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Stock impact report

AMC Entertainment Has More than a COVID-19 Problem [The Motley Fool]

AMC Entertainment Holdings, Inc. Class A (AMC) 
NASDAQ:AMEX Investor Relations: investor.amctheatres.com
Company Research Source: The Motley Fool
AMC Entertainment Holdings(NYSE:AMCWhile international diversification is good, the coronavirus pandemic has shut down movie theaters across the United States and Europe.If this was the only issue AMC was confronting, that would be one thing. Unfortunately, AMC's troubles won't end once restrictions are lifted and people are free to go to the movies.Image source: Getty images.Deep-rooted issuesThe company has been updating theaters with reclining seats, upgraded sight and sound, and other improvements. And these renovations likely won't go unnoticed to the approximately . million households that belong to the various levels of AMC's loyalty program. While these members represent less than half of its domestic attendance, they account for more than two times the revenue that came from non-members.What's more, the program allows AMC to collect data on customers while offering discounts on various items. There are free and $ annual-fee plans that provide rewards to patrons. There is also Show less Read more
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