeper into 2024. Many superb movies are coming. pic.twitter.com/sbhlgiCKlr
— Adam...
- 4/3/2024
- by Tom Brueggemann
- Indiewire
Updated with closing stock price: AMC Entertainment shares fell more than 14% Thursday to close at $3.72 on jitters over the company’s financial health. The nation’s biggest theater chain said early in the day it might sell up to $250 million-worth of stock, citing a low first-quarter box office. Shares were down more than 16% before the opening bell.
The company said in an SEC filing it intends to use the net proceeds, if any, from the sale “to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness and for general corporate purposes.”
Reasons for the offering, it said, are to enhance “liquidity in light of the low first quarter box office, resulting in part as previously disclosed from” Hollywood strikes last year, as well as “increased seasonal working capital requirements, and the resulting cash burn the Company has experienced.”
AMC’s...
The company said in an SEC filing it intends to use the net proceeds, if any, from the sale “to bolster liquidity, to repay, refinance, redeem or repurchase its existing indebtedness and for general corporate purposes.”
Reasons for the offering, it said, are to enhance “liquidity in light of the low first quarter box office, resulting in part as previously disclosed from” Hollywood strikes last year, as well as “increased seasonal working capital requirements, and the resulting cash burn the Company has experienced.”
AMC’s...
- 3/28/2024
- by Jill Goldsmith
- Deadline Film + TV
Nicole Kidman’s dramatic AMC Theaters advertisement from 2021 is the gift that keeps on giving. It was parodied on Saturday Night Live and now Olivia Rodrigo has shot her own version.
In a new TikTok video filmed at her recent Montreal concert, Rodrigo recreated the iconic ad using Kidman’s audio. She shot the clip from different angles just like the original and brought her own massive bag of popcorn, all while wearing a homemade shirt with the line, “We come to this place for magic.”
Kidman reposted the video on her own Instagram stories,...
In a new TikTok video filmed at her recent Montreal concert, Rodrigo recreated the iconic ad using Kidman’s audio. She shot the clip from different angles just like the original and brought her own massive bag of popcorn, all while wearing a homemade shirt with the line, “We come to this place for magic.”
Kidman reposted the video on her own Instagram stories,...
- 3/28/2024
- by Emily Zemler
- Rollingstone.com
Nicole Kidman is well aware of all the spoofs her viral AMC commercial generated and now has an idea to perform it live.
The actress starred in the September 2021 AMC advertisement, which reminded people of the unique experience of watching a film in the theater following the pandemic. Kidman knows about the recent trend of drag queens spoofing the commercials and is ready to perform the monologue live.
“My dream will be to be onstage doing it with a drag queen,” she said in an interview with Elle. “I’ve got to be able to do that at some point.”
Kidman recalled filming the ad while filming Being the Ricardos and why she felt the need to do it after AMC Theatres CEO Adam Aron offered her the task.
“It was just the desire to keep cinemas alive,” she said. “I’ve had the best experiences in cinema. I’d...
The actress starred in the September 2021 AMC advertisement, which reminded people of the unique experience of watching a film in the theater following the pandemic. Kidman knows about the recent trend of drag queens spoofing the commercials and is ready to perform the monologue live.
“My dream will be to be onstage doing it with a drag queen,” she said in an interview with Elle. “I’ve got to be able to do that at some point.”
Kidman recalled filming the ad while filming Being the Ricardos and why she felt the need to do it after AMC Theatres CEO Adam Aron offered her the task.
“It was just the desire to keep cinemas alive,” she said. “I’ve had the best experiences in cinema. I’d...
- 3/20/2024
- by Armando Tinoco
- Deadline Film + TV
Aquaman’s mom Nicole Kidman is a superhero of cinemas, thanks to her enduringly viral AMC ads.
The Oscar winner starred in an infamous 2021 campaign for the largest U.S. theater chain — new versions of the ad are currently rolling out. In a recent cover story for Elle, Kidman spoke about her newfound commercial calling as a way to save theaters from extinction.
“It was just the desire to keep cinemas alive,” Kidman said. “I’ve had the best experiences in cinema. I’d pretend I was going to school; I’d forge a note, and I’d go and sit in a movie theater. That’s a safe haven for me, so the idea of those not existing — that’s just not part of the equation in my lifetime.”
Kidman continued, “If that’s what it takes, I’ll do whatever it takes. We have to have some more ideas for the next one.
The Oscar winner starred in an infamous 2021 campaign for the largest U.S. theater chain — new versions of the ad are currently rolling out. In a recent cover story for Elle, Kidman spoke about her newfound commercial calling as a way to save theaters from extinction.
“It was just the desire to keep cinemas alive,” Kidman said. “I’ve had the best experiences in cinema. I’d pretend I was going to school; I’d forge a note, and I’d go and sit in a movie theater. That’s a safe haven for me, so the idea of those not existing — that’s just not part of the equation in my lifetime.”
Kidman continued, “If that’s what it takes, I’ll do whatever it takes. We have to have some more ideas for the next one.
- 3/19/2024
- by Samantha Bergeson
- Indiewire
Desperate times at the box office call for some desperate measures, and AMC always has some trick it has up its sleeve to lure new audiences into movie theaters. (Or simply to build revenue — remember the gold mine that wasn’t quite a gold mine? The retail-investment community on Reddit sure does.)
But AMC Entertainment has been in rare form this week, even for CEO Adam Aron.
