Odeon cinema chain owner AMC to accept Bitcoin payment
AMC wants to “participate in this new burgeoning cryptocurrency universe” Source: Odeon cinema chain owner AMC to accept Bitcoin payment
Memestock favourite AMC hails record weekend since reopening
The cinema chain reported that last weekend 2mln people in the US had watched films at its locations, the biggest numbers recorded by the firm since closing its branches in March 2020 due to lockdown restrictions. Source: https://www.proactiveinvestors.com/
Vacant eastside AMC theater acquired by a national chain. Here’s who’s moving in.
Not all Athens-area movie theaters survived the COVID-19 pandemic. Though both Georgia Theatre Company locations and Ciné have since reopened, the AMC Dine-In on Lexington Road permanently closed back in September. The good news is that those 12 screens won’t remain … Continued
AMC cinema shares surge in ‘frantic’ trading
Shares in the US cinema chain AMC surged on Wednesday in what could mark a return to frenzied trading that rocked markets earlier this year.Trading in AMC Entertainment was halted briefly several times as high volumes of shares were bought … Continued
AMC cinema chain issues warning to small investors
US cinema chain AMC has put out a blunt warning to smaller investors as it launched a new share sale.It warned against buying “unless you are prepared to incur the risk of losing all or a substantial portion of your … Continued
AMC brings nine-screen luxury cinema to Jeddah
In a first for AMC Cinemas in Saudi Arabia’s west coast city, the new cinema offers eight luxury auditoriums and an IMAX theatre. Source: AMC brings nine-screen luxury cinema to Jeddah – BroadcastPro ME
AMC’s Chinese Owner Gives Up Control Over World’s Largest Cinema Chain
Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated … Continued
Trading frenzy in AMC stock may stave off bankruptcy but cinema operator still faces years of recovery
AMC stock soared 250% on volume over more than 1 billion shares on Wednesday. The trading frenzy that has propelled the shares of AMC Entertainment Corp. up more than 600% in the year to date may have saved the cinema … Continued
AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy
Movie theater chain AMC is hoping to raise $125 million in fresh capital to stave off bankruptcy by selling 50 million shares in a new funding round, the company said Wednesday. The largest cinema chain in the world raised $104 … Continued
Cinema chain AMC warns it may not survive the pandemic
Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet. All of AMC’s theaters are shut … Continued