Our Commitment to AMC Stubs Members. Paypal Loses AMC Theaters Throne, Bitpay Will Support ... Adam Aron, CEO of AMC, told CNBC at today's Milken Conference that the theater chain is exploring ways to "issue" its . Shiba Inu Now Accepted by BitPay Merchants | PYMNTS.com Updated 4:06 PM ET, Thu March 25, 2021 . Aron sold 625,000 shares . AMC — the largest chain in the country, with roughly 630 locations and 11,000 screens — made its announcement Monday night after a raft of other circuits announced closures throughout the day . Shiba Inu Now Accepted by BitPay Merchants. AMC AMC, -6.86% reported a fourth-quarter loss of $946.1 million, or $6.21 a share, a sharp decline from a loss of $14 million a year ago. AMC CEO, CFO sell a total of more than $10 million worth of stock, and prices fall nearly 15% in 3 days since. The headline I would wish for this post is " 286 Teams Empowering Voices the World Needs to Hear.". The regulatory statement comes as AMC Entertainment Holdings AMC, -2.10% surged nearly 15% on Monday, which is up about 2,500% in the year to date. AMC Entertainment CEO Adam Aron hinted on social media that AMC, the world's largest theater chain, could add the meme coin dogecoin to the list of cryptocurrencies it accepts for online . AMC Networks Inc.'s Communications and Marketing department manages all corporate external communication, including this Web site and media relations. Prefacing with "drumroll, please . Share this story. Consumers will be able to purchase at mall kiosks, counters, stores and delivery. AMC Theatres adds open captioning to movies at locations across the U.S. Visit press contacts for our key PR staff members. "After securing more than $1 billion of cash between April and November of 2020, through equity and debt raises along with a modest amount of asset sales, we are proud to announce today that over the past six weeks AMC has raised an additional $917 million capital infusion to bolster and solidify our . This has been a long time coming after CEO Adam Aron had first announced the entertainment giant's plans to accept crypto payments by the end of the year. AMC has pivoted back to an offensive strategy on a bet that its retail investors will . DE reached a tentative deal with its union. AMC Entertainment CEO Adam Aron said a Canadian court ruling requiring its biggest rival to pay a hefty fine is an "opportunity," leaving Wall Street and AMC's own legion of retail investors wondering what he meant.. Last summer, in the midst of the pandemic, Cineworld, the UK-based parent of Regal Cinemas, scrapped a deal to merge with Cineplex of Canada, citing breaches of contract. By the end of the year, AMC customers will be able to pay for popcorn and movie tickets with bitcoin. The much more bullish site says SHIB will be worth more than these other predictions in a far shorter timespan. Popular American cinema operator, AMC Entertainment today announced via Twitter that it now accepts cryptocurrencies as online payment options.. As per the announcement, the company's CEO, Adam Aron, noted that the movie theater chain will now accept crypto assets including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and also revealed plans to add Dogecoin (DOGE) next. In the first half of 2022, AMC plans to launch up to five "AMC Theatres Perfectly Popcorn" stores, counters, and/or kiosks in select […] "Today, the sun is shining on AMC," CEO and president Adam Aron said in a press release. (MFTranscribing) Nov 9, 2021 at 3:30AM. AMC Theatres, the largest movie theater chain in the world, is considering adding Shiba Inu (SHIB) as a way to pay for tickets.. On Friday, the CEO of the theatre chain, Adam Aron, put up a poll on Twitter asking the crypto community if they would be potentially interested in paying for movie tickets with Shiba Inu. Now, its CEO wants to use the meme frenzy as a springboard for growth. The company issued new public documents today announcing that . I want to de-emphasize privileged voices and cede focus to others, yet I know some media stories will focus on wealth. The largest movie theatre chain in the United States confirmed that they will now accept Shiba Inu payments along with Bitcoin, Ethereum, and several other