On Friday, AMC announced a partnership with Blumhouse for a new film festival they’re calling “Halfway to Halloween.” Tickets went on sale today for a five-day run of different Blumhouse films starting on March 29. Tickets are just $8 (per film), and you can see M. Night Shyamalan’s “Split,” the original “The Purge,” “Ouija: Origin of Evil,” “Insidious,” and “The Invisible Man” all on the big screen.
Granted, there’s no bad time to do a horror-movie marathon, but it’s a bit...
But AMC Entertainment has been in rare form this week, even for CEO Adam Aron.
On Friday, AMC announced a partnership with Blumhouse for a new film festival they’re calling “Halfway to Halloween.” Tickets went on sale today for a five-day run of different Blumhouse films starting on March 29. Tickets are just $8 (per film), and you can see M. Night Shyamalan’s “Split,” the original “The Purge,” “Ouija: Origin of Evil,” “Insidious,” and “The Invisible Man” all on the big screen.
Granted, there’s no bad time to do a horror-movie marathon, but it’s a bit...
- 3/15/2024
- by Brian Welk
- Indiewire
Exclusive: Sound of Freedom distributor Angel Studios says it distributed more than its planned outlay of “pay-it-forward” tickets to the summer 2023 blockbuster.
In a set of financials provided to Deadline, the company said customers paid $26,075,511 toward the “pay-it-forward” pool of tickets, which allotted $15 per person. Customers expected the company to give out at least 1,738,367 tickets, but in the end officials say they distributed 1,827,634 tickets, or 105% of the initial commitment.
With Jim Caviezel starring as real-life anti-child-trafficking activist Tim Ballard, the film became a left-field box office smash last summer, outdoing mega-budget Hollywood titles like Indiana Jones and the Dial of Destiny. Its global cume was $249.5 million, including $184.2 million in North America.
Angel CEO Neal Harmon spoke to Deadline about the company’s origins and financial model. He shared statistics about Sound of Freedom during the course of that conversation. (See full financials below.)
In addition to off-screen controversy about Ballard...
In a set of financials provided to Deadline, the company said customers paid $26,075,511 toward the “pay-it-forward” pool of tickets, which allotted $15 per person. Customers expected the company to give out at least 1,738,367 tickets, but in the end officials say they distributed 1,827,634 tickets, or 105% of the initial commitment.
With Jim Caviezel starring as real-life anti-child-trafficking activist Tim Ballard, the film became a left-field box office smash last summer, outdoing mega-budget Hollywood titles like Indiana Jones and the Dial of Destiny. Its global cume was $249.5 million, including $184.2 million in North America.
Angel CEO Neal Harmon spoke to Deadline about the company’s origins and financial model. He shared statistics about Sound of Freedom during the course of that conversation. (See full financials below.)
In addition to off-screen controversy about Ballard...
- 3/4/2024
- by Dade Hayes
- Deadline Film + TV
There’s a Kickstarter campaign to produce the first-ever line of action figures for the acclaimed sci-fi series, The Expanse.
“By backing this campaign on Kickstarter, fans can collect seven of the bravest and most beloved characters of The Expanse (as well as one Very intimidating Protomolecular hybrid). These eight figures have been painstakingly designed and crafted with impeccable detail, from the boots to the bottles of liquor.”
Find out more at Kickstarter
It turns out 2024 is filled with turmoil, if the Star Trek historical timeline is to be believed. Buckle up!
“A lot—a lot—happens historically in Star Trek’s 2024, crucially important events that go on to not just shape Earth as it is in the early 21st century, but form foundational pillars for the contemporary Star Trek timeline. It’s a year we’ve heard about, and visited, multiple times across several Trek shows. So what’s exactly wild about it?...
“By backing this campaign on Kickstarter, fans can collect seven of the bravest and most beloved characters of The Expanse (as well as one Very intimidating Protomolecular hybrid). These eight figures have been painstakingly designed and crafted with impeccable detail, from the boots to the bottles of liquor.”
Find out more at Kickstarter
It turns out 2024 is filled with turmoil, if the Star Trek historical timeline is to be believed. Buckle up!
“A lot—a lot—happens historically in Star Trek’s 2024, crucially important events that go on to not just shape Earth as it is in the early 21st century, but form foundational pillars for the contemporary Star Trek timeline. It’s a year we’ve heard about, and visited, multiple times across several Trek shows. So what’s exactly wild about it?...
- 3/1/2024
- by Michael Ahr
- Den of Geek
Exhibition giant AMC Theatres is adding more financial expertise to its board as it continues to address debt challenges, saying that it has elected former Redbox CFO Sonia Jain to its board of directors, effective Friday.
She will serve as a member of the audit committee of the board. “Jain brings to the board extensive financial and accounting experience, including as a chief financial officer of a publicly traded company,” the cinema giant said. “Jain currently serves as CFO of Cars.com Inc., where she has worked since October 2022, and a position she also held from July 2020 to April 2022.”
She also served as CFO of Convoy from April to September 2022. Prior to her first tenure at Cars.com, Jain was CFO of Redbox Automated Retail from September 2016 to June 2020.
AMC chairman and CEO Adam Aron said about Jain: “She brings a long-standing tenure of success as a CFO, and her...
She will serve as a member of the audit committee of the board. “Jain brings to the board extensive financial and accounting experience, including as a chief financial officer of a publicly traded company,” the cinema giant said. “Jain currently serves as CFO of Cars.com Inc., where she has worked since October 2022, and a position she also held from July 2020 to April 2022.”
