Tag: AMC Entertainment News (Page 1 of 2)

Adam Aron Fights Fake AMC Token: Calls it a “Sham”

Adam Aron on AMC token
Adam Aron on AMC Token – CEO fights back

Scammers on social media have been pumping a fake AMC token by the name of xAMC.

Fake indeed because the pumpers claim to be part of the ‘ape community’.

However, the community can spot a grifter from miles away – big mistake.

The project’s name has been changed from “The AMC Token” to “The Apes Movement Community Token”.

These scammers are targeting the ‘ape’ community and AMC President and CEO Adam Aron has called them out stating, “we are fighting them hard.”

I was threatened to get sued by their ringleader after a voicemail was left on my business phone number, but more on that later.

I won’t release their name or voicemail, for now.

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Adam Aron says they are fighting AMC token scammers

For over a month now the AMC token scammers continuously commented on various Twitter posts where AMC shareholders would engage in.

The scammers began to hype this AMC token in efforts to get AMC shareholders to buy the cryptocurrency.

So, who are these scammers?

I published an article weeks ago exposing them here.

A day later these scammers began to harass me on social media and the ringleader exposed himself entirely when he left a voicemail on my business number.

I was threatened to get sued if I did not take down my article exposing the grifters.

That was a big mistake because I now have their personal contact information and Adam Aron could be taking legal matters into his own hands.

Adam Aron said on Twitter:

“The AMC Token” (after our vigorous protest: “The Apes Movement Community Token”) is a total sham.”

“AMC Entertainment has nothing to do with this blatant violation of our registered trademark, and attempted theft of our name/reputation. We are fighting them hard. Don’t be fooled!

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AMC Invests $250m in State of The Art Laser Projectors

AMC laser projectors
Business news: AMC Laser Projectors

AMC CEO and President Adam Aron just announced on Friday the movie theatre company spent a quarter billion dollars in state of the art laser projectors.

The world’s largest movie theatre chain also acquired 7 new movie theatres earlier in April.

The markets are currently bleeding and AMC is no exception, but I have a feeling all this bullish news is going to sling-shot AMC during a bull market.

Let’s talk about it.

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Adam Aron announces new state of the art lasers

AMC Laser Projector
Laser at AMC

Today Adam Aron announced “Laser at AMC”.

A quarter of a billion dollars were used to upgrade the move theatre experience for avid movie goers, according to the CEO.

AMC Entertainment is switching old projectors for state of the art laser projections.

The laser projections are going to provide guests with much brighter and sharper pictures on screen.

This is also the greenest environmental initiative in AMC’s 102 years, according to Adam.

The investment is going to elevate the movie experience for movie-goers and attract new guests to AMC movie theatres.

I’m excited to see AMC innovate and prove adversaries wrong as the company continues to grow and expand.

AMC leads the industry with increased acquisitions

AMC Entertainment acquired 7 Bow Tie Cinemas locations earlier in April.

Five of which are in Connecticut, one in upstate New York, and another one in Annapolis, Maryland.

The new movie theatres in Connecticut will double AMC’s presence in the state.

AMC also acquired several Cinemark Cinemas locations.

The theatre chain reopened Cinemark’s former lease as AMC Evanston 12 in Chicago earlier this year.

Last year the movie theatre chain took over the famous Gove and Americana theatres in Los Angeles.

Both of which were listed in the top 30 most successful movie theatres in the world.

Not to mention, the 22% stake acquisition of silver and gold mining company Hycroft (HYMC).

Read: AMC Theatres: The Most Anticipated Movies Coming in 2022

What innovations would you like to see within AMC movie theatres?

AMC Laser Projectors – Laser at AMC

AMC theaters is innovating in so many ways right now.

How can the world’s largest movie theatre chain create a larger experience for its guests?

VR? 4D enhancement with fragrances and other interactions?

Leave a comment below.

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AMC Short Sellers Suffer More Than $750 Million

AMC Short Sellers lose more than $750 million
Short sellers lose more than $750 million shorting AMC stock

AMC short sellers are facing massive losses.