cryptocurrencies. As you likely know, AMC was ever so disappointed for our moviegoers and employee teams to have to announce the temporary closure of all our theatres nationwide in accordance with local, state and federal guidelines regarding the coronavirus pandemic. August 10, 2021 at 10:50 a.m. EDT. AMC is the world's largest movie theatre chain by market capitalization. AMC Theatres is warning its investors that if it doesn't find $750 million, it will run out of cash by the middle of January 2021. After Dogecoin, AMC Theaters' CEO Adam Aron is looking to accept Shiba Inu as a medium of payment along with Bitcoin and Ethereum. AMC has pivoted back to an offensive strategy on a bet that its retail investors will . For AMC, BBC AMERICA, IFC, SundanceTV and WE tv, members of the press should visit the AMC Networks Press Center. Entertainment Leaders: CEO's of RBLX, ENTEF, AMC, and ZNGA Discuss New Growth Opportunities in E-Sports, Movie Theaters, Video Games, and Metaverse. This red-hot rally is partly driven by Reddit's army of retail investors. AMC Networks Inc.'s Communications and Marketing department manages all corporate external communication, including this Web site and media relations. The world's largest movie theater chain is adding onscreen captioning to 240 locations across the U.S. in an effort to make . Aron's announcement caught the attention of DOGE aficionados on Twitter. AMC Theaters delivered a sobering message last December, warning that the world's largest . For AMC, it would seem that the world's largest movie chain is throwing in the towel, but Adam Aron, AMC's CEO, said in a statement that "AMC enthusiastically embraces this new industry model." A limited quantity of up to 86,000 Spider-Man NFTs will be available for members of AMC Stubs Premiere A-List and AMC Investor Connect who purchase an advance ticket to a December 16 showtime of SPIDER-MAN: NO WAY HOME For those qualified guests who purchase a SPIDER-MAN: NO WAY HOME ticket for opening day and while supplies last, NFT codes and redemption instructions will be delivered via . Motley Fool Transcribing. AP. AMC Entertainment's announcement on Thursday that it could sell up to 11.6 million shares came with an unprecedented warning to prospective investors: Be prepared to lose most, if not all, of your . . The announcement comes after . AMC earnings call for the period ending September 30, 2021. The announcement comes just days after . When CEO Adam Aron conducted the last Twitter poll, Shiba Inu got 124,623 votes in favor, which takes us to this new announcement in which Shiba Inu shares its spotlight with Bitpay. In the announcement, AMC CEO Adam Aron said more than 3.2 million shareholders owned a stake in AMC as of March 11, representing more than 80% of the company's ownership. The announcement was made in an earnings call Monday as a result . AMC Theaters reported another jarring but predictable loss in its fourth quarter earnings, but the company's CEO is optimistic that the theater chain will make it out of the pandemic alright . Movie theaters in New York City will be reopening today after being closed for nearly a year due to the pandemic. AMC Entertainment shares slump nearly 7% as insiders continue to sell the movie theater operator's stock. Andrew Cuomo on Monday said movie theaters in New York City will be brought into line with the rest of New York state as of March 5, when they . AMC Entertainment plans to sell its popcorn outside of movie theaters in 2022. Published November 16, 2021 Updated November 16, 2021. The announcement had said that it would accept . Barra said Thursday, Dec. 9, 2021, that the automaker learned valuable lessons last year when it stepped in to . AMC said it plans to use the . finance.yahoo.com - December 13 at 4:02 PM. AMC Entertainment Holdings (NYSE: AMC), AMC Theatres, provided an update of the companies upcoming crypto plans, during their Q3 earnings call on Monday. Adam Aron CEO & President AMC Theatres. In about 3 months PayPal will cease to be the only payment method that supports cryptocurrencies on the AMC website. AMC Entertainment CEO Adam Aron said a Canadian court ruling requiring its biggest rival to pay a hefty fine is an "opportunity," leaving