She also served as CFO of Convoy from April to September 2022. Prior to her first tenure at Cars.com, Jain was CFO of Redbox Automated Retail from September 2016 to June 2020.
AMC chairman and CEO Adam Aron said about Jain: “She brings a long-standing tenure of success as a CFO, and her...
- 3/1/2024
- by Georg Szalai
- The Hollywood Reporter - Movie News
Say goodbye to “heartbreak feels good in a place like this.”
Nicole Kidman‘s iconic commercial for AMC Theatres is going to be replaced by three new 30-second spots that will be played on a rotating basis.
AMC Theatres CEO Adam Aron is speaking out about what fans can expect.
Keep reading to find out more…
“We’re going to show three different reels on a rotating basis starting on March 1,” Aron told TheWrap. “You’ll see a different reel just before the movie begins.”
The new ads are arriving just in time for the release of Dune: Part Two, which is expected to be one of the biggest movies of the year.
Nicole signed a deal to remain as the AMC spokesperson back in August 2022, so we’ve been waiting a while for this new ad to premiere.
Nicole Kidman‘s iconic commercial for AMC Theatres is going to be replaced by three new 30-second spots that will be played on a rotating basis.
AMC Theatres CEO Adam Aron is speaking out about what fans can expect.
Keep reading to find out more…
“We’re going to show three different reels on a rotating basis starting on March 1,” Aron told TheWrap. “You’ll see a different reel just before the movie begins.”
The new ads are arriving just in time for the release of Dune: Part Two, which is expected to be one of the biggest movies of the year.
Nicole signed a deal to remain as the AMC spokesperson back in August 2022, so we’ve been waiting a while for this new ad to premiere.
- 3/1/2024
- by Just Jared
- Just Jared
Taylor Swift and Beyoncé not only helped AMC Theatres weather a slow holiday movie season, the singers’ AMC-exclusive concert films actually propelled the multiplex chain to exceed expectations.
In an earnings call with investors Thursday — where news of more Nicole Kidman ads was also announced — AMC CEO Adam Aron revealed that an otherwise moribund fourth quarter was resuscitated by Taylor Swift: The Eras Tour and Renaissance: A Film By Beyoncé, as those two movies powered the company to $1.1 billion over that 2023 quarter, an increase of more than $990 million from...
In an earnings call with investors Thursday — where news of more Nicole Kidman ads was also announced — AMC CEO Adam Aron revealed that an otherwise moribund fourth quarter was resuscitated by Taylor Swift: The Eras Tour and Renaissance: A Film By Beyoncé, as those two movies powered the company to $1.1 billion over that 2023 quarter, an increase of more than $990 million from...
- 2/29/2024
- by Daniel Kreps
- Rollingstone.com
Nicole Kidman is set to reprise one of her most iconic roles this spring when she returns for three more ads lobbying moviegoers to return to multiplexes, specifically those owned by AMC Theatres.
The original “We Make Movies Better” ad starring Kidman first screened in the fall of 2021 as a means to shepherd audiences back into theaters amid the Covid pandemic and the outbreak of home streaming.
The reported $25 million ad — though widely spoofed, including on Saturday Night Live — was ultimately successful, taking on “a cult-like nature, and became part of the American zeitgeist,...
The original “We Make Movies Better” ad starring Kidman first screened in the fall of 2021 as a means to shepherd audiences back into theaters amid the Covid pandemic and the outbreak of home streaming.
The reported $25 million ad — though widely spoofed, including on Saturday Night Live — was ultimately successful, taking on “a cult-like nature, and became part of the American zeitgeist,...
- 2/29/2024
- by Daniel Kreps
- Rollingstone.com
AMC lost money in the final quarter of 2023, though not as much as Wall Street anticipated — thank goodness for Taylor Swift! Still, time to break glass and bring back Nicole Kidman.
The AMC Theatres “We Make Movies Better” ad campaign first launched in the fall of 2021. Unlike nearly every other commercial ever, Kidman’s went viral. They came to YouTube for magic.
On Wednesday, February 28, AMC Entertainment chief Adam Aron said three “30-second versions of the highly acclaimed original pre-show advertisement will make their theatrical debut” in March. The first version begins on Friday, March 1, he continued, adding that AMC “will rotate in a few new versions in the coming months on a rotating basis.”
So these aren’t really new spots, just new versions of the original one. The “We Make Movies Better” theme remains, as does the point: AMC Theatres has the best tech and amenities.
Here’s...
The AMC Theatres “We Make Movies Better” ad campaign first launched in the fall of 2021. Unlike nearly every other commercial ever, Kidman’s went viral. They came to YouTube for magic.
On Wednesday, February 28, AMC Entertainment chief Adam Aron said three “30-second versions of the highly acclaimed original pre-show advertisement will make their theatrical debut” in March. The first version begins on Friday, March 1, he continued, adding that AMC “will rotate in a few new versions in the coming months on a rotating basis.”
So these aren’t really new spots, just new versions of the original one. The “We Make Movies Better” theme remains, as does the point: AMC Theatres has the best tech and amenities.
Here’s...
- 2/29/2024
- by Tony Maglio
- Indiewire
AMC Entertainment’s much talked about preshow commercial starring an earnest Nicole Kidman in a glittery pantsuit will have three new iterations, CEO Adam Aron said today, as the exhibitor plans to start rotating a trio of 30-second spots in theaters nationwide on March 1.
That campaign “took on like a cult-like nature, and became part of the American zeitgeist,” Aron said on a call after quarterly earnings. He’s not wrong, it was even spoofed on SNL.