Short sellers have lost more than $750 million in the past two weeks alone.

AMC is up more than 84% in the past five trading days closing up more than 44% today.

Should we expect more price surges this week?

Let’s break it down together.

franknez.com

Welcome to Franknez.com – Today AMC is experiencing a gamma squeeze. This is going to be an exciting week for shareholders.

Let’s dive right into it!

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AMC’s volume skyrockets past 200 million

AMC Stock

Last week AMC’s trading volume reached 130 million, a milestone we have not seen since last year prior to its runup to $72 per share.

Today AMC’s volume skyrocketed past 200 million.

A clear sign the stock is getting ready for higher price action.

In the midst of these runups, short sellers have lost more than $750 million dollars in the past two weeks alone.

And this is only so far as momentum will keep driving AMC forward.

AMC short sellers are about to experience greater losses if they continue to hold their positions.

History is about to repeat itself as AMC aims at reaching a new all-time high for 2022.

The question is how high will AMC go?

Has AMC’s short squeeze started?

AMC short squeeze
Is AMC squeezing?

AMC’s current reported short interest is 20.90%.

We will notice short covering in the market when this number figure begins to decline.

When AMC surged to $72 per share last year, we saw the short interest drop from 20% to 14%.

AMC short sellers jumped in again and the short interest has risen to almost 21% since.

As of today, AMC’s short interest has not changed.

We should have a better understanding whether AMC’s runup has been mere momentum from retail, or short covering in the next day or two.

I update AMC’s short interest data here daily so be sure to bookmark it.

You can subscribe to the blog or follow me on social media for regular updates.

What’s currently moving AMC’s price action may also be options that expired in the money last week.

I’d love to hear your thoughts in the comment section below on what you think.

How soon will AMC squeeze?

AMC Short Sellers

AMC had two main runup points.

One towards the end of January and another in May of 2021.

While both events managed to squeeze a few shorts from their positions, hedge funds continued to overleverage their positions.

Shareholders have held their stock to inevitably send AMC’s share price to unprecedented numbers by squeezing hedge funds out.

Financial institutions around the globe are facing liquidity issues.

These liquidity issues are forcing institutions to keep up with their margin requirements as margin calls are triggered.

While the market takes a dump due to hedge fund selloffs, heavily shorted stocks such as AMC and GameStop will trigger short sellers to close their positions.

AMC’s trading volume surpassed 200 million on Monday and the probability of it increasing in the coming days is very high.

At some point, shorting the stock won’t be worth if for short sellers, especially as the cost to borrow the stock soars.

AMC has increased its retail shareholder base from 3 million to 4 million in the past year.

More investors have uncovered the short interest data that shows AMC has the perfect short squeeze setup.

Whether MOASS is just around the corner, or this is merely another massive price runup, there’s no denying significant gains are on their way.

What do you think?

Leave your thoughts in the comment section below.

AMC short sellers are going to be in a lot of pain.

Will it be from gamma, or from MOASS?

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AMC’s Hycroft Raises an Astonishing $195m in Two Weeks

AMC Hycroft $195 million
HYMC News – AMC Hycroft News

AMC’s Hycroft mining company just raised $195 million in only a matter of two weeks!

Corporate media was quick to judge the movie theatre chain’s diversification but as Adam Aron says, let them eat crow!

AMC Entertainment announced on Tuesday, March 15th that it had acquired a 22% stake in Hycroft (HYMC).

Shareholders technically now own silver and gold, but you especially own silver and gold if you’re invested in the company.

HYMC stock is up more than 3% this week but surged almost 22% afterhours on Friday.

Let’s break it down together.

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AMC partners up with billionaire Eric Sprott

Eric Sprott
HYMC News – AMC Hycroft News

Both AMC and billionaire businessman Eric Sprott took a large stake in Hyrcoft (HYMC).

Eric Sprott is known for specializing in precious metals and real assets investing.

He is considered one of the world’s leading gold and silver investors.

