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AMC Entertainment Holdings, Inc. Class A Stock News
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Theatres® (NYSE:AMC), the largest theatrical exhibitor in the United States and in the world, was the popular place to be this past weekend. The Company roared to its highest domestic revenue (admissions revenue plus food and beverage, including merchandise) on the weekend before Thanksgiving in AMC's 104-year history. It was also the highest domestic admissi...
A strong opening weekend for the Wicked and Gladiator II spells good news for cinema companies AMC Entertainment Holdings (NYSE:AMC), Everyman Media Group PLC (AIM:EMAN) and hedge fund-owned Cineworld Group. Wicked, the Wizard of Oz sequel/prequel, magicked up $270 million in box office takings around the world.
The US box office made a spectacular comeback in the third quarter with ticket sales hitting a number not seen since the start of the pandemic. But the world's largest cinema chain, AMC Entertainment Holdings Inc (NYSE: AMC), may not be able to capitalize on that rebound – at least not fully.
The domestic box office is on the rebound, but AMC's debt load is preventing it from fully capitalizing on the revival. The company has more than $4 billion in long-term debt on the books and interest payments weigh heavily on its bottom line.
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