Major movie theater chains unveil a $2.2 billion makeover plan [CNN]
AMC Entertainment Holdings, Inc. Class A (AMC)
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Source: CNN
That's why the biggest theater chains in the United States and Canada have a $2.2 billion plan to bring them back. An industry group that represents the eight largest chains including AMC Entertainment, Regal Cinemas and Cinemark announced a multibillion dollar renovation plan that encompasses 21,000 screens — or nearly 70% of the North American box office — and affects every part of the theater experience from signage to snacks and snazzier seats. The three-year investment comes amid a recent resurgence at the box office following dual Hollywood strikes and the Covid-19 pandemic that shuttered theaters and limited the number of releases. Large chains are also facing competition from luxury theaters offering an enhanced viewing experience, like IPIC Theaters and Alamo Drafthouse. The latter was recently bought by Sony Pictures Entertainment. The National Association of Theatre Owners (NATO) said Thursday that it recognizes “competition for consumers' hard-earned dollars is fierc
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AMC
Earnings
- 8/2/24 - In-Line
AMC
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 3
- 9/16/24 - Form 8-K
- AMC's page on the SEC website