The time has come. Some 13 years after the original was the biggest movie of all time, Avatar: The Way of Water opens this weekend, with early screenings tonight. Retweet this if you can say #IamSeeingAvatarAtAMC
Things that make you go humm. Back in March AMC went from $16 to $28 and then $34 before BS halt and drop kicked back to $28. But where were all the MSM artciles saying no reason to buy AMC at all..when it was making that move?
AMC Fundamentals better now and yet FUD all over.
Small steps forward are still steps forward. AMC Entertainment announced today that we have taken another positive step along our recovery glidepath. We were able to repay and retire $72.5 of long term debt for only $50.0 million. We got a meaningful 31% discount.
This was AMC’s most attended/highest grossing weekend in 2022 so far. More than 5.9 million guests joined us globally. Admissions revenue about DOUBLE the same weekend of 2021, and 12% above 2019 pre-pandemic. To industry doubters who predict extinction of theatres: #CHOKEonTHAT
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