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Adam Aron, CEO and Chairman of AMC Entertainment announced during the Q2 earnings conference call that AMC theaters would be accepting Bitcoin as online payment for movie tickets by the end of 2021.
Adam said he had been doing deep research in blockchain technology to set up systems to make this happen. The CEO is well aware that its shareholders are big on crypto and wants to further provide value to the community.
In addition, AMC Entertainment will also begin to accept Apple Pay and Google Pay. The chains’ focus at the moment is on providing convenience on top of convenience.
Welcome to Franknez.com – today I want to talk about what this incredible announcement will mean for AMC Entertainment, the stock, and shareholders alike.
Lets get started!
There is so much to talk about here. The Q2 earnings conference call went amazing. AMC shareholders should be just as excited as I am. Cheers to continuous growth.
Adam Aron Shuts Down Naysayers
During the Q2 earning’s call, Adam Aron confidently shut down naysayers doubting AMC’s capabilities and projected growth. The chain is doubling sales through rising attendance and an increased ticket and food sales.
“In short, AMC crushed it in Q2” – Adam Aron.
If you listened to both Q1 and Q2 conference call, then you know just how confident, mature, and innovative AMC projected itself to be this time around.
Rich Greenfield must be planning another way to strike back at the company, that is unless he’s been found with his foot in his mouth.
AMC and GameStop Partnership Teaser
Adam Aron left shareholders in awe after teasing about a possible partnership with GameStop for an ultimate gaming experience in AMC theaters.
He did not say much but did confirm that they are currently discussing innovation to deliver the ultimate move and gaming experience to both their shareholders and guests.
If we’re talking company fundamentals, talks of partnerships and innovation should reflect in both AMC and GME stock in the days to come. I will keep an eye out for more information as more updates unfold.
Warner Bros. Provides Exclusive Window To AMC Entertainment
Warner Brothers and AMC Entertainment just came to an agreement of a 45 day window on new releases. Warner Bros. will not be releasing new films to Disney or other streaming platforms with a 45 day period of its premier.
What a jab to forces claiming AMC Entertainment would lose to online streaming. Streaming services will now be denied access to release new titles as soon as they are released.
Congratulations to AMC Entertainment and CEO Adam Aron on this massive move. As an AMC shareholder it makes me real happy to see this company succeed.
AMC Entertainment Is Working On Bringing Sports To The Big Screen
The AMC UFC showings were a massive success. Showings sold out quick and AMC Entertainment now wants to bring more to the big screen!
“My bet is that we will see more partnerships like this in the near future as venues seek to diversify their offerings and leagues look for increasingly innovative ways to engage fans”, via. Front Office Sports.
Adam Aron announced during the Q2 earnings conference call that the company is working on sealing contracts with the sports industry to screen several type of sport events.
These news has sports fans enthusiastic about new experiences for moviegoers. It’s this type of innovation that will put AMC Entertainment in the eyes of traditional investors who aren’t part of the ape community.
In addition, the CEO is also looking to reserve the rights to showcase more musical events such as that of Chance The Rapper’s ‘Magnificent Coloring World’. Music lovers will get a chance to experience grand shows and performances from the big screen very soon.
‘HODL’, Did You Catch It?
If you didn’t catch this bit during the conference it’s okay. It was very subtle but nonetheless massive news for retail investors.
Adam Aron confirmed him and executives would be ‘holding’ the stock. This means executives cannot sell their shares as AMC’s stock price begins to climb, preventing momentum.
Executives are required to hold their shares under contract for a certain amount of years before they can sell and cash in. For the ape community this means we’re in the clear from the company’s side that is.
So although we don’t have control of what other institutions do as the stock begins to surge again, we know Adam Aron and his team upstairs will not be selling.
A Bright Future Ahead
AMC ended the June 30, 2021 quarter with more than $2 billion of liquidity. This is double the highest quarter ending liquidity level AMC Entertainment has ever had in its 101 year history.
The chain plans to reinvest into the company to enhance the guest experience while increasing it’s revenue through new partnerships in show business.
So, what does this mean for AMC shareholders? Nothing but great news. I expect the buzz will bring in traditional investors for the long haul. AMC stock is the number 1 stock in the market right now and the community only keeps getting stronger.
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Read: AMC Stock August Predictions: Short Squeeze Update
About The Author
buenas noticias para los simios! Me encantan tus post! Incluso traduciendolos al español se pueden leer perfectamente!