AMC brings nine-screen luxury cinema to Jeddah
In a first for AMC Cinemas in Saudi Arabia’s west coast city, the new cinema offers eight luxury auditoriums and an IMAX theatre. Source: AMC brings nine-screen luxury cinema to Jeddah – BroadcastPro ME
AMC’s Chinese Owner Gives Up Control Over World’s Largest Cinema Chain
Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated … Continued
Trading frenzy in AMC stock may stave off bankruptcy but cinema operator still faces years of recovery
AMC stock soared 250% on volume over more than 1 billion shares on Wednesday. The trading frenzy that has propelled the shares of AMC Entertainment Corp. up more than 600% in the year to date may have saved the cinema … Continued
AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy
Movie theater chain AMC is hoping to raise $125 million in fresh capital to stave off bankruptcy by selling 50 million shares in a new funding round, the company said Wednesday. The largest cinema chain in the world raised $104 … Continued
AMC to reopen more cinema theaters in the U.S.
AMC Entertainment Holdings, the largest U.S. theater chain, said on Monday it expects to reopen about a dozen locations in New York state starting Oct. 23 and plans to have more than 530 theaters open in the country by the … Continued
AMC to open more cinema theaters in the United States
AMC Entertainment Holdings Inc, the largest theater chain in the United States, said on Thursday it expects to open more locations in Washington state and have more than 520 theaters open in the country by mid-October. Source: https://finance.yahoo.com/news/amc-open-more-cinema-theaters-122347011.html