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.
Get your gear before it’s game over! See STREET FIGHTER and purchase our concession collectibles starting 10/15, available in theatres only while supplies last. https://t.co/i2C0IlW2LB
I want to extend my highest praise to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, for the wise decision — perhaps a better characterization being the brilliant decision — he announced today on behalf of the SEC about Stock Tokens.
The SEC granted a five year period of experimentation on this topic in U.S. markets. In doing so, the SEC laid out some inviolate and unequivocally annumerated conditions:
The SEC highlighted that “Investor Protection Is Not Optional.” The SEC clearly laid out that even as it puts forward an “Innovation Exemption,” the SEC has an implicit right to govern on this issue. This means that at least within the U.S., there is an underpinning that appropriate regulatory bodies can regulate
as they think is needed. I believe that over the last full century, investors have best been protected when U.S. regulatory bodies have been involved and U.S. securities laws have been applicable. Thank you, SEC.
The SEC also emphasized that there can be “No Synthetics.” Any such Stock Tokens must carry full voting and dividend rights. No synthetics is such a vital and basic concept. Thank you, SEC.
Also of crucial importance, the SEC mandated that “Issuers Can Object.” It said that issuers of stock must have the opportunity to object and prevent their security from being trading on a Tokenized Securities Venue if companies so choose. This puts companies in charge of their own securities and capital structures, not brokerage houses. Thank you, SEC.
I applaud what the SEC did today. Bravo!
And @vladtenev and @DanGallagherDC I note that at Robinhood you accepted and supported the SEC’s ruling today. I call on you now to adhere to the exact same standards internationally. How hypocritical would it be if Robinhood’s stock tokens abroad were to differ materially from stock tokens in the U.S. on these hyper-important matters of investor protections, synthetics and issuer objections.
Adam Aron
Chairman and CEO
AMC Entertainment
This is a video clip of the opening of the Emmy Awards Monday night.
What a tribute to our beloved Nicole Kidman, and her work on behalf of AMC Theatres.
In my crosshairs as much as Robinhood’s shameful Stock Tokens and the trademark- infringing meme coins that they trade: dreaded TICKET SCALPERS.
So far, we have reclaimed more than 1,600 AMC tickets from resale sites posted there.
Scalpers beware, AMC is coming after you.
Light the Bat-Signal - three legendary Batman films return to AMC Theatres for a limited time beginning 9/18! Get tickets now for
🤡 Batman (1989)
🦇 Batman: Mask of the Phantasm
🧱 The LEGO Batman Movie
https://t.co/Es5cjkVlH8
Hey there @DanGallagherDC, 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.
#NEON, so bullish on #NaHongJin’s sci-fi thriller #HOPE, one of the buzziest festival darlings out of #Cannes, gave it the widest release for a Korean film at US #BoxOffice, and Oh boy it paid off!
#HOPE grossed STRONG 1.1M on WED Opening Day, beating #SpiderManBrandNewDay yesterday, despite playing over just 1.560 theatres.
That’s the biggest opening day for a Korean film domestically, and the biggest for international films under NEON!
This is a new kind of flick 🍿
For the first time ever, you can watch the Rocket League World Championship on Sunday, September 20th at select @AMCTheatres!
Championship Sunday begins at 8AM PT / 10AM CT. Attendees will receive a commemorative ticket with a reward code for in-game items.
Click the link to find the closest AMC near you: https://t.co/A9E1jfO5Fy