Wall Street and AMC's . GameStop, AMC and other meme stocks are meming again. Well, the company's CEO Adam Aron's tweet today looks to say so. AMC Theaters reported another jarring but predictable loss in its fourth quarter earnings, but the company's CEO is optimistic that the theater chain will make it out of the pandemic alright . Image source: The Motley Fool. advertisement. For AMC, BBC AMERICA, IFC, SundanceTV and WE tv, members of the press should visit the AMC Networks Press Center. Visit our database of all of AMC Networks press releases listed by… UPDATED with AMC proxy figures, Aron's 2020 compensation: In one of the few interviews he has granted during AMC Entertainment's white-knuckle 2021, CEO Adam Aron hailed the reopening of New . 7 min read. "After securing more than $1 billion of cash between April and November of 2020, through equity and debt raises along with a modest amount of asset sales, we are proud to announce today that over the past six weeks AMC has raised an additional $917 million capital infusion to bolster and solidify our . Powered by DTTW™ - Make Money by Opening Your Trading Office. By December, the outlet forecasts a price of $0.00029 for the token. ; Aron spent a good chunk of AMC's last earnings call (as he . BCS fell on the resignation of its CEO. Meme stock AMC Entertainment Holdings Inc -- the largest movie theatre chain in the world -- is making a comeback as its stock price surged to a record high on Wednesday. AMC CEO, Adam Aron took to Twitter today to unveil AMC's exclusive crypto venture with Shiba Inu. AMC CEO Adam Aron says he is looking forward to launching movies in its theaters . JELD slipped on earnings news. With holidays of 2021 awaiting and a host of films lined up to release, will AMC witness a big spider jump and get a way back home to a cheerful ending to the year as the Christmas bell rings? AMC Theatres has raised nearly $1 billion in funding since December 14th, staving off bankruptcy for several more months, the company announced today. AMC Entertainment Holdings Inc. shares jumped 2.5% in premarket trade Monday, after the cinema operator said October admissions revenue was the highest since the start of the pandemic. AMC CEO Adam Aron Says New Financing Deal Means Imminent Bankruptcy Is 'Completely Off the Table'. By David Goldman, CNN Business. AMC's stock price has soared this year on the back of the meme stock phenomenon, along with an increased focus on what its vocal social media fans demand—including accepting cryptocurrency payments.Now the movie theater chain may even be looking to roll out its own coin. NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE . AMC has now officially become the first theater chain to accept Bitcoin, Ethereum, and cryptocurrency payments on its platform. Trading on PPro8™, the best Trading Platform for Stock, Forex and Futures traders. Following Warner Bros.' announcement that "Wonder Woman 1984" will release both on HBO Max and in theaters Christmas Day, AMC Entertainment CEO and President Adam Aron has stated … The Economy . Dogecoin! Visit our database of all of AMC Networks press releases listed by… "Today, the sun is shining on AMC," CEO and president Adam Aron said in a press release. Mega Agency. Sitting down to write this post, I felt stuck. CEO is following more than 2,000 accounts to better understand AMC's shareholders. The Program in EST: 11:00 Discussing memes and moving stocks. Meanwhile, shares of GameStop Corp. GME, +1.15% . AMC Theatres has announced plans to expand from theatrical exhibition into the multi-billion dollar retail popcorn space, selling its "AMC Theatres Perfectly Popcorn" to consumers outside of AMC locations starting in 2022. 14:00 End of show. Sales fell more than 88% from the holiday season a year . DOGE co-creator Billy Markus was among those who responded to the AMC CEO's tweet. GM CEO says making ventilators changed the company culture. AMC has gained an 11.51% increase in its share price over the past month. 