Combined, AMC and Mr. Sprott invested $56 million in Hycroft (HYMC), or approximately $28 million each.

CEO and president of AMC Entertainment Adam Aron announced on Friday in a tweet a total of $139 million had been raised in additional equity.

This means AMC’s Hycroft raised $195 million in just two weeks!

The stock soared almost 22% after hours when the announcement was made.

And shareholders are loving the CEO’s moves as a short squeeze could be on the horizon.

HYMC short interest data

HYMC’s current short interest percentage is 49.58%.

If you don’t have a subscription to Ortex don’t worry, I update HYMC’s and other heavily shorted stock’s short interest data daily here.

This is a very high short interest figure for a stock.

When you have a short interest this high it’s possible to squeeze shorts from their positions with momentum.

A sharp increase in price could send short sellers running to close their positions before greater losses accrue.

Hycroft’s utilization rate reached 100 and has bounced between 80-90 in the past few days.

We saw a similar pattern occur last year with AMC before it ran up to $72 per share.

Keep an eye out on this stock.

As the market begins to transition into a bull market, we’re going to see many small and mid-cap size companies gain serious traction.

Related: Should you buy HYMC stock or pass on it?

Are you holding HYMC stock?

Let me know in the comment section below.

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Don’t miss the latest market news below!


AMC Entertainment Holdings Stock Ends Trading Week Up 12.46%

AMC Entertainment Holdings Stock
Yahoo Finance – AMC Stock Chart

AMC Entertainment Holdings stock ends the third week of March up 12.46%.

The theatre chain company saw gains of 4.02% on Friday alone.

The stock had lower volume than average but still managed to outperform the market.

AMC Entertainment Holdings stock also ticked upwards of 1.58% after hours.

Is AMC about to see a reversal from its month-to-month declines?

franknez.com

Welcome to Franknez.com – AMC ended the trading week up just over 12% and 4.02% on quadruple witching day. This is bullish.

Let’s dive right into it!

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Together we will fight mainstream media.

Price increases despite lower-than-average volume

AMC Entertainment Holdings Stock
AMC Entertainment Holdings Stock – NYSE: AMC

AMC’s current average daily volume is 44.7 million.

Today the trading volume was significantly lower at 31 million.

Despite being a much lower trading day, AMC Entertainment Holdings stock closed at $15.80.

AMC is up 12.46% in the past week and more than 13% this year.

The company announced on Tuesday it had acquired a 22% stake in silver and gold mining company Hycroft (HYMC -2.17%).

The news boosted AMC’s share price by approximately 7%.

It seems AMC is aligning more with the fundamental values that typically tend to drive stocks in the market.

And for AMC this is a good thing.

After all, more than 90% of the company’s float is owned by retail investors so the momentum will be there when it needs to be there.

S&P 500 shows promising runup

The S&P 500 closed today up 1.10% and 5.61% on the weekly chart.

The SPY or VOO, shows us the overall market as it tracks the top 500 companies in the U.S.

It is currently down -6.95% on a year-to-date basis which reflects how the markets have been trading since the start of 2022.

However, looking at the past month and 6 month charts we can see the S&P 500 slowly begin to pick up with 2% and 3% recoveries.

And by the look at the 5-day chart things are looking rather bullish.

SPY S&P 500 5-Day Chart
Yahoo Finance: SPY S&P 500 5-Day Chart

The SPY could see a little bit of retracement going into the next week.

But I don’t expect any sort of retracement to last long and it’s very possible the market has already found a bottom.

We can expect small and mid-size cap companies to follow the S&P 500’s bullish trend line very soon.

Is now the time to buy stocks?

If you’re basing market trends on the SPY, then the data shows us bullish moves may be around the corner.

In that case, now is the time to add to your portfolio.

Stocks that have been falling sharply since the beginning of the year are going to be reaching price levels from earlier this year.

I anticipate new all-time highs will be the result of this comeback.

What do you think?

Leave a comment down below.

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What Can We Expect from AMC’s Next Earnings Call?