“For the first time in four years, starting in a couple of days, we are putting up a new preshow on the screen [and] we’re moving into phase two of the Nicole Kidman campaign. For the last three years, we’ve got a 60-second commercial, the same one, that’s appeared over and over, before every movie starts”.
So, moving on from “We come to this place for magic,” starting March 1, AMC is...
That campaign “took on like a cult-like nature, and became part of the American zeitgeist,” Aron said on a call after quarterly earnings. He’s not wrong, it was even spoofed on SNL.
“For the first time in four years, starting in a couple of days, we are putting up a new preshow on the screen [and] we’re moving into phase two of the Nicole Kidman campaign. For the last three years, we’ve got a 60-second commercial, the same one, that’s appeared over and over, before every movie starts”.
So, moving on from “We come to this place for magic,” starting March 1, AMC is...
- 2/29/2024
- by Jill Goldsmith
- Deadline Film + TV
Adam Aron and the AMC Entertainment board have agreed to reduce the CEO’s target compensation by 25% this year, he said, as he’s bombarded with hostility by the theater chain’s large group of retail shareholders angry at the sinking stock. It means the target amount that he’d be eligible for would be lower.
Aron didn’t give details. His 2022 compensation totaled $23.7 million, including a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million. Pay for 2023 will come out in spring proxy statements. In late 2022, he had asked the board to freeze his compensation for 2023.
“There is no anguish in my voice about that. That is what a CEO of a company like yours should do,” he said on a call after earnings, noting that he’s the company’s single biggest individual shareholder. “I mean it when I say I ride with you.
Aron didn’t give details. His 2022 compensation totaled $23.7 million, including a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million. Pay for 2023 will come out in spring proxy statements. In late 2022, he had asked the board to freeze his compensation for 2023.
“There is no anguish in my voice about that. That is what a CEO of a company like yours should do,” he said on a call after earnings, noting that he’s the company’s single biggest individual shareholder. “I mean it when I say I ride with you.
- 2/28/2024
- by Jill Goldsmith
- Deadline Film + TV
AMC CEO Adam Aron can’t thank Taylor Swift and Beyoncé enough.
AMC Entertainment reported its Q4 earnings on Wednesday, February 28, with the theater chain seeing revenue growth of double digits in the quarter. Aron credited all of that growth — “literally, all of it,” Aron stressed — to AMC itself distributing both “Taylor Swift: The Eras Tour” and “Renaissance: A Film By Beyoncé.” It did this despite box office being down on the whole across the industry in the fourth quarter of the year.
“These two movies added greatly to movie theatre ticket sales across our entire industry, as just these two films represented fully one ninth of the complete fourth quarter domestic industry-wide box office,” Aron said in a statement. “This is a stunning result given that neither of these films were on anyone’s drawing board until mid-year, and that they were the first movies ever distributed by AMC in our entire 103-year history.
AMC Entertainment reported its Q4 earnings on Wednesday, February 28, with the theater chain seeing revenue growth of double digits in the quarter. Aron credited all of that growth — “literally, all of it,” Aron stressed — to AMC itself distributing both “Taylor Swift: The Eras Tour” and “Renaissance: A Film By Beyoncé.” It did this despite box office being down on the whole across the industry in the fourth quarter of the year.
“These two movies added greatly to movie theatre ticket sales across our entire industry, as just these two films represented fully one ninth of the complete fourth quarter domestic industry-wide box office,” Aron said in a statement. “This is a stunning result given that neither of these films were on anyone’s drawing board until mid-year, and that they were the first movies ever distributed by AMC in our entire 103-year history.
- 2/28/2024
- by Brian Welk
- Indiewire
AMC Entertainment posted strong fourth quarter numbers buoyed by Taylor Swift and Beyoncé Concert Films.
The giant theater chain saw revenue jump 11% to $1.1 billion, beating Wall Street’s forecasts. Ebitda triped to $45 millioun and net losses narrowed.
“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift | The Eras Tour and Renaissance: A Film By Beyoncé,” said CEO Adam Aron.
Noting a diminished box office overall in the fourth quarter year on year, he said, “Literally, all of that increase in AMC’s Revenue and Ebitda is attributable to our having shown these two movies in our theatres in the U.S. and internationally.”
The films also enhanced movie theater ticket sales across the entire industry, he said, repping fully “one ninth” of fourth-quarter domestic industry-wide box office.
“This is a stunning result given...
The giant theater chain saw revenue jump 11% to $1.1 billion, beating Wall Street’s forecasts. Ebitda triped to $45 millioun and net losses narrowed.
“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift | The Eras Tour and Renaissance: A Film By Beyoncé,” said CEO Adam Aron.
Noting a diminished box office overall in the fourth quarter year on year, he said, “Literally, all of that increase in AMC’s Revenue and Ebitda is attributable to our having shown these two movies in our theatres in the U.S. and internationally.”
The films also enhanced movie theater ticket sales across the entire industry, he said, repping fully “one ninth” of fourth-quarter domestic industry-wide box office.
“This is a stunning result given...
- 2/28/2024
- by Jill Goldsmith
- Deadline Film + TV
AMC Theatres beat Wall Street expectations, reporting fourth-quarter revenue of $1.10 billion, up from $990.9 million in 2022 and a net loss of $182 million, compared to a net loss of $287.7 million in 2022.
For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net loss improved to $396.6 million, up $577 million from a year earlier.
