Edition:
United States

AMC Entertainment Holdings Inc (AMC.N)

AMC.N on New York Stock Exchange

14.00USD
20 Oct 2017
Change (% chg)

$-0.25 (-1.75%)
Prev Close
$14.25
Open
$14.35
Day's High
$14.50
Day's Low
$14.00
Volume
242,728
Avg. Vol
391,696
52-wk High
$35.60
52-wk Low
$12.05

Latest Key Developments (Source: Significant Developments)

AMC Entertainment and Dreamscape Immersive announce wide-ranging strategic partnership
Tuesday, 26 Sep 2017 09:00am EDT 

Sept 26 (Reuters) - Amc Entertainment Holdings Inc :AMC Entertainment - co, Dreamscape Immersive announced a strategic partnership that will rapidly scale development, expansion of Dreamscape Immersive.AMC Entertainment Holdings Inc - as part of three-pronged partnership, AMC will be lead investor in a $20M Series B financing round..AMC Entertainment - AMC will commit $10M in equity investment into Dreamscape Immersive and will finance up to six Dreamscape Immersive VR centers.AMC Entertainment Holdings Inc - in addition to round, AMC will also invest $10M into a content fund.  Full Article

AMC Entertainment Holdings sells 12 mln shares of National Cinemedia common stock
Monday, 18 Sep 2017 07:58am EDT 

Sept 18 (Reuters) - AMC Entertainment Holdings Inc ::AMC Entertainment Holdings, Inc. sells 12.0 million shares of National Cinemedia, Inc. common stock.AMC Entertainment - expects to meet DOJ's consent decree's requirement of owning less than 15 pct of ncm on or before december 20, 2017.AMC Entertainment - ‍to sell 12.0 million shares of national cinemedia stock to Standard General for about $73.1 million, representing price of $6.09 per share​.AMC Entertainment - ‍ agreement to sell 12.0 million shares of National Cinemedia is scheduled to be completed on september 20, 2017​.  Full Article

AMC Entertainment Holdings qtrly EPS ‍loss of $1.35 ​
Friday, 4 Aug 2017 08:00am EDT 

Aug 4 (Reuters) - Amc Entertainment Holdings Inc :Qtrly earnings per share ‍loss of $1.35 ​.Qtrly total revenues increased 57.4% to $1,202.3 million compared to total revenues of $764.0 million for quarter ended June 30, 2016.Q2 earnings per share view $-1.34, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.Says "‍extremely disappointed" by AMC's financial and operating results for Q2 of 2017​.Weaker than anticipated industry box office in U.S. is not expected to strengthen until Q4 of 2017​.Says to reduce capital expenditures by $100 million in latter half of 2017 and an additional $100 million in 2018.Says ‍$203 million pre-tax impairment charge related to investment in National Cinemedia in Q2​.Says AMC board of directors to initiate a $100 million share buyback program over next twenty four months.Streamline operating costs and implement revenue enhancement efforts expected to generate at least $30 million in improved EBITDA in 2017​.Identified approximately $400 million of non-strategic assets that could be monetized over next twenty four months​.  Full Article

AMC Entertainment Holdings sets quarterly dividend of $0.20/shr
Thursday, 3 Aug 2017 07:47pm EDT 

Aug 3 (Reuters) - AMC Entertainment Holdings Inc ::AMC Entertainment Holdings Inc announces quarterly dividend of $0.20 per share.  Full Article

AMC Entertainment sees Q2 loss per share $1.34 to $1.36
Tuesday, 1 Aug 2017 05:05pm EDT 

Aug 1 (Reuters) - AMC Entertainment Holdings Inc :AMC Entertainment Holdings, Inc. previews second quarter 2017 results, announces cost reduction and revenue enhancement initiatives, issues additional 2016 pro forma financials and provides guidance for full year 2017.Sees Q2 2017 loss per share $1.34 to $1.36.Sees quarterly revenue $1.2 billion to $1.204 billion.AMC Entertainment Holdings Inc - AMC expects to report total revenues for three months ended June 30, 2017, to be between $1,200 million and $1,204 million.Q2 earnings per share view $-0.01, revenue view $1.25 billion -- Thomson Reuters I/B/E/S.Sees 2017 net capital expenditures $500 to $550 million.Sees 2017 total revenues $5.10 to $5.23 billion.Sees 2017 diluted loss per share $1.17 to $0.97.FY2017 earnings per share view $0.60, revenue view $5.27 billion -- Thomson Reuters I/B/E/S.AMC Entertainment - expects to achieve at least a $30 million adjusted EBITDA contribution from cost savings and revenue enhancements through end of 2017.  Full Article