AMC Earnings Call
AMC Earnings Call Q4 Expectations – AMC earnings Date

AMC’s next earnings call is expected to happen on March 1st.

The report will be covering AMC’s financials for Q4 of 2021, the year ‘meme stocks’ stunned the financial world.

The movie theatre company said it expects revenue of about $1.172 billion, up from $162.50 million the year-earlier quarter.

Is AMC Entertainment improving fundamentally?

Here’s what we can expect from AMC’s next earnings call.

franknez.com

Welcome to Franknez.com – AMC’s next earnings call is not too far ahead. I want to go over how the company has grown and what we can expect in the report.

Let’s dive right into it!

AMC’s earnings call for Q1, Q2, and Q3 surprised the entire financial industry to say the very least.

And after AMC said it expects to make more than $1 billion in Q4, the earnings call seems to be one of the most anticipated reports.

AMC Earnings History 2021

AMC Earnings Call 2021
AMC Earnings History – AMC Earnings Call 2021 – AMC earnings Q4 2021 – AMC earnings date

I created a long-form blog post on AMC’s short squeeze but also touched base on the company’s fundamentals and earnings report throughout the year.

You can read the full article here.

Here are the highlights of AMC’s earnings history for Q1, Q2, and Q3 of 2021.

AMC Q1 2021 highlights

  • The retail community is recognized by Adam Aron
  • AMC Entertainment raised over $2 billion in cash to keep them afloat
  • Food and beverage sales are up by 45%
  • AMC Theatres is no longer on the brink of bankruptcy
  • Expectations for Q2-Q4 are significantly much higher

AMC Q2 2021 highlights

  • Increased revenue in tickets/concession
  • AMC to accept Bitcoin as form of payment
  • Adam Aron teases about a GameStop partnership
  • AMC theatres discusses licensing for sports and music events

Read AMC’s full Q2 breakdown here.

AMC Q3 2021 Highlights

  • $763.2 million in revenue
  • Reduced net loss from $905.8 million in 2020 to $224.2 million
  • Up 81% in revenue from Q2 2021 and 488% from Q1 2021
  • AMC Entertainment shows promising path to recovery

Read AMC’s full Q3 breakdown here.

What to expect: AMC Q4 earnings call

AMC earnings call
AMC Earnings Q4 2021, AMC earnings report, AMC earnings date

We can expect AMC Entertainment to break box office records for Q4 .

When looking at AMC’s earnings calls in 2021 you begin to see a trend.

AMC Theatres has seen impressive progress throughout the year despite company and market adversity.

The company already said it is expecting more than $1 billion in revenue for Q4.

The theatre chain had a lot of success with movies such as Spider-Man No Way Home, Godzilla vs Kong, Mortal Kombat, A Quiet Place 2, The Conjuring, and more.

Leave a comment below naming your favorite movie of 2021!

We will get AMC’s Q4 earnings on March 1st.

CEO and President Adam Aron has expressed his confidence in the growth of the company.

In Q4 we can expect to see lowered debt too.

AMC Entertainment has recently refinanced their debt to lower their interest rate.

The company also sold a junk-bond for $950 million which will be allocated towards paying off debt that was due in 2025.

The theatre chain is starting 2022 as a completely new company fundamentally.

Read: The most innovative things happening with AMC today

Should you buy AMC Entertainment stock?

should you buy amc stock
Is AMC stock a buy?

Retail investors buying AMC en masse are buying the stock to squeeze shorts from their positions.

Because the movie theatre chain was in danger of bankruptcy in 2020, short sellers began to heavily short the stock.

AMC’s short interest is currently at 21%, more than enough power to send the stock into the hundreds of dollars per share, perhaps even thousands.

If you’re looking at AMC fundamentally as a company, well, the company has made incredible progress.

Their goal is to completely get out of debt while increasing their revenue streams.

Former Frito-Lay executive Ellen Copaken has joined the team to lead the popcorn business side of things.

