All articles tagged with #amc theatres
AMC Theatres successfully hosted a record-breaking theatrical screening of Netflix's Stranger Things series finale, attracting over 753,000 fans and generating more than $15 million in two days, as part of a growing partnership between AMC and Netflix that is expected to expand in 2026 and beyond.
Netflix and AMC Theatres are collaborating more closely, with AMC agreeing to screen Netflix's 'KPop Demon Hunters' in 300 venues and hosting 'Stranger Things' finale in theaters, signaling a shift towards more theatrical releases from Netflix aimed at boosting reach and fan engagement, despite Netflix's previous stance that cinemas are outdated.
Taylor Swift is releasing a secret movie titled 'The Life of a Showgirl' through AMC Theatres on October 3, coinciding with her new album release, with a limited screening schedule and a focus on premium formats, following the success of her 'Eras Tour' concert film.
AMC Theatres set a new attendance record over the Thanksgiving holiday, with 8.8 million moviegoers visiting from Wednesday to Sunday, driven by popular films like Disney's 'Moana 2', Universal's 'Wicked', and Paramount's 'Gladiator II'. This surge led to record highs in admissions and concessions revenue, surpassing previous Thanksgiving records from 2018. The 5-day holiday period also saw a record $420 million in box office revenue in the U.S. and Canada, highlighting a strong resurgence in moviegoing.
The U.S. box office hit a record $422 million over the Thanksgiving weekend, surpassing the previous 2018 record of $315.6 million. This surge was driven by the releases of 'Moana 2', 'Wicked', and 'Gladiator II', with 'Moana 2' setting a new five-day opening record. AMC Theatres CEO Adam Aron described the weekend as a "national phenomenon," highlighting the success of counterprogramming with high-quality tentpole films. The strong performance signals a post-COVID rebound in moviegoing.
Cynthia Erivo, star of the film adaptation of 'Wicked,' expressed her support for fans singing along during movie screenings, despite some theaters like AMC requesting audiences to refrain from doing so to avoid disruptions. Erivo shared her views during an appearance on the Macy's Thanksgiving Day Parade, highlighting the joy of sharing the musical experience with fans. The debate over audience conduct in theaters continues, with some advocating for a more traditional viewing experience.
Jared Ravizza, a 26-year-old from Chilmark, was arrested after allegedly stabbing four girls at an AMC theater in Braintree and two McDonald's employees in Plymouth. The attacks appeared unprovoked, and all victims suffered non-life-threatening injuries. Ravizza was apprehended after a police chase and is also a suspect in a Connecticut homicide. He has a history of violent behavior, including a recent assault on his father. Ravizza faces multiple charges, including assault with intent to murder.
AMC Theatres has managed to avoid bankruptcy despite significant financial challenges, thanks in part to innovative strategies and partnerships, including a successful concert film with Taylor Swift. CEO Adam Aron has navigated the company through the pandemic, meme stock frenzy, and industry disruptions, while continuing to invest in theater upgrades and new revenue streams. The company faces ongoing financial hurdles but remains optimistic about future box office growth and profitability.
AMC Theatres CEO Adam Aron attributed a significant increase in revenue and EBITDA to the success of distributing Taylor Swift's and Beyoncé's concert films, which outgrossed competitors' theatrical offerings. Despite setbacks in 2023, including labor action delaying new releases, the momentum generated by recent and upcoming blockbusters like "Barbie," "Oppenheimer," "Mean Girls" remake, and "Dune: Part Two" suggests a positive trajectory for movie theaters. The success of the concert films and upcoming releases has revitalized the moviegoing experience, with audiences showing enthusiasm for exclusive merchandise and collectible popcorn buckets.
AMC Theatres will debut three new Nicole Kidman-led ads in its theaters starting in March, featuring a 30-second version of the "We Make Movies Better" ad and two other variations. The campaign emphasizes AMC's state-of-the-art technology and commitment to providing unparalleled cinematic experiences for moviegoers. The original ad, launched in 2021, is known for its iconic line, "Somehow, heartbreak feels good in a place like this," and celebrates its one-year anniversary. Oscar-nominated screenwriter Billy Ray discussed the inspiration behind the ad's "heartbreak" line, highlighting the cathartic experiences that movies provide for audiences.
AMC Theatres is launching three new 30-second commercials featuring Nicole Kidman as part of their preshow campaign, following the success of the original spot. The new ads will rotate in theaters nationwide starting March 1, aiming to drive revenues and refresh the preshow experience for moviegoers.
AMC Theatres reported a fourth-quarter revenue increase to $1.10 billion, attributing the growth to the success of concert movies featuring Taylor Swift and Beyoncé. Despite a diminished box office overall, the theater chain's revenue grew by 11.5%, with total attendance reaching 51.9 million. AMC is introducing a new Nicole Kidman commercial and plans to show more concert movies in 2024 and 2025. The company has taken measures to offset the impact of industry strikes, including reducing operating hours and cutting costs, while also reducing its debt and tightening its theater portfolio. CEO Adam Aron addressed retail shareholders' concerns and committed to reducing his target compensation by 25% for the next 12 months.
Taylor Swift's concert film "The Eras Tour" has become the highest-grossing concert and documentary film in box office history, earning over $261.6 million globally. The film's non-traditional release through a partnership with AMC Theatres allowed Swift to receive a significant portion of ticket sales. Following its success in theaters, the film was also released for streaming. Swift's tour is set to resume in February, with performances scheduled around the world throughout the year.
Beyoncé's concert film "Renaissance: A Film by Beyoncé" debuted at number one at the box office, earning $21 million in North American ticket sales. This marks the first time in 20 years that a film has opened over $20 million on this particular weekend. The film, which Beyoncé wrote, directed, and produced, focuses on her Grammy-winning album tour. Despite a slow weekend overall, "Renaissance" received positive reviews from critics and audiences, and it resonated with fans and film critics alike. Both Beyoncé and Taylor Swift have chosen to partner with AMC Theatres to distribute their films, and both have been supportive of each other's projects.
"Renaissance: A Film by Beyoncé," the concert documentary directed, written, produced, and starring Beyoncé, is projected to have a solid opening weekend at the box office, with estimates ranging from $20 million to $25 million. Despite being released during a typically slow weekend, the film is expected to perform well, potentially surpassing the opening weekend record for the first weekend of December. The movie is receiving positive reviews from fans and critics alike, and its success is seen as a testament to Beyoncé's talent as a performer, producer, and director.