AMC Entertainment Holdings says Texas court rules in favor of the company
Tuesday, 25 Jul 2017 07:40pm EDT 

July 25 (Reuters) - AMC Entertainment Holdings Inc :Texas court rules in favor of AMC Entertainment Holdings, Inc..AMC Entertainment Holdings - Court order grants co's motion for summary judgment in litigation filed in 2015 by iPic-Gold Class Entertainment against co.  Full Article

AMC Entertainment Holdings says amends credit agreement
Tuesday, 13 Jun 2017 04:44pm EDT 

June 13 (Reuters) - Amc Entertainment Holdings Inc :AMC Entertainment Holdings - on June 13, co entered fourth amendment to credit agreement amending credit agreement dated April 30, 2013.AMC Entertainment Holdings - fourth amendment increased revolving loan commitment under credit agreement from $150.0 million to $225.0 million - SEC filing.  Full Article

AMC Entertainment Holdings Q1 earnings per share $0.07
Monday, 8 May 2017 04:15pm EDT 

May 8 (Reuters) - AMC Entertainment Holdings Inc ::AMC Entertainment Holdings, Inc announces record first quarter 2017 results.Q1 earnings per share $0.07.Q1 revenue $1.283 billion versus I/B/E/S view $1.25 billion.Q1 earnings per share view $0.05 -- Thomson Reuters I/B/E/S.Amc entertainment holdings inc says q1 admissions revenues increased 69.4% to $817.3 million compared to $482.6 million for same period a year ago.Amc entertainment holdings inc says q1 food and beverage revenues increased 63.0% to $397.9 million, compared to $244.1 million for quarter ended march 31, 2016.  Full Article

UK's CMA accepts undertakings AMC, Odeon and Uci cinemas deal
Wednesday, 19 Apr 2017 07:13am EDT 

April 19 (Reuters) - UK's Competition and Markets Authority::Accepted undertakings in lieu of reference for the completed acquisition by AMC (UK) Acquisition Limited of Odeon and Uci cinemas holdings limited.  Full Article

Netflix reports quarterly earnings of $0.40 per share
Monday, 17 Apr 2017 04:51pm EDT 

April 17 (Reuters) - Netflix Inc :Quarterly revenue $2.64 billion versus $1.96 billion.Quarterly earnings per share $0.40.Q1 U.S. streaming net additions 1.42 million versus co's forecast of 1.5 million.Says it expects to cross the 100 million member mark this weekend.Sees Q2 U.S. streaming net additions 0.60 million.Sees Q2 international streaming net additions 2.60 million.Sees Q2 total streaming revenue $2,640 million.Q1 total streaming net additions 4.95 million versus co's forecast of 5.20 million.Sees Q2 earnings per share $0.15.Q1 earnings per share view $0.37, revenue view $2.64 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Sees Q2 total streaming net additions of 3.20 million.3.53 million international streaming net additions in Q1 versus co's forecast of 3.7 million.Netflix says any move similar to Amazon's move into NFL football "is not a strategy that we think is smart for us"."We'll spend over $1 billion in 2017 marketing our content to drive member acquisition".Says due to content, primarily house of cards season 5, moving from Q1 to Q2, co had higher operating margins in Q1 at 9.7% than plan for year.Says continue to plan to have around $2 billion in negative free cash flow this year.Says it continues to plan to have around $2 billion in negative free cash flow this year.Says forecast operating margin at 4.4% in Q2.  Full Article

BRIEF-AMC Entertainment and Dreamscape Immersive announce wide-ranging strategic partnership

* AMC Entertainment - co, Dreamscape Immersive announced a strategic partnership that will rapidly scale development, expansion of Dreamscape Immersive