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Home/AMC Stock/AMC Celebrates New Pre-Thanksgiving All-Time High Revenue
Market News Today - AMC Celebrates New Pre-Thanksgiving All-Time High Revenue

AMC Celebrates New Pre-Thanksgiving All-Time High Revenue

By Frank Nez
November 26, 2024
2

AMC now celebrates a new pre-Thanksgiving all-time high revenue in its 103-year history, attracting a whopping 4.6 million moviegoers worldwide this past weekend.

AMC Theatres is celebrating a monumental weekend, showcasing a bullish outlook as the company reports record-breaking domestic revenue.

With a remarkable total that includes admissions, food and beverage sales, and merchandise, AMC is clearly riding a wave of success.

Over the weekend, an impressive 4.6 million moviegoers flocked to AMC Theatres in the United States and ODEON Cinemas, AMC’s international subsidiary, from Thursday to Sunday, according to a company press release.

This past Saturday, November 23, marked a significant milestone for ODEON Cinemas, which achieved its highest single-day revenue in 2024, combining admissions with food and beverage sales.

The enthusiasm for cinema is palpable, as fans eagerly embrace the vibrant offerings that AMC has tailored for them.

The popular merchandise program linked to the hit musical WICKED has become a sensation, with items virtually selling out by Sunday.

AMC’s creative approach, featuring unique green and pink popcorn vessels inspired by the main characters Elphaba and Glinda, along with the eye-catching 32-ounce Grippr Cup adorned with translucent toppers, has resonated strongly with audiences.

This merchandise success is a testament to AMC’s ability to enhance the moviegoing experience, turning it into a celebratory event.

Looking ahead, AMC is thrilled to announce that select locations will host WICKED Singalong showtimes starting in late December.

These special screenings invite fans to sing along with their favorite songs, creating an immersive and joyful experience.

More details on these showtimes and participating locations will be released soon, promising to add even more excitement to the holiday season.

AMC’s Chairman and CEO, Adam Aron, expressed his enthusiasm for the weekend’s results, stating, “We are thrilled to report that AMC just achieved our highest revenues for a pre-Thanksgiving weekend in our entire history.

It’s also incredibly rewarding to see 4.6 million guests enjoy our AMC Theatres and ODEON Cinemas over the past four days.

This sets a wonderful tone as we anticipate a bustling holiday moviegoing season.”

Aron also took a moment to recognize the creative talents behind the weekend’s hits.

He extended his congratulations to Jon M. Chu and the team at Universal Pictures for the remarkable success of WICKED, as well as to Sir Ridley Scott and Paramount for their work on GLADIATOR II.

“Both films were expertly crafted and brilliantly marketed,” he added, highlighting the strong demand for cinema experiences that can be enjoyed on the biggest screens with the best sound.

As AMC prepares for the upcoming U.S. Thanksgiving holiday weekend, excitement continues to build.

The highly anticipated release of MOANA 2 is set to open in U.S. theatres on Wednesday, November 27, followed by its debut at ODEON Cinemas in the UK on November 29.

With a lineup of blockbuster films and special events, AMC Theatres is poised for a thriving holiday season, reinforcing its position as a leader in the theatrical exhibition industry.

With such positive momentum, AMC is not just a place to watch movies; it’s becoming a vibrant community hub where fans can gather, celebrate, and create lasting memories.

As the company looks to the future, the signs point to continued growth and success in the ever-evolving landscape of entertainment.

The bullish sentiment surrounding AMC Theatres reflects a broader optimism about the return of audiences to cinemas and the enduring appeal of the big screen experience.

Despite its positive developments, AMC stock continues to trade sideways in the $4 range, closing up nearly 7% on Monday to $4.86.

Read Daily Market News for more developments like this.

Follow me on X for regular updates.

Also Read: JPMorgan Has Now Paid A Whopping $40bn In Violations


Tags:

Adam AronAMC EntertainmentAMC NewsAMC Revenue GrowthAMC StockAMC Stock NewsBusiness NewsEntertainment NewsFinance NewsMarket NewsStock Market NewsTrading
Author

Frank Nez

Frank Nez is an American entrepreneur, journalist, writer, and investor. Frank's work has been cited by SEC and Congressional reports. Franknez.com is a personal finance and market news publication, dedicated to publishing content on money, investing, entrepreneurship, and retail investor news.

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2 Comments
  1. Frank Nez says:
    November 26, 2024 at 12:31 am

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  2. Frank Nez says:
    November 26, 2024 at 12:31 am

    Read Daily Market News – https://franknez.com/ for more news and updates like this.

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