AMC Embarks in New Partnership with Vudu Streaming Platform
AMC Entertainment (NYSE:AMC) has embarked in a new partnership with the streaming platform Vudu.
Four years after AMC Theatres launched its on-demand streaming service, AMC Theatres On Demand, the company is now transferring its entire library of films over to Vudu, the Fandango-owned digital video on-demand service.
Vudu announced Thursday that it’s the official new streaming destination for AMC Theatres On Demand, giving users access to over 200,000 movies and TV shows, including the latest hit titles like “The Super Mario Bros. Movie,” “John Wick: Chapter 4,” “Dungeons & Dragons: Honor Among Thieves,” “Avatar: The Way of Water” and more.
AMC Theatres On Demand users will no longer be able to watch, purchase or rent titles on the AMC Theatres On Demand apps or website.
Instead, users will have to create a Vudu account to purchase new titles as well as move over their existing AMC content library.
According to the AMC website, users have until August 31 to transfer their existing movie collection over to Vudu.
AMC Theatres On Demand users that are already on Vudu will also be able to link their accounts.
New Vudu customers get 15% off every purchase during the first month of using the service.
“Today marks a noteworthy partnership for both companies.
AMC is the largest theater chain in the U.S., with 600 theaters and approximately 200 million customers.
Vudu is among the most popular digital video on-demand services, with 60 million registered users,” says TechCrunch.
Statements from AMC Entertainment on New Streaming Platform Partnership
“AMC Theatres On Demand is proud to announce our new partnership with Vudu.
We have selected Vudu as our partner to continue providing exceptional On Demand movie rentals and purchases to our guests, as AMC will no longer offer this service independently.
AMC guests can now gain access to an even more extensive movie library, featuring thousands of FREE titles, 4K UHD quality, Dolby Atmos, and more.”
Vudu offers more than 200,000 new releases and catalog movies and TV shows to rent or buy, including the most extensive collection of 4K UHD titles, plus thousands of titles to watch for FREE.
There is no subscription required, and you can watch from your favorite viewing devices.
Vudu also offers safer family viewing with Kids Mode, Common Sense Media ratings and reviews, parental controls, and more.
“Plus, if you’d like to rent or purchase additional movies, new Vudu customers get 15% off for the first month,” AMC says on its website.
The AMC and Vudu on-demand streaming platform partnership breaks barriers between traditional forms of consuming films versus today’s current modern take with online streaming.
The movie theatre industry has come a long way since the crippling events of the pandemic in 2020.
Latest AMC Entertainment News and Updates
AMC CEO Adam Aron announced that 1 million investors have now enrolled in AMC’s Investor Connect.
Launched in 2021, Investor Connect lets AMC shareholders self-identify through the company’s website to receive special offers and company updates.
“ONE MILLION PEOPLE have now enrolled as members. While I get a few hate messages, AMC is SO fortunate to have passionate retail investors with us. TY, TY, TY!” said Adam Aron on Twitter.
AMC Entertainment announced in early May the movie theatre chain beat Wall Street expectations for its first quarter results.
“Our results for the first quarter of 2023 represent AMC’s strongest first quarter in four full years.
We kicked off 2023 by continuing on our positive glide path to recovery, with more than a 21% growth in total revenues and a $69 million improvement in Adjusted EBITDA compared to the previous year.
The first quarter of 2023 and fourth quarter of 2022 mark the first two consecutive quarters of EBITDA since March of 2020.
This progress is a testament to the ongoing recovery in the industrywide box office, as well as AMC’s enduring commitment to the excellence and innovation as our guests enjoy a superb movie-going experience at our theatres,” said AMC CEO Adam Aron.
AMC Entertainment stock is up more than +17% this year-to-date.
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