AMC

Movie fans have been trickling back to the cinema after the pandemic upheaval, but the financial pain has intensified for some of the largest theater-industry players.  Cineworld Group PLC, the bankrupt owner of Regal Cinemas, said last week that it has terminated its effort to sell the whole business after failing to attract adequate offers and is moving forward on a plan to transfer ownership to its lenders. AMC Entertainment Holdings Inc., which had a market capitalization of more than $31 billion at the…

Moviegoers line up at the AMC Loews Lincoln Square box office on March 05, 2021 in New York City.Michael Loccisano | Getty ImagesCinema stocks jumped Thursday after a report said Apple plans to spend $1 billion a year on theatrical film releases.The 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.Typically, Apple has released films directly to its streaming platform or…

Victor J. Blue | Getty Images News | Getty ImagesAMC investors voted Tuesday to approve a reverse stock split and the conversion of APE shares into common company shares.The result of the special shareholders meeting is expected to pave the way for the movie theater chain to continue raising cash, reduce its debt load through stock sales and increase its share base. The APE stock was issued less than a year ago.Shares of the company fell more than 15% Tuesday.Preliminary results for Tuesday's meeting show that the APE…

Get our free weekly email for all the latest cinematic news from our film critic Clarisse LoughreyGet our The Life Cinematic email for freeOscars host Jimmy Kimmel poked fun at Nicole Kidman in his opening monologue of the 95th Academy Awards over her viral ad for AMC movie theatres.Kidman stars in a commercial for the chain that was originally shown in September 2021 as part of a campaign to encourage people back into theatres as the Covid-19 pandemic receded.She breathlessly talks about the magic of movie theatres in a…

Including a more-than-$400 million charge tied to a broad restructuring plan that includes layoffs and a decision to remove some legacy shows and films from rotation, the cable-TV company swung to a loss. In November, AMC Networks laid off about 20% of its U.S. employees, and said then-CEO Christina Spade had stepped down. Earnings, when stripping out the restructuring costs and other charges, came to $2.52 a share, topping analysts’ expectations of $1.02 a share. James…

Founder and CEO of 605 Kristin Dolan participates in a keynote panel on the future of video at CES 2018 at Park Theater at Monte Carlo Resort and Casino in Las Vegas on January 10, 2018 in Las Vegas, Nevada.Ethan Miller | Getty ImagesAMC Networks, the company that owns TV channels like AMC and IFC, named Kristin Dolan its new CEO on Wednesday.Dolan, who will become CEO effective Feb. 27, has served on AMC's board and worked closely with the company. She's an industry veteran, and most recently served as CEO of 605, a data…

AMC AMC 3.38% Entertainment Holdings Inc. will exit its equity partnership in Saudi Arabia, the cinema giant said Tuesday, leaving a market that was once considered the world’s final frontier for cinema but proved hard to dominate. A subsidiary of the Saudi sovereign-wealth fund will acquire AMC’s equity stake in their joint venture, giving it 100% ownership, according to a joint statement from the subsidiary, Saudi Entertainment…

Rick and Michonne’s show debuts in 2024.Image: AMCThe main Walking Dead show may be over but the franchise has just begun. AMC just revealed its release schedule for the rest of the series’ spin-offs, including three previously announced ones following Negan and Maggie, Daryl, and Rick and Michonne.It’ll all kick off on May 14 for the eighth and final—yes, final—season of Fear the Walking Dead. Much like The Walking Dead, the final season of Fear will be broken into two halves, with six episodes in May/June, then the…

Image: AMC/TitmouseTV shows getting canceled are nothing new, but the last two or three years have seen shows get abruptly killed off, even as they were already locked in for another season. In some cases, like with GLOW over on Netflix, it was because of the COVID pandemic. But more recently, other series (like The Minx at HBO Max) were gutted to cut costs, even as those shows were basically in the can, production wise.Sadly, that trend looks to continue again in 2023, as Deadline reports that AMC is pulling the plug on…

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014.Richard Levine | Corbis News | Getty ImagesBranded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders' growing concerns, as the movie theater chain's stock hit a fresh 52-week low Wednesday.Shares of AMC have fallen more than 85% so far this year, sinking below $4 as of Wednesday afternoon. The stock drop comes as the company has devised several plans to raise more capital to pay down its…