AMC Entertainment CEO Adam Aron earned $20.9 million in total compensation last year, double $9.6 million the year before due to a big bonus and stock awards. According to the company’s SEC filing Friday, Aron’s package in 2002 included a base salary of $1.1 million, a bonus of $5 million and stock award of $14.8
Adam Aron
AMC Entertainment, the nation’s largest theater chain, said Friday it’s awarding CEO Adam Aron and other executives “supplemental special incentive cash bonuses” to recognize the challenge they faced steering the embattled company on a financial rollercoaster over the past pandemic year. Corporate associates and theatre management will also get special bonuses, with all payouts coming
AMC Entertainment said Silver Lake Group is converting $600 million worth of the theater chain’s debt that it holds into stock at a conversion price of $13.51 a share, a surprise all around considering the exhibitor’s shares were languishing below two bucks earlier this month. The giant investment firm partnered with AMC back in 2018
Struggling AMC Entertainment said early Monday it has raised or signed commitments for $917 million including additional financing since December, calling it “enough cash to “make it through this dark, coronavirus-impacted winter.” “This means that any talk of an imminent bankruptcy for AMC is completely off the table,” said CEO Adam Aron in a statement.
AMC Entertainment CEO Adam Aron said Tuesday that the nation’s largest cinema chain had raised $204 million in two weeks in December out of at least $750 million it needs to get to the other side of a global pandemic that has crippled moviegoing. It was the latest capital raise after previous rounds of AMC
AMC circuit CEO and President Adam Aron did not have words of hate tonight toward Warner Bros’ (actually, let’s be honest, WarnerMedia’s) decision to take their $200M DC superhero sequel Wonder Woman 1984 into theaters and onto HBO Max on Christmas Day. Aron gave his thumbs up, saying that the movie will play at close
AMC Entertainment said revenue for the September quarter plunged 91% to $119 million. Losses widened to $905 million from $54 million as the financially strapped exhibitor struggles with the impact of the global pandemic. The financially struggling chain’s COVID trials have been high profile and heavy hitting because of its size — the biggest chain
AMC CEO Adam Aron channeled Winston Churchill Monday, comparing the exhibition industry’s last stand against COVID-19 (and Chapter 11) to the U.K.’s fight for survival during World War II. Wall Street analysts on a conference call were too polite to bring up the word bankruptcy directly, nor did Aron. He said again that the chain
AMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo’s recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties. NY is “vital to the theatrical exhibition industry,” the world’s largest chain said Monday.
Regal Cinemas is taking it to the streets, with the marquee of its iconic and shuttered Times Square multiplex admonishing New York Governor Andrew Cuomo for being just about the last pol in the country to reopen cinemas. “48 states have reopened theatres safely. Why not New York, Governor Cuomo?” blared from that strip of
With movie theaters finally lighting back up across much of the U.S., the National Association of Theatre Owners and its members are making a rare show of unity in support of CinemaSafe, a new set of health and safety protocols. The COVID-19 response codifies several measures undertaken by theaters and other businesses, including face coverings,
AMC Entertainment saw revenue plunge to $18.9 billion for the second quarter ended from in June from $1.5 billion the year before as it swung to the red, no surprise for the nation’s – and world’s — largest theater chain, that saw most locations shuttered completely for the entire three months. The company swung a
AMC Entertainment announced Monday it’s officially concluded a complex, and controversial, restructuring of approximately $2.6 billion of its debt that included an exchange and fresh capital raise. The news came as iyd new distribution deal with Universal Pictures continues to roil the industry. Holders of more than 87% of senior subordinated notes participated in an
As expected with NYC and LA cinemas still not opened, and Tenet, the first big event pic heading to Aug. 12, the No. 1 exhibitor in the U.S., Europe and the Middle East, AMC, will now reopen its circuit on July 30 instead of July 15. On the new date, the Leawood, KS-based chain will
Alamo Drafthouse will be requiring all its moviegoers, coast to coast, to wear masks to its theaters. “When we open, the safety of our teammates and guests cannot be compromised. This is not political,” the chain said in a statement Friday on Twitter. “We will require that guests wear masks at the theater (except when
EXCLUSIVE: We have just received word that No. 2 film exhibitor Regal Cinemas is requiring all patrons to wear face masks. In an updated policy made public Friday on the chain’s website, “As related to our employees, guests will also be required to wear masks. Disposable masks will be made available as needed,” noted Regal. Regal’s
In the wake of making some controversial statements to Variety yesterday about AMC not mandating face masks in areas that aren’t requiring it during the COVID-19 pandemic, CEO Adam Aron has changed his opinion hearing the social media backlash and is now requiring patrons to wear masks. “At AMC, we have been consulting with top
AMC has made official their U.S. reopening plans after what will be a four-month shutdown due to COVID-19 with 450 U.S. locations on July 15, roughly 150 remaining locations in time for Disney’s Mulan on July 24 and Warner Bros. Tenet on July 31. AMC will have opened their locations over four internal phases. In
AMC Theatres CEO Adam Aron sat down for an interview on CNBC’s Squawk Alley today, telling the show’s hosts that the chain’s possible re-opening between May to mid-June is still “more of the right timing, but nobody knows.” Aron shut down the biggest exhibition chain out of coronavirus safety on March 17, and believes a three-month window
The National Association of Theatre Owners (NATO) will give its 2020 NATO Marquee Award on AMC Entertainment CEO, President and Director Adam M. Aron. Aron will receive his industry tribute as part of CinemaCon’s Opening Night Celebration on Monday, March 30. He is being recognized by NATO for his dedication, commitment and service to the