Moody’s has also upgraded AMC to Caa2 due to the industry’s rapid recovery.

And with a massive shareholder base, the bullish sentiment and buying power from retail is strong.

Get notified when Q4 results come in

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AMC Entertainment CEO Now Owns 2.3 Million Shares

AMC CEO Adam Aron
AMC CEO and President Adam Aron

AMC Entertainment CEO Adam Aron released his stock ownership on Twitter this week.

The theatre chain leader now owns a total of 2,355,806 shares of AMC Entertainment stock.

Adam Aron had sold millions of AMC shares leading to the end of the year in 2021, a plan he had advised shareholders many months prior in advance.

The CEO said he never sold shares in his time running the company before.

And now he wants to give some of his wealth away.

franknez.com

Welcome to Franknez.com – I want to go over the latest AMC market news with you today. Despite news of conflict around the world, here’s some positive things going on with AMC Entertainment.

Let’s dive right into it!

Join the newsletter to receive weekly market news and AMC stock updates.

AMC Entertainment CEO increases AMC position

AMC CEO increases AMC position
AMC CEO Adam Aron now holds more than 2.3 million shares

When AMC’s CEO Adam Aron was selling shares last year corporate media was running amuck.

Every platform run by News Corp. was attacking AMC’s CEO and mocking the retail community for his decision.

Now that Adam Aron has increased his position in AMC, no one is covering it.

He stated on Twitter that his ownership has risen to 793,974 shares plus 1,561,832 granted but unvested shares, totaling 2,355,806 shares.

“A forceful incentive to do what is best for you and all AMC shareholder” – Adam Aron.

Adam Aron is leading shareholder through example as retail investors continue to buy and hold AMC stock.

The announcement of his share increase came after he mocked short sellers following the federal investigation announcements.

Short sellers and corporate media with ties to hedge funds, market makers, and banks have negatively impacted AMC’s share price.

Now the DOJ and SEC are working together to regulate unfair practices in the market.

Other recent institutions buying AMC stock

Two massive institutions that have appeared on the radar for buying AMC stock have been RenTech and the pension Calpers.

The largest pension in America increased their stake in both AMC and GameStop.

The institution now owns a total of 619,400 shares of AMC and 85,400 shares of GameStop.

Rentech’s most recent filing on the other hand shows the company has been loading up on AMC Entertainment stock all year since the second quarter of 2021.

The financial institution is run by world class mathematician Jim Simmons.

Read: These financial institutions bought more AMC shares in January

Retail investors are currently weary of financial institutions buying AMC and GME stock wondering whether they’re lending the shares or going long.

If they’re being lent out, short sellers are paying a fee to borrow them and eventually have to be bought back.

On the contrary, if institutions are going long this is very bullish considering how much upside potential these heavily shorted stocks have.

AMC’s and GameStop’s reported short interest are both approximately around 20%.

(Updated daily here)

This is more than enough buy-back power to create a short squeeze for both AMC and GameStop.

Adam Aron announced he’s donating $1 million

AMC’s CEO said on Twitter in mid-February that he’s going to be giving away $1 million of his currently owned AMC shares to respectable charities.

“I benefited greatly as retail investors have embraced AMC. That makes it time for me to step up and personally give back.” – Adam Aron

However, because not all charities prefer donations in stock, 1/3 of the $1 million will be donated in AMC stock while the remaining 2/3 will be in cash.

Will donating 333,333 shares of AMC stock affect retail?

In short, no.

At least not unless the charity cashes in the donation.

See, charities are able to receive tax-free benefits by holding the stock so there is definitely an incentive to not sell the shares.

Well done Adam Aron.

How are you feeling about Adam Aron?

Adam Aron
AMC Entertainment CEO & President Adam Aron

Adam Aron is known for saving the Norwegian Carnival Cruise Line when it came near bankruptcy.

He is also co-owner of the Philadelphia 76ers and was hailed by Newsweek for transforming the ski-industry during his time at Vail Resorts.

Now he’s embraced the culture and retail community who helped save AMC Entertainment from the pandemic that disrupted the movie theatre industry and the world.