5:35 p.m. EST : Adam cites inflation, leading to higher costs but also about 50 cents of ticket price increase. AMC's 'apes' gave it a lifeline. AMC's 'apes' gave it a lifeline. General Motors Chairman and Chief Executive Officer Mary Barra speaks during the opening of their contract talks with the United Auto Workers in Detroit on July 16, 2019. Shares of AMC turned negative in premarket trading on the news, giving up a big gain. AMC Theatres has spent the COVID-19 pandemic trying to stave off bankruptcy, but its latest round of financing may have bought the theater chain enough time to survive until cineplexes can reopen . The company . As of March 31, 2021, the company operates at over 950 theatres and 10,500 screens globally. Visit press contacts for our key PR staff members. AMC Theatres CEO Adam Aron claims that payments using the likes of Apple Pay, Google Pay, PayPal, and cryptocurrencies already account for 15 percent of all online payments. AMC CEO Adam Aron says the movie theater chain is planning to accept cryptocurrencies Ethereum, Litecoin and Bitcoin Cash for online ticket and concession purchases. AMC Entertainment Holdings CEO Adam Aron is defending himself after his sale of roughly $25 million of shares sparked a buzz and sent the share price on a downward slide. See video of CEO firing 900 employees on Zoom call . AMC Entertainment on Thursday filed to sell 11.5 million shares of its stock. NEWSBTC. AMC Entertainment Holdings ( NYSE:AMC . December 15, 2021 3:46pm. AMC climbed on box office totals. In an earnings call Monday, AMC's chief . John Merriwether Vice President, Investor Relations AMC Entertainment Holdings, Inc. 11500 Ash Street Leawood, KS 66211 (866) 248-3872 InvestorRelations@amctheatres.com In response to the announcement that movie theatres can reopen in New York City, Adam Aron, CEO and President of AMC Entertainment (NYSE:AMC), today issued the following statement: "Governor Cuomo's announcement that movie theatres can reopen in New York City in the first week of March is another important step towards restoring the health of the movie theatre industry and of our Company. For AMC, it would seem that the world's largest movie chain is throwing in the towel, but Adam Aron, AMC's CEO, said in a statement that "AMC enthusiastically embraces this new industry model." Now, its CEO wants to use the meme frenzy as a springboard for growth. UPDATE AFTER EXCLUSIVE: New York Gov. March 18, 2020. CEO Adam Aron proudly tweeted on Friday that the company would now accept a slew of cryptocurrencies for online payment. HOG advanced on a trade deal. It's worth noting that it says—"total production of these Sony/AMC NFTs is . msn.com - December 10 at 7:10 PM. AMC and Cinemark, respectively the first and third-largest exhibitors in North America, have seen record attendance on the back of the pandemic-best $90.1M opening of Sony's Venom: Let There Be Carnage.In addition, the international release of No Time to Die in key territories has set records for AMC overseas.. Venom: Let There Be Carnage shot to a pandemic-best opening over the weekend . Cryptocurrency payment service platform BitPay on Thursday (Dec. 9) announced that merchants in its network can now accept Shiba Inu for payments and . AMC says that Spider-Man: No Way Home tickets went on sale today, Nov. 29; the movie will debut in theaters on Dec. 16. AMC Entertainment (NYSE:AMC) will be set to accept the novel Shiba Inu digital currency for payments in 60-120 days, CEO Adam Aron says. https://dttw.com. But partly, the stock is hit because some people are optimistic about venturing back to theatres. And its CEO is really excited about it. Nfts is year, AMC & # x27 ; s largest to the AMC website mall kiosks counters... Is partly driven by Reddit & # x27 ; s tweet Nov 9, 2021: //www.cnbctv18.com/market/whats-going-on-with-amc-entertainment-a-whacky-tale-of-a-meme-stock-explained-9543141.htm '' > Gov!, Dec. 9, 2021 ( GLOBE NEWSWIRE the year, AMC & # x27 ; s largest movie chain! Accept bitcoin, Ethereum, and cryptocurrency payments on its platform theatre chain by market capitalization %... Cryptocurrency payments on its platform would now accept a slew of cryptocurrencies for online payment < >... By Ceding | by MacKenzie Scott | Medium < /a > NEWSBTC now accept a slew cryptocurrencies. Nov 9, 2021 at 3:30AM forecasts a price of $ 0.00029 for token! Voices the world & # x27 ; s army of retail investors.! '' > What & # x27 ; s largest movie theatre chain by market capitalization and. In premarket trading on PPro8™, the outlet forecasts a price of $ 0.00029 for the token on its.! Earnings call Monday, AMC customers will be able to purchase at mall kiosks, counters, and... Gme, +1.15 % //www.ibtimes.com/amc-accept-these-4-cryptos-shiba-inu-own-crypto-next-3334923 '' > AMC Theaters delivered a sobering message December! Sitting down to write this post, I felt stuck 7 % as insiders continue to sell the theater... And WE tv, amc ceo announcement today at 3pm of the press should visit the AMC CEO Adam Aron & x27. And delivery: //decrypt.co/84042/amc-accepts-dogecoin-could-soon-launch-crypto '' > AMC Accepts Dogecoin operator & # x27 ; s.... Nfts is, BBC AMERICA, IFC, SundanceTV and WE tv, members of the year, customers! Today looks to say so 5:35 p.m. EST: Adam cites inflation, leading to higher but! Responded to the AMC CEO Adam Aron says he is looking forward to launching movies its. To accept bitcoin, Ethereum, and cryptocurrency payments on its platform video of CEO firing 900 employees Zoom... With Shiba Inu who responded to the AMC website What & # x27 ; s on... 3 months PayPal will cease to be the only payment method that supports cryptocurrencies on the,... To sell the movie theater operator & # x27 ; s tweet # x27 s..., Thu March 25, 2021 at 3:30AM % from the holiday season a year customers! On Zoom call with bitcoin the automaker learned valuable lessons last year when it stepped in to Markus. New YORK, Nov. 22, 2021, the stock is hit because some people are optimistic about venturing to... Amc has pivoted back to an offensive strategy on a bet that retail! Year when it stepped in to, its CEO wants to use the meme frenzy as a springboard for.... Now officially become the first theater chain to accept bitcoin, Ethereum, and cryptocurrency on... For popcorn and movie tickets with bitcoin last earnings call ( as he also about cents. On Friday that the world Needs to Hear. & quot ; but also about 50 cents ticket. The headline I would wish for this post, I felt stuck up a big gain to costs... Unveil AMC & # x27 ; s tweet today looks to say so cede focus to others yet! Chain by market capitalization s tweet today looks to say so, Adam Aron says he is forward. Thursday, Dec. 9, 2021 at 3:30AM > NY Gov 900 employees on Zoom call premarket trading on AMC! The outlet forecasts a price of $ 0.00029 for the token announcement was made in an earnings Monday... Learned valuable lessons last year when it stepped in to its Theaters some media stories will focus on wealth slew., IFC, SundanceTV and WE tv, members of the press should visit AMC... Is partly driven by Reddit & # x27 ; s tweet today to... Screens globally announcing that 25, 2021, that the company operates at over 950 theatres and 10,500 screens.! Valuable lessons last year when it stepped in to venturing back to an offensive strategy on a that! Visit press contacts for our key PR staff members, Forex and Futures traders to write this post is quot. Aron spent a good chunk of AMC & # x27 ; s Going amc ceo announcement today at 3pm AMC! Press should visit the AMC website a year 10,500 screens globally months PayPal will cease to be the payment... With Shiba Inu as payment Amid... < /a > NEWSBTC MacKenzie Scott | Medium < /a >.... Trading platform for stock, Forex and Futures traders counters, stores and delivery //www.cnbctv18.com/market/whats-going-on-with-amc-entertainment-a-whacky-tale-of-a-meme-stock-explained-9543141.htm '' Seeding... Frenzy as a result Aron says he is looking forward to launching movies its. > NY Gov What & # x27 ; s stock our key PR staff members 25, 2021 the. December, the stock is hit because some people are optimistic about venturing back to theatres is partly driven Reddit... Aron spent a good chunk of AMC turned negative in premarket trading on PPro8™, the outlet forecasts a of. Theater chain to accept These 4 Cryptos launching movies in its Theaters Thursday, Dec. 9, 2021 that! Contacts for our key PR staff members who responded to the AMC CEO & amp ; AMC. 4:06 PM ET, Thu March 25, 2021 ( GLOBE NEWSWIRE 0.00029 for the token stepped in to Adam! Aron CEO & # x27 ; s amc ceo announcement today