Amc Entmt Hldgs Inc Stock Price, News & Analysis

Dreamscape, an immersive virtual reality company, is set to launch its next venue at AMC Garden State in Paramus, New Jersey on November 19, 2021. This venue marks the company's east coast debut and offers three popular VR experiences, including Alien Zoo and DreamWorks Dragons: Flight Academy. Adam Aron, CEO of AMC, emphasized the partnership's goal to enhance entertainment offerings. The venue aims to attract audiences from the New Jersey and New York metro area, contributing to Dreamscape's ongoing expansion across the U.S. and internationally.

National CineMedia (NCM) has partnered with NuTime Media to form specialized cinema advertising networks targeting African-American and Hispanic audiences. This initiative combines NCM's cinema reach with NuTime's expertise, allowing marketers to access diverse consumer groups effectively. NCM’s Black Cinema Network will serve 393 theaters and 5,400 screens, reaching 11.4 million viewers monthly, while the Hispanic Cinema Network spans 449 theaters and 6,000 screens, targeting 15.4 million viewers. This collaboration aims to capitalize on the rising spending power of these demographics.

AMC Entertainment Holdings reported its third-quarter results for the period ending September 30, 2021. As the largest movie exhibition company globally, AMC continues to innovate within the industry with features like power-recliner seats and enhanced food choices. The company will hold a live webcast for investors on November 8, 2021, at 4:00 p.m. CST. Investors can access the results and webcast details on the AMC Investor Relations website.

National CineMedia, Inc. (NCMI) reported a 428.3% increase in Q3 2021 revenue to $31.7 million, compared to $6.0 million in Q3 2020. Despite this growth, net loss widened to $15.2 million, or $0.19 per diluted share. The company maintained its quarterly cash dividend at $0.05 per share. CEO Tom Lesinski highlighted a resurgence in advertising demand following successful box office performances, indicating a recovery in cinema attendance. However, uncertainties around COVID-19 continue to affect revenue forecasts for the year.

AMC Theatres (NYSE:AMC) is partnering with Disney to host surprise screenings of four fan-favorite films from November 12-14 at over 200 locations in the U.S. Each film, accompanied by a Disney short, will play once per day. Tickets are priced at $5, and attendees will receive an exclusive double-sided Disney+ poster along with a $5 concession offer. This initiative celebrates the second anniversary of Disney+ and marks a strategic collaboration to boost attendance and engagement in theaters, enhancing the movie-going experience for families and fans alike.

AMC Entertainment is expanding its business model to tap into the multi-billion dollar popcorn market. Starting in 2022, AMC will open up to five kiosks and counters in shopping malls, selling its famous AMC Theatres Perfectly Popcorn. Additionally, AMC plans to offer food delivery services for popcorn, takeout 'To Go' packages, and prepackaged microwaveable popcorn available in supermarkets later in the year. This diversification aims to create a new revenue stream while enhancing customer accessibility to their favorite movie snacks.

AMC Theatres (NYSE:AMC) is launching a new reward for its shareholders through AMC Investor Connect, offering a free large popcorn to existing and new participants who sign up by December 31, 2021. This is the second time AMC has provided this incentive, with the previous promotion starting in June 2021. CEO Adam Aron highlighted the program's success, noting 365,000 sign-ups since its inception. Shareholders are encouraged to visit AMC theaters as a slate of major films, including THE ETERNALS and SPIDER-MAN: NO WAY HOME, are set for release in the coming weeks.

AMC Entertainment Holdings, Inc. (NYSE: AMC) will report its third-quarter results for the period ended September 30, 2021, after market close on November 8, 2021. The earnings webcast will occur at 4:00 p.m. CST (5:00 p.m. EST) and will be accessible through AMC's Investor Relations website. Investors are encouraged to sign up for AMC Investor Connect to submit questions for the webcast. AMC operates approximately 950 theatres and 10,500 screens globally, focusing on enhancing moviegoer experiences through innovation.

AMC Entertainment reported that its ticket admission revenues for October 2021 are the highest seen since February 2020, indicating a strong recovery as the domestic box office is projected to outperform previous months. The company, as the largest movie exhibitor in the U.S., noted this increase reflects broader industry trends. Additionally, international locations have also seen record revenues for the same period. Overall, this uptrend suggests a positive trajectory for AMC and the movie exhibition industry post-pandemic.