AMC Theater CEO Adam Aron said that “literally all” of the increase in revenue in the fourth quarter was driven by Taylor Swift and Beyoncé. Total attendance in the fourth-quarter grew to 51.9 million, up 4.7 percent from a year ago.
“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift: The Eras Tour and Renaissance: A Film By Beyoncé,” Aron wrote in the press release. “Despite a diminished box office overall, in the fourth quarter compared to the same quarter a year ago,...
For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net loss improved to $396.6 million, up $577 million from a year earlier.
AMC Theater CEO Adam Aron said that “literally all” of the increase in revenue in the fourth quarter was driven by Taylor Swift and Beyoncé. Total attendance in the fourth-quarter grew to 51.9 million, up 4.7 percent from a year ago.
“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift: The Eras Tour and Renaissance: A Film By Beyoncé,” Aron wrote in the press release. “Despite a diminished box office overall, in the fourth quarter compared to the same quarter a year ago,...
- 2/28/2024
- by Caitlin Huston
- The Hollywood Reporter - Movie News
After seeing a movie in a theater, most of us will dump our cardboard popcorn bucket — greased with butter, some leftovers rattling around the bottom — in a trash bin. But over the last few years, some moviegoers have developed a passion for limited-edition plastic or tin buckets commemorating the film they’re seeing, objects they’re meant to take home and keep forever.
The most recent (and extremely viral) example is the sandworm bucket tie-in for the sci-fi epic Dune: Part Two, which has inspired a raft of jokes and...
The most recent (and extremely viral) example is the sandworm bucket tie-in for the sci-fi epic Dune: Part Two, which has inspired a raft of jokes and...
- 2/27/2024
- by Miles Klee
- Rollingstone.com
Minutes after the first trailer for his superhero pic Deadpool & Wolverine dropped during the Super Bowl, Ryan Reynolds tweeted about popcorn, of all things. “Wait til you see the Deadpool popcorn bucket,” he wrote. An eternal jester, he no doubt was responding to the social media frenzy over a new Dune in-theater sandworm popcorn container that’s being riffed for looking like a sex toy (it even was the subject of a Saturday Night Live skit).
But Reynolds also sees dollar signs for struggling theater owners. With little fanfare, elaborate popcorn containers — known as “vessels” in industry speak — have become a lucrative side business for cinemas, third-party vendors and Hollywood studios, the latter of which receives licensing fees.
Sandworms apparently have an appetite for popcorn, judging by the vessel ($24.99 from AMC) that caused a spicy social media response and is supporting both the current reissue of Dune (2021) and the sequel’s March 1 release.
But Reynolds also sees dollar signs for struggling theater owners. With little fanfare, elaborate popcorn containers — known as “vessels” in industry speak — have become a lucrative side business for cinemas, third-party vendors and Hollywood studios, the latter of which receives licensing fees.
Sandworms apparently have an appetite for popcorn, judging by the vessel ($24.99 from AMC) that caused a spicy social media response and is supporting both the current reissue of Dune (2021) and the sequel’s March 1 release.
- 2/13/2024
- by Pamela McClintock and Ryan Gajewski
- The Hollywood Reporter - Movie News
You win some and you lose some — even if you are Taylor Swift.
Just as the pop superstar singer was arriving on the red carpet at Sunday’s Golden Globes ceremony in Beverly Hills, AMC Theatres announced that her concert film The Eras Tour passed up Michael Jackson’s 2009 posthumous This Is It at the global box office to become the top-grossing concert and documentary film of all time, not adjusted for inflation.
Swift was at the Globes in support of her Eras Tour, which was among the movies nominated for the first-ever award for best cinematic and box office achievement. The rules of the category require that a film can only be eligible if has earned at least $150 million at the worldwide box office, including $100 million or more in North America. Greta Gerwig’s Barbie — likewise a female-fueled film — was the inaugural winner.
According to AMC, The Eras Tour...
Just as the pop superstar singer was arriving on the red carpet at Sunday’s Golden Globes ceremony in Beverly Hills, AMC Theatres announced that her concert film The Eras Tour passed up Michael Jackson’s 2009 posthumous This Is It at the global box office to become the top-grossing concert and documentary film of all time, not adjusted for inflation.
Swift was at the Globes in support of her Eras Tour, which was among the movies nominated for the first-ever award for best cinematic and box office achievement. The rules of the category require that a film can only be eligible if has earned at least $150 million at the worldwide box office, including $100 million or more in North America. Greta Gerwig’s Barbie — likewise a female-fueled film — was the inaugural winner.
According to AMC, The Eras Tour...
- 1/8/2024
- by Pamela McClintock
- The Hollywood Reporter - Movie News
Taylor Swift is starting off 2024 with yet another historic milestone under her belt.
Following the release of “Taylor Swift: The Eras Tour” to United States theaters on October 13, Swift’s movie is officially the highest-grossing film in box office history among concert and documentary films with more than $261.6 million earned globally. The feat comes a week after “The Eras Tour” opened in China, with a tally of $8.7 million following its debut on December 31.
Among concert films, “The Eras Tour” becomes the highest-grossing ever, unseating previous record holder “Michael Jackson’s This Is It,” which opened in 2009 and grossed $261.2 million at the global box office.
Of course, much of the total gross can be attributed to its record-breaking opening weekend. Upon release in October, “The Eras Tour” made $92.8 million in North America and $30.7 million internationally for a cumulative total of $123.5 million, making it the biggest start of all time for a concert film.
