Adam Aron

Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock. “Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want “more” when our shareholders are hurting. So, I recommended to the
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UPDATED with conference call comments: AMC Entertainment CEO Adam Aron shrugged off Covid, streamers and windows as real issues for exhibition currently, saying the biggest challenge facing the industry “above all else, is that movie theater operators need more movies.” “At this point, there is only one topic that should be… on the tip of
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In a sign that managing 4 million retail shareholders isn’t all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is “well intended” but “some may be hurled at us with an intent of actually harming me or the company.” It’s the first time he’s publicly
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AMC Entertainment CEO Adam Aron said an earlier gig as chief executive of the Philadelphia 76ers got him active on social media, tweeting with his hometown NBA team’s fan base. The experience proved key navigating a dramatic transformation in the theater chain’s shareholder base from mostly institutions to about 4 million private individuals. Until early
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Following AMC CEO Adam Aron’s announcement about hiking tickets for Warner Bros.’ The Batman over the weekend and the pic’s $128M+ opening, the circuit boss celebrated by posting a Tweet of Robert Pattinson’s Batman looking up at a dollar signal in the sky. “Some of you like mysterious tweets, looking for hidden meaning, even though no concealed thought was
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AMC Entertainment said sales jumped and losses narrowed for the three months ended in December as the pandemic receded and Spider-Man rocked the theater chain to its best quarter in two years. Revenue of $1.17 billion compared to $162.5 million in the year earlier period. Net losses shrank to $134.4 million, including a non-cash impairment
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AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery. Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago. Analysts had anticipated sales of $708 million with an EPS loss of 53 cents. As
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AMC CEO Adam Aron, who already has announced a push into retail popcorn sales and accepting payment in cryptocurrencies, waxed enthusiastic Monday at a flood of new ventures suggested by the chain’s 4.1 million retail investors. The floated ideas include everything from an AMC credit card and a return to movie producing to its own
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Theatrical giant AMC Entertainment announced it’s “expanding its business outside of the traditional theatrical exhibition industry with plans to capture a piece of the growing multi-billion dollar popcorn market.” That means it will be selling AMC Theatres Perfectly Popcorn through four new platforms starting next year, including at AMC Theatres Perfectly Popcorn kiosks at select
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AMC Entertainment launched an unusual program today called Investor Connect to communicate directly with a mass of individual investors in the U.S. that now own more than 80% of its stock and have been steadily buoying it higher. “Many of our investors have demonstrated support and confidence in AMC. We intend to communicate often with
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AMC Entertainment offered a preview of its quarterly earnings Tuesday, anticipating revenue for the three months ended in March of $148 million, way down from $941.5 million the year before as the box office struggled to revive amid the global pandemic. AMC expects to announce a net loss of between $572 million and $567 million.
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While the No. 1 exhibitor AMC has traditionally been flexible about theatrical windows despite their pubic uproar against Universal last year, the chain’s CEO Adam Aron speculated today what the landscape would look like when we come out of this pandemic. “What we learned from the Universal agreement, is that every studio seems to have
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