Tag: AMC Stocktwits (Page 2 of 21)

AMC Entertainment Acquires 9.1% Stake in National CineMedia

Market News Daily - AMC Entertainment Acquires 9.1% Stake in National CineMedia.
Market News Daily – AMC Entertainment Acquires 9.1% Stake in National CineMedia.

AMC Entertainment (NYSE:AMC) just acquired a 9.1% stake in National CineMedia, Inc. (NASDAQ:NCMI).

Shares of National CineMedia jumped more than +130% after hours on Monday; AMC shares closed the day up nearly +7%.

An SEC filing discloses AMC Entertainment now owns a whopping 16,581,829 shares of NCMI stock, a 9.1% stake in the company.

National CineMedia is an American cinema advertising company.

NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology.

NCM presents cinema advertising across a digital in-theater network across a variety of movie theatres worldwide.

In May 2014, Screenvision entered into a merger agreement with NCM for US$375 million.

The merger was blocked by the Department of Justice over antitrust concerns, since Screenvision and NCM together would supply advertising to 34,000 of the nation’s 39,000 movie theaters.

In March 2015, Screenvision and NCM terminated their deal and NCM paid Screenvision a $26.8 million termination payment.

NCMI Stock Price Today.
NCMI Stock Price Today.

National CineMedia, Inc. Ownership

Market News Daily - AMC Entertainment Acquires 9.1% Stake in National CineMedia.
Market News Daily – AMC Entertainment Acquires 9.1% Stake in National CineMedia.

Amongst AMC Entertainment, other National CineMedia owners include Cinemark Holdings, Regal Entertainment Group, Standard General L.P., BlackRock, and WASATCH Advisors, per Fintel data.

NCMI reported a positive quarterly cash flow of $12.10 million for September 2022.

AMC Entertainment CEO Adam Aron has yet to make an announcement on AMC acquiring a 9.1% stake in National CineMedia at the time of this publication.

The CEO recently shared news that the company had its busiest weekend of 2023 and the company’s third busiest weekend since December 2019.

Latest AMC Stock News

“WHAT A WEEKEND. It’s official. Record revenues for AMC at our U.S. theatres on Easter weekend thanks to strong attendance and superb food and beverage sales. 3.6 million people watched Mario, Air Jordan and more stories on the big screen at AMC! The path to recovery continues,” said the CEO on Twitter.

AMC Entertainment made the following statement:

“AMC, the largest theatrical exhibitor in the United States and the world, today announced it enjoyed its busiest weekend so far in 2023, as more than 3.6 million guests attended a movie at an AMC location in the United States from Friday to Sunday.

The strong audience turnout gave AMC its third busiest Friday to Sunday weekend since December of 2019.

Since reopening in 2020, two of AMC’s top three revenue days occurred this past weekend, including Saturday, which was AMC’s highest revenue day in the United States since theatres reopened.

The weekend attendance was driven by a slate of titles that appealed to a broad range of moviegoing audiences, led by the opening weekend of THE SUPER MARIO BROS. MOVIE, which set box office records of its own this weekend.

New release AIR, and strong holdovers from DUNGEONS AND DRAGONS: HONOR AMONG THIEVES and JOHN WICK: CHAPTER 4 also helped drive weekend attendance.”

Market News Published Daily

Market News Today - AMC Entertainment Acquires 9.1% Stake in National CineMedia.
Market News Today – AMC Entertainment Acquires 9.1% Stake in National CineMedia.

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Amazon and Apple Are Now Contributing Billions to Movie Industry

Amazon and apple are now contributing billion to movie industry
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.

Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL) are now contributing billions of dollars to the movie theatre industry.

This is a great development for AMC Entertainment (NYSE:AMC), the largest movie theatre chain in the world.

“Experts are now projecting that ticket sales will be off about 15% from before the pandemic (with 15% less product) and just about every studio is ramping up output.

After years of negotiations and failed experiments, theater chains and movie studios have reached something of a truce.

Studios will debut most of their movies in theaters and can now make them available at home within a few weeks,” says Bloomberg.

Oh, how the tide has changed.

But will the Wall Street short narrative change?

AMC’s short interest for example continues to rise, currently at 24.98%.

AMC Entertainment stock has dropped -43% in the past month despite being up more than +9% this year-to-date.

Let’s discuss the latest developments happening with Amazon, Apple, and AMC.

Amazon Studios Set to Release “AIR” in Theatres

Amazon Studios has its first-ever original movie debuting in theatres globally on April 5th, 2023.

AIR tells the story of the game-changing partnership between Nike and a then-rookie named Michael Jordan.

Insider information surfaced in November last year that Amazon was planning to invest billions of dollars in the movie theatre industry.

This is the largest commitment to the movie theatre industry by an internet company, says Bloomberg.

The world’s largest online retailer aims to make between 12 and 15 movies annually that will get a theatrical release.

CNBC commented:

“While a $1 billion annual investment for film development is on the lower end of what major Hollywood studios spend each year, it’s a positive sign for the movie theater business, which has struggled in the wake of the pandemic.”

So far, Amazon Studios has 4 original movie titles coming out with dates still to be determined.

Apple to Invest $1 Billion Per Year in Theatrical Titles

Apple to invest $1 billion in Movie Theatres
Amazona and Apple will bring revenue to AMC in theatrical releases.

The movie theatre industry, including the world’s largest movie theatre chain AMC Entertainment, will receive an additional $1 billion per year in theatrical titles from Apple.

Aside from Amazon, Apple’s investment will bring AMC Entertainment more revenue in theatrical releases.

This will allow the theatre chain to continue tackling its debt and continue working towards becoming a profitable company again.

AMC CEO Adam Aron says that the only challenge the theatre chain currently faces is not having enough movie titles to premier.

The investment by Amazon and Apple is a massive win for AMC.

Apple’s investment is part of the tech company’s efforts to raise its profile in Hollywood and lure subscribers to its streaming service, Apple TV+, Bloomberg reported, citing people familiar with the matter.

The commitment to longer theatrical releases is a way for the company to appease talent, who want their projects on the big screen, and drum up awareness for its streaming platform, which is estimated to have between 20 million and 40 million users.

Bloomberg reports that Amazon and Apple must collaborate with various studios who have the knowledge of releasing films in theatres since they cannot release films in theatres on their own yet.

“That’s why Warner Bros. is releasing Creed III and Air abroad, and why Paramount will still distribute Scorsese’s Killers of the Flower Moon for a fee.”

Positive News for AMC Entertainment and Cinema Industry

Amazon and Apple’s contribution to the movie theatre industry is just what AMC Entertainment needed.

What are your thoughts on the latest developments?

Wall Street can no longer fight for the ‘movie theatres are dead’ narrative.

Do you think this will be a game change for AMC Entertainment?

Leave your thoughts below.

Market News Published Daily

Market News Daily: Amazon and Apple are now contributing billions to the movie industry.
Market News Daily: Amazon and Apple are now contributing billions to the movie industry.

For stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media site that keeps retail investors informed.

You can also follow Frank Nez on TwitterInstagramFacebook, or LinkedIn for daily posts.


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