Following the release of “Taylor Swift: The Eras Tour” to United States theaters on October 13, Swift’s movie is officially the highest-grossing film in box office history among concert and documentary films with more than $261.6 million earned globally. The feat comes a week after “The Eras Tour” opened in China, with a tally of $8.7 million following its debut on December 31.
Among concert films, “The Eras Tour” becomes the highest-grossing ever, unseating previous record holder “Michael Jackson’s This Is It,” which opened in 2009 and grossed $261.2 million at the global box office.
Of course, much of the total gross can be attributed to its record-breaking opening weekend. Upon release in October, “The Eras Tour” made $92.8 million in North America and $30.7 million internationally for a cumulative total of $123.5 million, making it the biggest start of all time for a concert film.
- 1/8/2024
- by Steven J. Horowitz
- Variety Film + TV
Releasing three tentpole movies into December, Warner Bros is walking away with bragging rights to giving the holiday season an important boost – particularly given the absence of an Avatar or a Spider-Man as in recent years.
In total, WB’s three titles on release have grossed $700 million since Wonka first began offshore rollout on December 6. After that, the studio launched Aquaman and the Lost Kingdom worldwide and The Color Purple domestically. The combined split on those is $277M for North America and $423M at the international box office.
Said Adam Aron, Chairman & CEO of AMC Entertainment, on Sunday: “I really want to salute David Zaslav and Warner Bros for its courageous decision to hold its Christmas movie slate intact. The entire movie ecosystem needs for Hollywood’s major studios to continue to release movies theatrically in significant quantity, so that we all can survive and thrive. And when studios do,...
In total, WB’s three titles on release have grossed $700 million since Wonka first began offshore rollout on December 6. After that, the studio launched Aquaman and the Lost Kingdom worldwide and The Color Purple domestically. The combined split on those is $277M for North America and $423M at the international box office.
Said Adam Aron, Chairman & CEO of AMC Entertainment, on Sunday: “I really want to salute David Zaslav and Warner Bros for its courageous decision to hold its Christmas movie slate intact. The entire movie ecosystem needs for Hollywood’s major studios to continue to release movies theatrically in significant quantity, so that we all can survive and thrive. And when studios do,...
- 12/31/2023
- by Nancy Tartaglione
- Deadline Film + TV
“Ain’t gonna let nobody make me take my chair home. God made me. I belong here. I got a right to a seating’s the place. The only time you can take my chair is when I die and go to heaven. Until then I’m fighting.”
That was Rev. Dr. William Barber at a press conference today speaking about the incident where he was asked to leave the AMC Fire Tower 12 in Greenville, N.C. after a dispute over seating.
Bishop Barber, 60, has long suffered from a form of arthritis known as ankylosing spondylitis. He travels with his own chair and almost always uses it instead of the seating provided in public spaces.
Tuesday, however, he says employees at the theater would not allow him to use his special chair, saying it was a fire hazard. Only wheelchairs were permitted, he was told. He was asked to leave,...
That was Rev. Dr. William Barber at a press conference today speaking about the incident where he was asked to leave the AMC Fire Tower 12 in Greenville, N.C. after a dispute over seating.
Bishop Barber, 60, has long suffered from a form of arthritis known as ankylosing spondylitis. He travels with his own chair and almost always uses it instead of the seating provided in public spaces.
Tuesday, however, he says employees at the theater would not allow him to use his special chair, saying it was a fire hazard. Only wheelchairs were permitted, he was told. He was asked to leave,...
- 12/29/2023
- by Tom Tapp
- Deadline Film + TV
AMC Theatres has issued an apology after a North Carolina civil rights leader said he was kicked out of a theater for trying to use his own chair in the disabled section.
Rev. Dr. William J. Barber II, a former president of the NAACP North Carolina chapter, was attempting to attend a screening of The Color Purple on Tuesday at an AMC Cineplex in Greenville, North Carolina. He told CNN that he suffers from a form of arthritis known as ankylosing spondylitis and is unable to sit in regular chairs.
Barber said he tried to use a special chair he brought with him in the disabled section of the theater but that staff stopped him and told him he couldn’t. Barber noted that he walks with two canes and uses his special chair everywhere he goes and has “never had a problem.”
Local police officers were called to the theater for a trespassing call,...
Rev. Dr. William J. Barber II, a former president of the NAACP North Carolina chapter, was attempting to attend a screening of The Color Purple on Tuesday at an AMC Cineplex in Greenville, North Carolina. He told CNN that he suffers from a form of arthritis known as ankylosing spondylitis and is unable to sit in regular chairs.
Barber said he tried to use a special chair he brought with him in the disabled section of the theater but that staff stopped him and told him he couldn’t. Barber noted that he walks with two canes and uses his special chair everywhere he goes and has “never had a problem.”
Local police officers were called to the theater for a trespassing call,...
- 12/29/2023
- by Carly Thomas
- The Hollywood Reporter - Movie News
Rev. Dr. William J. Barber II has sat with presidents, he’s marched with Jesse Jackson and he’s been arrested in peaceful protests for voting rights and higher wages, but his recent experience at the AMC Fire Tower 12 was new to him.
The civil rights leader, at the Greenville, N.C. theater with his 90-year-old mother to see The Color Purple on Tuesday, was asked to leave the theater over a seating issue.
Rev. Barber, 60, has long suffered from a form of arthritis known as ankylosing spondylitis. He has trouble sitting for long stretches, cannot use a wheelchair and walks using two canes. Low chairs are an issue for him. He travels with his own chair and almost always uses it instead of the seating provided in public spaces.