How is Adam Aron doing as AMC’s CEO and President and does the media give him enough credit?

Leave a comment below.

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AMC CEO Adam Aron on Short Sellers

Renaissance Tech Increased AMC Positions by 800% and Sold Tesla

Renaissance Technologies AMC
Renaissance Technologies AMC – Market News

Jim Simmons’ Renaissance Technologies firm just increased their AMC position.

The firm increased its stake in AMC Entertainment by 87% alone just last quarter and trimmed its Tesla position.

RenTech is only one of many financial institutions who loaded up on AMC Entertainment stock early this year.

What does this mean for AMC Theatres and its shareholder base moving forward?

franknez.com

Welcome to Franknez.com – Philanthropist Jim Simmons’ RenTech just increased their position in AMC Entertainment Holdings. I want to talk about why this matters.

Let’s dive right into it!

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One of the biggest financial institutions buys AMC stock

RenTech is one of the biggest and best-performing quantitative investment management companies globally.

The investment fund increased its position in AMC by 800% over a period of nine months.

First it tripled its stake in AMC during the second quarter of 2021, then increased its position by nearly 40% in the third quarter.

During that same quarter Renaissance Technologies quadrupled their stake in Tesla but have trimmed some of their position in the tech company early this year.

RenTech now owns a total of 4,681,833 shares of AMC stock according to this SEC filing.

Jim Simmons is an American Mathematician and considered to be one of the smartest billionaires in the world.

He’s known for his philanthropic efforts in the education community creating jobs for math and science teachers.

Mathematician Jim Simmons

If Jim Simmons’ Renaissance tech is buying AMC Entertainment stock it should mean something.

Did this mathematician calculate something similar to what the retail community has been discussing about for over a year now?

It is certainly an interesting take since AMC is a short squeeze play.

What do you think?

Let me know in the comment section below.

But before you go…

Share this article on social media to raise awareness.

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AMC Entertainment Stock is Up More Than 20% This Week

AMC Entertainment Stock
AMC Entertainment stock is up more than 20% – Latest AMC Entertainment News + More

AMC Entertainment stock is having its first bullish price runup after months of downtrend price action.

The stock is up more than 20% this second week of February.

On Thursday we saw AMC Entertainment stock was up nearly 30% on the weekly chart.

Trading volume surpassed 100 million on Thursday though the stock ended trading red.

What’s causing AMC Entertainment stock to climb now?

Keep reading below.

franknez.com

Welcome to Franknez.com – AMC’s weekly chart is looking rather strong and with the utilization now at 100, it seems we’ve seen this pattern before.

Let’s get right into it!

This week’s AMC news

AMC Entertainment just hired former Frito-Lay executive Ellen Copaken to lead the company’s branded popcorn business.

AMC stock surged 10% after the announcement which tells us the company is beginning to have fundamental value again.

While shareholders might be buying and holding the stock for a short squeeze, CEO and President Adam Aron is focused on the fundamental growth of the company.

Moody’s just upgraded AMC to Caa2, noting a positive outlook for the company in a recovering industry.

With Adam Aron announcing a debt refinance plan, the company is set to pay off its debt originally owed by 2025 this year.

Short interest & utilization

AMC Short Interest

AMC’s short interest data shows us the stock has a perfect setup for a short squeeze play.

Utilization has reached 100 meaning every single share from the supply is out on loan.

These are shares that have been borrowed and at some point, need to be returned or paid back.

AMC’s short interest has reached 22.07%.

This is going play an important role as short sellers begin to close their short positions.

Read: Will AMC stock squeeze in 2022? [Short interest data]

Will AMC Entertainment stock continue to go up?

Will AMC Entertainment stock go up
Will AMC entertainment stock price keep surging? AMC Entertainment News + More

AMC as a company is out of serious trouble.

Adam Aron has his focus on paying company debt, growth, and innovation.

And with a strong shareholder base, AMC Entertainment stock is sure to continue to this upwards trend.

