Amc Entmt Hldgs Inc Stock Price, News & Analysis

AMC Entertainment Holdings (NYSE: AMC) will announce its second quarter results for the period ending June 30, 2022, on August 4, 2022, after market close. A webcast will follow at 4:00 p.m. CDT (5:00 p.m. EDT) where questions can be submitted by investors and analysts. AMC operates approximately 950 theatres globally, offering unique experiences through enhanced seating and food options. Investors are encouraged to register for the webcast beforehand.

AMC Theatres has introduced Discount Tuesdays, offering movies at just $5 plus tax at all U.S. locations through October. To participate, guests must be members of the AMC Stubs program, including the free AMC Stubs Insider membership. Additional value options include matinee pricing before 4 p.m. or 5 p.m., and the AMC Stubs A-List program, allowing up to three movies weekly for a monthly fee. Members can also earn rewards with AMC Stubs Premiere.

Boxlight Corporation (Nasdaq: BOXL) announces the appointment of Greg Wiggins as its new Chief Financial Officer effective July 5, 2022. He will replace Patrick Foley, who is stepping down for personal reasons but will assist in the transition until July 29, 2022. Wiggins brings over 15 years of corporate finance experience, previously serving as CFO at Mitch Cox Companies and Assurance Director at BDO USA, LLP. CEO Michael Pope praised Wiggins' expertise, stating he will significantly contribute to the company's growth.

AMC Theatres reported a significant increase in global admissions revenue, surpassing the same weekend in 2019 by more than 15%. Over 4.9 million guests attended AMC locations from June 9-12, making it the second busiest weekend of 2022. The success was driven by blockbuster films like JURASSIC WORLD DOMINION and TOP GUN: MAVERICK. Upcoming movie releases, including LIGHTYEAR, are expected to further fuel attendance and revenues, indicating a strong recovery for the theatrical box office.

Hollywood.com has launched a new mobile app aimed at enhancing the ticket purchasing experience for AMC Theatres® (NYSE:AMC) across the U.S. The app allows users to easily compare movies, showtimes, and seating options before making a purchase. AMC, the largest theatrical exhibitor globally, leverages this innovation to cater to movie enthusiasts. Notably, the app includes 24/7 customer support and plans to integrate AMC's loyalty program, AMC Stubs. This launch coincides with a strong movie slate, aimed at boosting engagement in the entertainment sector.

LIFEMARK, a faith-based film from the Kendrick Brothers and Kirk Cameron Entertainment, premieres in theaters nationwide for a limited seven-day run starting September 9, 2022. Based on the true story depicted in the documentary 'I Lived On Parker Avenue,' the film follows a young man's journey to meet his birth parents, showcasing themes of adoption and reconciliation. The cast includes well-known actors such as Kirk Cameron and Alex Kendrick. Executive Producer Stephen Kendrick emphasizes the film's inspirational nature, aiming to engage audiences and encourage support for adoption.

AMC has announced the opening of its newly-built AMC DINE-IN Topanga 12 theatre in Topanga, California, on June 2. This theatre features all-recliner seating, IMAX with Laser, and Dolby Cinema. In conjunction with this opening, the nearby AMC Promenade 16 will close on June 1. The Dine-In cinema offers an enhanced experience with meal delivery to seats and premium dining options. AMC aims to improve movie-going experiences in Los Angeles, positioning itself as a leader in luxury cinema amenities.

AMC Theatres celebrates a record-breaking Memorial Day weekend with its feature film TOP GUN: MAVERICK, achieving the highest domestic box office for this holiday weekend in 15 years. The company witnessed a 122% year-over-year increase in domestic box office sales, serving nearly 4 million guests in the U.S. alone. Notably, more than 3.3 million viewers attended to watch the film, highlighting a significant comeback as older demographics return to theaters in large numbers. The industry's recovery post-pandemic is evident in AMC's impressive attendance figures compared to 2021.

National CineMedia (NCMI) has launched The Noovie Trivia Show in partnership with Paramount+, aligning with the release of Top Gun: Maverick. The show, hosted by Maria Menounos, features celebrity trivia with opportunities for brand sponsorship and custom content aimed at engaging a young audience. NCM, which reaches over 600 million moviegoers annually through a vast network of theaters, offers a unique platform for brands to connect with the coveted 18-34 demographic. The Noovie Trivia app will also introduce a ‘Weekly Prize Contest’ for top players.