CENTENNIAL, Colo.--(BUSINESS WIRE)--National CineMedia (NCM), the largest cinema advertising platform in the U.S. that unites brands with young, diverse movie audiences, today announced a new five-year exclusive agreement with Santikos Theaters. Santikos operates 27 theater locations, and 379 screens across eight states. They are the 7th largest cinema operator in the U.S. and one of the largest affiliates on the NCM platform. “As partners since 2016, NCM is thrilled to extend our relationship with Santi ...

The recent decline in AMC’s share price is “so frustrating,” according to the movie-theater chain’s CEO, Adam Aron. “Media scoffed at my Embiid tweet, but it’s all true,” he wrote on X, formerly Twitter, late Sunday. “AMC’s share price is so frustrating. The 2023 actors/writers strikes have ruined the early 2024 box office. Almost all I think about is rebuilding AMC. But: AMC based in Kansas City since 1920. So, ‘how ’bout those CHEEEEEFS.’”On Sunday, the Kansas City Chiefs defeated the top-seeded Baltimore ...

AMC Entertainment Holdings Inc. shares were up 2% Friday, putting the stock on pace to snap a four-day it rose 7.8%. Shares of the movie-theater chain and original meme-stock darling have hit a series of record lows recently and ended Thursday’s session at an all-time closing low of $4.08. Related: AMC’s CEO bemoans ‘painful’ stock slide amid ‘ludicrously anemic’ box office This is a far cry from the heady heights of the meme-stock frenzy, when the company’s shares hit an all-time closing high of $339.05 ...

The stock price of AMC (NYSE: AMC) has encountered a challenging beginning to the year, plummeting by over -33% year-to-date. Concerns about its future among certain investors have prompted speculation about the survival of the theater chain in the current year.This year, the movie industry will produce movies that probably won’t match the fame that cinema products had in 2023, with some big blockbusters, which adds to the growing fears of investors.At the close of trading on January 25, AMC stock stood at ...

It’s one thing to make an investment that doesn’t work out. No one gets every call right. It’s another thing to keep holding on or doubling down as a company spirals toward irrelevancy. In the stock market, there is no virtue to hanging onto shares of a company that’s a lost cause.The following three stocks to sell all had promising futures at one point. But through a combination of poor management decisions, a shifting macroeconomic environment and changing consumer preferences, all three of these struggli ...

AMC Chief Executive Adam Aron described the recent slide in the company’s shares as “painful” and pointed to the lingering impact of the COVID-19 pandemic on the movie-theater industry.“So painful: 4 years after Covid the industrywide box office is still ludicrously anemic & AMC stock has slid to $4.48,” he wrote on X, formerly known as Twitter. “Difficult to think about anything other than guiding AMC back in these challenging times. But greatness deserves praise: Sixers Joel Embiid… 70 points… 70!”Philade ...

Marti157900 Back in October, I said I thought it was possible that AMC Entertainment Holdings (NYSE:AMC) could de-lever if movie attendance returned to pre-pandemic levels. That hasn’t happened yet, but the company did generate positive operating cash flow in Q3 and the 2024 movie slate looks more robust than it did for 2023. Company Profile As a reminder, AMC is a movie theatre operator with venues throughout the United States and Europe. At the end of September, the company had 904 theatres with 10,07 ...

AMC Entertainment (NYSE: AMC) has experienced a challenging start this year, with shares of the movie theater chain declining by almost 30%. This decline is likely attributed to recent dilutive measures undertaken by the company in recent weeks.On January 18, Citigroup revised its price target for AMC stock from $5.75 to $4.10 while retaining its “sell” rating. This adjustment follows Citigroup’s earlier price target reduction from $15.50 to $4.75 in September, subsequently raising it back to $5.75 in Novem ...

The social media platform Reddit has meticulously outlined plans to initiate its initial public offering (IPO) in March, progressing with a listing under consideration for over three years.Having submitted a confidential IPO filing in December 2021, Reddit aims to publicly file its documents in late February, commence its roadshow in early March, and finalize the IPO by the conclusion of March, as reported by Reuters on January 18.The company, headquartered in San Francisco and valued at approximately $10 b ...

Shares of AMC Entertainment Holdings Inc. have hit a series of record lows recently, a far cry from the heady days of 2021 that turned the movie-theater chain into a meme-stock phenomenon. AMC shares AMC, -2.26% continued their slide Wednesday and are on pace to extend their losing streak to six days. The stock is down 2.8% and trading around $4.09, putting it on pace for another record-low close. AMC shares also hit a new all-time intraday low of $4.01 Wednesday, according to Dow Jones Market Data, based o ...