“My chair has been everywhere,” Barber told Religion News Service. “In hospitals, in restaurants, in airports, in the White House and in Congress.
The civil rights leader, at the Greenville, N.C. theater with his 90-year-old mother to see The Color Purple on Tuesday, was asked to leave the theater over a seating issue.
Rev. Barber, 60, has long suffered from a form of arthritis known as ankylosing spondylitis. He has trouble sitting for long stretches, cannot use a wheelchair and walks using two canes. Low chairs are an issue for him. He travels with his own chair and almost always uses it instead of the seating provided in public spaces.
“My chair has been everywhere,” Barber told Religion News Service. “In hospitals, in restaurants, in airports, in the White House and in Congress.
- 12/28/2023
- by Tom Tapp
- Deadline Film + TV
Apple kicked off 2023 by unveiling that CEO Tim Cook had requested a pay cut following a drop in shareholder support for his compensation package. Then, on Dec. 8, Netflix disclosed changes to the streaming giant’s executive pay structure. The overhaul was seen as a reaction to a June vote — during the Writers Guild of America strike — when its shareholders symbolically rejected compensation packages for top execs.
Are other publicly-traded Hollywood giants up next to update their compensation policies in 2024?
Apple and Netflix could simply be seen as special cases, but critics on Wall Street and beyond have in the past urged companies to focus on shareholder friendliness. In November, AMC Theatres shareholders voted against the compensation packages proposed for its executive officers, including CEO Adam Aron, who was paid $23.7 million in 2022.
The parade of Hollywood CEO pay disclosures in regulatory filings in 2023 will be remembered for bad timing (those disclosures...
Are other publicly-traded Hollywood giants up next to update their compensation policies in 2024?
Apple and Netflix could simply be seen as special cases, but critics on Wall Street and beyond have in the past urged companies to focus on shareholder friendliness. In November, AMC Theatres shareholders voted against the compensation packages proposed for its executive officers, including CEO Adam Aron, who was paid $23.7 million in 2022.
The parade of Hollywood CEO pay disclosures in regulatory filings in 2023 will be remembered for bad timing (those disclosures...
- 12/26/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
AMC, fresh off the rollout of its AMC popcorn brand, has added its own line of candy to concession offerings.
CEO Adam Aron first flagged the candy push back in May, noting the cost savings in making products in-house, as well as the branding opportunities. The news today is that four kinds of Cinema Sweets chocolate candy are now available in U.S. theaters “at price points in line with other candy products,” the company said.
The initial offerings include: Milk Chocolate Covered Pretzels with a Dark Chocolate Drizzle; Milk Chocolate Covered Almonds; Milk Chocolate Covered Raisins; and Milk Chocolate Covered Peanuts. More varieties will roll out in 2024.
“We spent the last year in research and development ensuring that AMC Cinema Sweets, carrying the AMC name, are candies we are proud of, and just as important – really delicious snacks that our guests will enjoy and seek out when they come to the movies,...
CEO Adam Aron first flagged the candy push back in May, noting the cost savings in making products in-house, as well as the branding opportunities. The news today is that four kinds of Cinema Sweets chocolate candy are now available in U.S. theaters “at price points in line with other candy products,” the company said.
The initial offerings include: Milk Chocolate Covered Pretzels with a Dark Chocolate Drizzle; Milk Chocolate Covered Almonds; Milk Chocolate Covered Raisins; and Milk Chocolate Covered Peanuts. More varieties will roll out in 2024.
“We spent the last year in research and development ensuring that AMC Cinema Sweets, carrying the AMC name, are candies we are proud of, and just as important – really delicious snacks that our guests will enjoy and seek out when they come to the movies,...
- 12/20/2023
- by Jill Goldsmith
- Deadline Film + TV
Leading movie theater operator AMC Entertainment has wrapped a $350 million at-the-market equity offering and reduced its debt by $62 million.
The transaction was announced after the close of trading Monday. AMC had announced the equity offering in November.
AMC said it raised $350 million of new equity capital, before commissions and fees, through the sale of about 48 million shares, at an average price of about $7.29 per share.
Exhibitors are facing a difficult stretch over the next few months due to a squeeze on the supply of studio films. Confronting the dual strikes by writers and actors, studios pushed a number of 2023 and early 2024 releases to later dates given production and promotion challenges. Theaters, though, depend on event titles and are heading toward a January period with only a handful of wide releases. Unlike past Christmases, when franchise titles like Avatar: The Way of Water drove significant box office, this year’s late-December...
The transaction was announced after the close of trading Monday. AMC had announced the equity offering in November.
AMC said it raised $350 million of new equity capital, before commissions and fees, through the sale of about 48 million shares, at an average price of about $7.29 per share.
Exhibitors are facing a difficult stretch over the next few months due to a squeeze on the supply of studio films. Confronting the dual strikes by writers and actors, studios pushed a number of 2023 and early 2024 releases to later dates given production and promotion challenges. Theaters, though, depend on event titles and are heading toward a January period with only a handful of wide releases. Unlike past Christmases, when franchise titles like Avatar: The Way of Water drove significant box office, this year’s late-December...
- 12/11/2023
- by Dade Hayes
- Deadline Film + TV
About six weeks after Beyoncé made a surprise appearance at the world premiere of Taylor Swift: The Eras Tour, Swift returned the favor, showing up Thursday night at the London premiere of Renaissance: A Film by Beyoncé.