Are you holding AMC stock?

Leave a comment below.

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AMC Spider-Man NFT News: Movie Titles To Go Digital

AMC NFT News Spider-Man NFT
AMC Spider-Man NFT News + More

Adam Aron, CEO and President of AMC Entertainment announced during the Q3 earnings conference call that AMC would be introducing NFT movie titles.

NFTs in short are non-fungible tokens known to store data using blockchain technology.

These are usually in the form of digital arts and may hold exclusive content for the buyer(s).

NFTs are changing the way we transfer information.

AMC NFTs could become extremely valuable depending on how rare certain pieces will be.

franknez.com

Welcome to Franknez.com – today I want to discuss the variety of ways AMC Entertainment can use NFTs to broaden their market. This is exciting.

Let’s get started!

And if you want to read more on NFTs, read this full article I published on what NFTs are and how they’re changing the world.

Today, Adam Aron announced the very first ever Spider-Man NFT is under development with Sony Pictures!

This is big news.

Here’s how NFTs can benefit AMC Entertainment as a company.

AMC Could Offer Exclusive Membership Services

Owning an AMC NFT could mean you have access to exclusive membership services.

This could be in the form of movie premiers for an entire year combined with free popcorn, drinks, and candy for example.

Of course, these NFTs wouldn’t be cheap.

They are after all exclusive tokens.

AMC Entertainment could also limit the number of NFTs for specific benefits.

Blockchain technology allows NFTs to be limited; thus making the token more exclusive, and expensive.

An AMC NFT could offer a limited or variety of benefits to their customers.

Movie Title Collectible NFTs

Movie titles collectible NFTs Spiderman

This is where things get extremely fun and interesting.

AMC Entertainment could make 1 of 1 movie title NFT collectibles.

These NFTs could be worth hundreds of thousands of dollars to even millions of dollars.

Especially if they make one-offs.

AMC could launch these NFTs prior to a movie premier.

The company could then raise a lot of cash based on how iconic and in demand a specific NFT is.

They could also offer other packages, say 5 out of 5.

Perhaps the one-off NFT sold but there are still 5 out of 5 of a different version out there.

NFT collectors will buy these.

See, NFTs are assets that rise in value over time.

These digital assets only get rarer, especially if there’s a limited quantity of them.

This AMC NFT news has collectors quite excited.

These will mainly be favored by movie lovers.

Spiderman No Way Home NFT

Adam Aron has introduced the first ever AMC NFT today.

Spider-Man NFT

AMC Entertainment is partnering up with Sony Pictures for the very first AMC NFTs will be made.

More than 100 unique Spider-Man NFTs will be given away to its first 86,000 online buyers of December 16 tickets for Spider-Man No Way Home.

These will be available only for Stubs Premier, A-List, and Investor Connect members.

Will you be claiming your Spider-Man NFT?

Let me know in the comment section below!

How Are NFTs Purchased?

Ethereum Cryptocurrency

NFTs are purchased with Ethereum (ETH) cryptocurrency.

While certain NFTs do accept other forms of crypto, ETH is the main currency used to purchase these digital assets and collectibles.

And if you don’t hold any ETH, you can purchase fractions of the crypto using Coinbase.

Where will AMC sell their NFTs, we don’t know yet.

While there are several NFT marketplaces, it’s uncertain which marketplace AMC will use or whether they will have their own.

Final Thoughts

franknez.com

These AMC Entertainment news are most certainly bullish.

The company is going to be able to raise a lot of capital from selling NFTs to their customers and to collectors.

There’s a lot of strategy that could be put into action here that would allow AMC to get out of debt too.

As AMC begins to emerge themselves in this NFT space, the value of the company could grow significantly.

The digital world is expanding.

I believe the future is bright if you’re an AMC shareholder.

Subscribe For Updates

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I will be updating this article as this amazing chapter for AMC unfolds.

The launch of the companies first NFT will be featured on this page so be sure to bookmark it or subscribe to the blog to be notified for new updates.

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