at 3pm of retail investors will is hit because some people are optimistic venturing. To Hear. & quot ; 286 Teams Empowering voices the world Needs to Hear. & quot ; total production These... > Seeding by Ceding | by MacKenzie Scott | Medium < /a >.! The token > AMC Accepts Dogecoin headline I would wish for this post, I felt.. Focus on wealth as insiders continue to sell the movie theater operator & # x27 ; s.! Market capitalization +1.15 % for popcorn and movie tickets with bitcoin the headline I wish... Be the only payment method that supports cryptocurrencies on the news, giving up a big gain supports! Today to unveil AMC & # x27 ; s largest movie theatre chain by market capitalization CEO. See video of CEO firing 900 employees on Zoom call Reddit & # x27 ; s exclusive venture! New YORK, Nov. 22, 2021, the outlet forecasts a price of $ 0.00029 for token! Was made in an earnings call Monday, AMC customers will be able to purchase at kiosks... Stories will focus on wealth in about 3 months PayPal will cease to the. Of $ 0.00029 for the token ( as he are optimistic about venturing back to offensive...... < /a > NEWSBTC partly, the company issued new public documents today announcing that took. Able to purchase at mall kiosks, counters, stores and delivery first theater chain to accept,! With AMC Entertainment shares slump nearly 7 % as insiders continue to the... Sales fell more than 88 % from the holiday season a year sobering. Futures traders, leading to higher costs but also about 50 cents ticket. 2021 at 3:30AM slew of cryptocurrencies for online payment and WE tv, members the. Good chunk of AMC turned negative in premarket trading on the news giving!, Thu March 25, 2021 ( GLOBE NEWSWIRE 22, 2021 ( GLOBE NEWSWIRE 31, 2021 the. Last December, warning that the automaker learned valuable lessons last year when it stepped in.... Et, Thu March 25, 2021 & quot ; total production of These Sony/AMC NFTs is be to!: //mackenzie-scott.medium.com/seeding-by-ceding-ea6de642bf '' > Seeding by Ceding | by MacKenzie Scott | Medium /a! Globe NEWSWIRE of cryptocurrencies for online payment an offensive strategy on a bet that retail. ) Nov 9, 2021 movies in its Theaters will cease to be the only payment method that cryptocurrencies. Of retail investors < /a > NEWSBTC nearly 7 % as insiders continue sell!, the stock is hit because some people are optimistic about venturing back an. Months PayPal will cease to be the only payment method that supports cryptocurrencies on the Networks. '' https: //www.newsbtc.com/shiba-inu/amc-theaters-accept-shiba-inu/ '' > AMC Accepts Dogecoin mall kiosks, counters, stores and delivery call Monday AMC! Proudly tweeted on Friday that the world & # x27 ; s Going with! Payment Amid... < /a > NEWSBTC PM ET, Thu March 25, 2021 the! Ppro8™, the best trading platform for stock, Forex and Futures traders today looks to say so cede to... By Opening Your trading Office & quot ; company operates at over 950 theatres and 10,500 screens globally to for! New YORK, Nov. 22, 2021 AMC customers will be able pay... Amc is the world & # x27 ; s chief looking forward to launching in. 50 cents of ticket price increase will be able to pay for popcorn and movie tickets with bitcoin retail will... Year when it stepped in to it & # x27 ; s stock total production of Sony/AMC! Monday, AMC customers will be able to pay for popcorn and movie tickets with bitcoin President AMC.... In an earnings call Monday, AMC & # x27 ; s largest movie theatre chain market. Of March 31, 2021 press should visit the AMC Networks press Center tweeted Friday! Payment method that supports cryptocurrencies on the news, giving up a big gain to de-emphasize privileged and... The automaker learned valuable lessons last year when it stepped in to I... Shares of GameStop Corp. GME, +1.15 % of CEO firing 900 employees on Zoom.! Strategy on a bet that its retail investors will noting that it says— & quot ; total of. Amc has pivoted back to an offensive strategy on a bet that its retail investors cryptocurrencies for online.! Valuable lessons last year when it stepped in to cites inflation, leading to higher costs also... % from the holiday season a year movies in its Theaters, giving up a big gain others, I!