Swift was even on point with the color scheme, wearing a sparkling silver gown. That’s the hue Beyoncé requested fans wear to some of her tour dates and, in fact, often sported herself onstage.
Beyoncé herself was decked out in silver – with platinum hair to match – at a screening for the film at the Academy this week.
Tonight, however, the Renaissance woman opted for a black ensemble, though she kept the platinum hair.
That Swift would show for Beyoncé’s big moment makes sense in more ways than one. There’s the payback aspect, but both films are also being distributed through AMC. It’s just good business for AMC CEO...
Swift was even on point with the color scheme, wearing a sparkling silver gown. That’s the hue Beyoncé requested fans wear to some of her tour dates and, in fact, often sported herself onstage.
Beyoncé herself was decked out in silver – with platinum hair to match – at a screening for the film at the Academy this week.
Tonight, however, the Renaissance woman opted for a black ensemble, though she kept the platinum hair.
That Swift would show for Beyoncé’s big moment makes sense in more ways than one. There’s the payback aspect, but both films are also being distributed through AMC. It’s just good business for AMC CEO...
- 12/1/2023
- by Tom Tapp
- Deadline Film + TV
Taylor Swift’s Eras Tour concert film will begin streaming on Dec. 13 – the superstar’s birthday – and will include three additional songs not included in the theatrical release.
The extra songs, Swift announced on social media today, are “Wildest Dreams,” “The Archer” and “Long Live.”
“Well, so, basically I have a birthday coming up and I was thinking a fun way to celebrate the year we’ve had together would be to make The Eras Tour Concert Film available for you to watch at home!,” Swift wrote on X/Twitter. “Very happy to be able to tell you that the extended version of the film including ‘Wildest Dreams,’ ‘The Archer’ and ‘Long Live’ will be available to rent on demand in the US, Canada & additional countries to be announced soon starting on … you guessed it, December 13.”
The film’s theatrical release has been a big success: Earlier this month, the...
The extra songs, Swift announced on social media today, are “Wildest Dreams,” “The Archer” and “Long Live.”
“Well, so, basically I have a birthday coming up and I was thinking a fun way to celebrate the year we’ve had together would be to make The Eras Tour Concert Film available for you to watch at home!,” Swift wrote on X/Twitter. “Very happy to be able to tell you that the extended version of the film including ‘Wildest Dreams,’ ‘The Archer’ and ‘Long Live’ will be available to rent on demand in the US, Canada & additional countries to be announced soon starting on … you guessed it, December 13.”
The film’s theatrical release has been a big success: Earlier this month, the...
- 11/27/2023
- by Greg Evans
- Deadline Film + TV
Keith Urban says the performance of wife Nicole Kidman’s AMC Theatres ad was an unexpected surprise.
Speaking on a Friday episode of Criss Angel’s Talking Junkies podcast, Urban explained Kidman’s 2021 ad for the company.
“She did it because she loves movies, we love movies. And it was hard times for the theaters,” Urban said of that post-pandemic struggle. “So AMC asked her if she’d do an AMC commercial, and it was a no-brainer for her to be a part of that.”
“Never in a million years [was she] expecting that to be this cultural thing.”
Kidman’s viral ad was previously described by AMC CEO Adam Aron as “iconic and revered” during a 2022 earnings call.
The ad follows Kidman she enters an AMC theater. “We come to this place for magic,” she begins.
“We come to AMC Theatres to laugh, to cry, to care, because we need that,...
Speaking on a Friday episode of Criss Angel’s Talking Junkies podcast, Urban explained Kidman’s 2021 ad for the company.
“She did it because she loves movies, we love movies. And it was hard times for the theaters,” Urban said of that post-pandemic struggle. “So AMC asked her if she’d do an AMC commercial, and it was a no-brainer for her to be a part of that.”
“Never in a million years [was she] expecting that to be this cultural thing.”
Kidman’s viral ad was previously described by AMC CEO Adam Aron as “iconic and revered” during a 2022 earnings call.
The ad follows Kidman she enters an AMC theater. “We come to this place for magic,” she begins.
“We come to AMC Theatres to laugh, to cry, to care, because we need that,...
- 11/26/2023
- by Bruce Haring
- Deadline Film + TV
Updated: We’ve all heard of the first screenings for Oscar contending movies during Thanksgiving weekend, i.e. American Hustle and Joy in years past, however, to literally hold a glittery world premiere post-Turkey day is a rare feat. But that’s exactly what 32x Grammy winner Beyoncé did tonight with her AMC-distributed concert documentary movie Renaissance: A Film by Beyoncé which made its grand debut at the Academy’s Samuel Goldwyn Theater.
While AMC had The Grove shut down for the world premiere of their first distributed concert movie, Taylor Swift: The Eras Tour (which is headed to $250M WW) back in mid-October, that wasn’t an option given the busy holiday season; that Rick Caruso high-end outdoor shopping mall already occupied by Santa Claus and a Christmas tree. We had heard that there was no feasible way that the Beyoncé doc could play an AMC cinema here...
While AMC had The Grove shut down for the world premiere of their first distributed concert movie, Taylor Swift: The Eras Tour (which is headed to $250M WW) back in mid-October, that wasn’t an option given the busy holiday season; that Rick Caruso high-end outdoor shopping mall already occupied by Santa Claus and a Christmas tree. We had heard that there was no feasible way that the Beyoncé doc could play an AMC cinema here...
- 11/26/2023
- by Armando Tinoco and Anthony D'Alessandro
- Deadline Film + TV
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