On our earnings call this week, we were able to point to dramatic increases in AMC’s Adjusted EBITDA, that we are currently free cash flow positive, and that 97% of our debt maturities have been extended to 2031 and 2033.
This means that we no longer need to talk about the trials and tribulations of the past six years. Instead, we will be focusing on all of the many growth opportunities and high IRR projects in our sights and which we can pursue to stimulate increases in free cash flow going forward.
Welcome to the stress-free world of industry-leading and abundantly-recovered AMC Entertainment.
Hello again @vladtenev and @DanGallagher. So what’s Robinhood’s answer?
You claim to “support” the SEC’s new rules on Stock Tokenization efforts, as they apply in the United States.
Internationally, are you going to respect those same principals as laid out be the SEC?
Or shame, shame, shame, will your off-shore operation in far-off Jersey be a sleazy bastardization that makes a total mockery of what the SEC has demanded as being the right thing to do?
Today was an important day in the history of Hollywood. State Attorneys General settled their anti-trust case, so Paramount’s acquisition of Warner Brothers will proceed.
I signed on to this transaction back in April because David Ellison pledged to make at least 30 movies per year (66% more than the number made by the two studios last year) and promised to respect theatrical windows.
Now with the AG action, those commitments and more will be backed up by a binding five year “Consent Decree.”
But I never had any doubt in David Ellison’s desire to support theatrical exhibition. In his heart, he is a consummate movie maker.
Want proof? Again watch Skydance’s Top Gun: Maverick, as I did this weekend.
And he has a highly able team of executives in place at both studios.
My prediction: Paramount and Warner will be in extraordinarily capable hands.
Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
A new Evil is coming to Raccoon City.
From the mind of Zach Cregger, director of Weapons and Barbarian. RESIDENT EVIL comes to AMC Theatres 9/18 - get tickets NOW! https://t.co/6QVWGg5ArP
On Monday, AMC made quite a consequential announcement. We have created a new venture, Leawood Films. It’s a disciplined, low risk way for AMC to distribute movies to movie theaters in the US and around the world. Our goal is simple – get some movies made and released into theaters that might not otherwise be greenlit for theatrical exhibition.
Obviously, our bread and butter will always come from major Hollywood studios, and our other key distribution partners. But if we can get some extra movies made, it will be gravy for AMC as well as for other movie theater operators with whom we will work.
We are pleased to be taking this innovative step forward.
To honor the one and only Dolly Parton. AMC will bring back two of her movies to about 200 of our theatres. Tomorrow through Wednesday.
STEEL MAGNOLIAS (1989):
the acclaimed comedy-drama starring Dolly Parton, Sally Field, Julia Roberts, Shirley MacLaine, Olympia Dukakis and Daryl Hannah.
THE BEST LITTLE WHOREHOUSE IN TEXAS (1982):
the hit musical comedy starring Dolly Parton and Burt Reynolds.
We try so hard to be expert in what we usually do so well, devoted as we are to pleasing hundreds of millions of guests in our theatres each year.
Today, though, as Dune 3 tickets went on sale, the crushing volumes briefly slowed or glitched our online ticketing systems.
Indeed, AMC experienced extraordinarily high demand, particularly for premium format presentations and for some of our most desired locations.
Ticketing traffic across AMC’s website and mobile app reached levels approximately three times higher than what we experienced during the Spider-Man: Brand New Day ticket launch, which itself followed strong advance sales for The Odyssey ticket launch before that.
It’s not that our systems totally failed. We have been selling enormous numbers of tickets today, but when any of our customers experience less than our best, it is just not right.
It’s a high class problem to have such staggering demand, but even so it is intolerable and inexcusable. It just can not and should not happen, because as AMC is the clear market leader, you deserve better from us.
There was much discussion internally ahead of and preparing for the Dune 3 launch. We thought we were ready, but we weren’t.
I am told that about $2 million of IT programming resource will let us fully address the issue. Of course, that money has been approved already, and we’ve asked our IT team to move at a whirlwind speed to take whatever steps are needed so that our ticketing systems are — in all situations and in all quantities —again top shelf.
If some of you experienced delays or intermittent issues while attempting to purchase tickets today, we encourage you as potential AMC guests to retry your purchase, as inventory remains available at many locations and showtimes.
We appreciate our guests’ patience and enthusiasm, and we are very encouraged that so many moviegoers are excited to secure their seats for one of the most anticipated theatrical releases of the year.
Dune 3 will open on December 18.
At @HycroftMining, we are developing one of the world's largest precious metals deposits, with 16 million ounces of gold and 560 million ounces of silver defined.
Stay tuned for what’s next. 🚀
🎥: @CNBC's @SquawkBoxEurope full interview: https://t.co/qpwiF38Mpk
$HYMC #mining
Only 2 weeks in theatres so far, this week Spider-man: Brand New Day surpasses $700 million in industry-wide domestic box office, $1.7 billion globally. It’s gotten here faster than any previous film ever. It has tons of running room for much more ahead. See it at AMC and Odeon.
AMC ENTERTAINMENT SHATTERS WEEKEND REVENUE RECORDS – SETS THE HIGHEST WEEKEND REVENUE MARK IN THE COMPANY’S 106-YEAR HISTORY
More than 10.2 million moviegoers attended AMC Theatres in the United States and ODEON Cinemas internationally from Wednesday through Sunday
AMC generated its highest total revenue ever for a single weekend, Wednesday through Sunday, including new records for admissions revenue and new records for food & beverage revenue
https://t.co/f3pG3iK5iT