16.60 0.00 (0.00%)
After hours: 4:51PM EDT
|Bid||16.45 x 800|
|Ask||16.60 x 4000|
|Day's Range||16.45 - 17.40|
|52 Week Range||10.80 - 24.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 2, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||0.80 (5.08%)|
|1y Target Est||20.70|
Adam Aron, AMC Entertainment CEO, discusses why the movie theater chain is now launching a monthly movie subscription service, which allows subscribers to see three films per week for $19.
AMC Theaters (AMC), which holds the title of America’s largest movie chain, wants you to forget all your friends bragging about their MoviePass and to join its A-List instead. Members of the AMC Stubs A-Lit can see up to three films — even IMAX and 3D films — per week for just $19. The service competes with MoviePass, which offers users one movie per day for $9.95 a month.
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Analysts are upbeat on AMC Entertainment Holdings Inc. after the company’s Wednesday announcement that it would be launching a movie subscription service, its response to MoviePass. Benchmark raised its rating for AMC (AMC) to buy from hold, and set an initial price target of $20. The new subscription service “somewhat offsets our concerns over secular pressure on attendance trends,” wrote Benchmark analyst Mike Hickey, adding that he thinks the new subscription service will drive up theater attendance and earnings.
Hollywood studios may seek changes to a new MoviePass rival because of concerns about how the service determines their cut of the sales, according to people with knowledge of their thinking. “If admissions go up [substantially], then I will see an uplift,” said one major studio executive briefed on the plan. As a result, the executives said they would be closely monitoring results of the new offering, called AMC Stubs A-List, and could push for it to be changed if they see revenue declines from it.
AMC Entertainment Holdings, Inc. has completed a $53 million transaction to sell and simultaneously lease back one of its theaters, the company said Thursday. AMC (AMC) announced last August it would identify approximately $400 million of non-strategic assets to be monetized over a 24-month period. This sale leaseback agreement, in addition to the previous agreements in the fall for seven theaters, brings the total of AMC's non-strategic asset sales in the past ten and a half months to about $495 million.
AMC Entertainment Holdings, Inc. (AMC) (“AMC” or “the Company”) announced today it has completed a $53 million transaction to sell and simultaneously lease back a single AMC theatre in a major U.S. metropolitan area. This sale leaseback transaction is consistent with similar sale leaseback agreements completed in the Fall of 2017 for seven AMC theatres. After transaction expenses, the deal generated approximately $50 million in cash for AMC. This latest transaction brings the total of AMC’s non-strategic asset sales in the past ten and a half months to approximately $495 million, when combined with seven previously announced transactions.
Starting on June 26, AMC Entertainment (AMC) will add a new feature to its AMC Stubs loyalty program called “AMC Stubs A-List.” For $19.95, excluding taxes, AMC Stubs members can see three movies per week across any AMC locations with all of the benefits of the AMC Stubs Premiere. After the announcement on June 20, AMC stock rose 2.2% and closed at $16.60.
After previously saying subscription service MoviePass didn’t pose a significant threat, the largest cinema chain in the U.S. is taking it on directly. AMC Entertainment Holdings Inc. is launching a new offering that lets customers see up to three movies a week for $19.95 a month at any of its U.S. theaters. Called AMC Stubs A-List, the new service has several advantages over MoviePass, including the ability to book tickets days in advance, to do so in an app without a special debit card and to see films in premium formats such as 3-D or IMAX at no extra charge.
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The Kansas City-area exhibitor has launched a new tier to its AMC Stubs rewards program called AMC Stubs A-List that includes up to three movies per week for $19.95 per month.
AMC Entertainment Holding Inc. (amc) said Wednesday that it would be offering its own movie-theater subscription service to compete with MoviePass. The Stubs A-List service will cost $19.95 a month and give subscribers the ability to see up to three movies a week. MoviePass charges $9.95 a month and lets users see one new movie per day.
Accompanied by a Sneak Preview of an All-New Documentary About the Making of the Iconic Film, 'The Sandlot' Plays on the Big Screen This Summer DENVER , June 20, 2018 /PRNewswire/ -- Play ball! The legendary ...
The Highest-Grossing Broadway Cinema Event Returns to Big Screens, Featuring Original Broadway Cast, Including Tony® Award-Nominee Jeremy Jordan DENVER , June 20, 2018 /PRNewswire/ -- Due to popular demand ...
AMC Theatres® (AMC) is excited to announce that beginning Tuesday, June 26 the Company is adding a new tier to its AMC Stubs rewards program: AMC Stubs A-List, which rewards guests with up to three movies per week, along with all the benefits of AMC Stubs Premiere, all for just $19.95 (plus tax) per month. Through AMC Stubs A-List, members can enjoy any available showtime*, any AMC location, any format -- including IMAX at AMC, Dolby Cinema at AMC, RealD 3D, Prime at AMC and BigD. AMC Stubs A-List can be used at the spur of the moment or also can make planning ahead days or weeks in advance possible, as securing tickets is made easy via reservations capabilities on the AMCTheatres.com web site, or on the AMC Theatres smartphone app.
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AMC Entertainment Holdings, Inc. (AMC) (“AMC” or “the Company”) announced today it will receive approximately $157 million in cash for a sale of the entirety of its remaining equity interest in National CineMedia, LLC. (“NCM”). AMC is selling all of its 21,477,480 NCM common units at $7.30 per unit. Cineworld Group, plc (CINE.L) and Cinemark Holdings, Inc. (CNK) are each buying half the units.
DENVER, June 18, 2018 /PRNewswire/ -- This summer, moviegoers can expect a rowdy, raucous good time with the feature-length comedy event "OUT on Stage," which will be screened in cinemas across the country for a one-night event on Tuesday, July 24. Hosted by comedian Zach Noe Towers, the event contains 90 minutes of laugh-out-loud content from a lineup of renowned gay and lesbian stand-up comedians, including Brendan Scannel, A.B. Cassidy and Janine Brito. Fathom Events and Comedy Dynamics present "OUT on Stage" in more than 250 select movie theaters on Tuesday, July 24 at 8:00 p.m. local time, through Fathom's Digital Broadcast Network (DBN).
Chloe Dykstra accused Hardwick of sexually and emotionally abusing her during their three-year relationship.
Tom Bracken Named Vice President of Marketing Nancy Silverstone Named Vice President of Programming Daren Miller Promoted to Vice President of Business Affairs & Strategy DENVER , June 18, 2018 /PRNewswire/ ...
Fathom Events and Atlantic Records Bring Mraz's Music to the Big Screen, Featuring a Behind-the-Scenes Look at the Making of His New Album 'Know'. DENVER , June 14, 2018 /PRNewswire/ -- This August, Grammy ...
Moody's Investors Service assigned new ratings for Sequel Merger Sub II LLC, including a B1 Corporate Family Rating (CFR) and a B1-PD Probability of Default Rating (PDR). Concurrently, Moody's assigned B1 ratings to each of the proposed $30 million senior secured first lien revolving credit facility and $175 million first lien term loan. The rating outlook is stable.