EXCLUSIVE: Vault Entertainment has added industry veteran Craig Baumgarten as a manager/producer.
29.02.2024 - 00:03 / deadline.com
Adam Aron and the AMC Entertainment board have agreed to reduce the CEO’s target compensation by 25% this year, he said, as he’s bombarded with hostility by the theater chain’s large group of retail shareholders angry at the sinking stock. It means the target amount that he’d be eligible for would be lower.
Aron didn’t give details. His 2022 compensation totaled $23.7 million, including a base salary of $1.5 million, a $6 million cash bonus, and stock awards valued at $16.2 million. Pay for 2023 will come out in spring proxy statements. In late 2022, he had asked the board to freeze his compensation for 2023.
“There is no anguish in my voice about that. That is what a CEO of a company like yours should do,” he said on a call after earnings, noting that he’s the company’s single biggest individual shareholder. “I mean it when I say I ride with you.”
The shares have fallen more than 8% in late trading, to about $4.56, after earnings today, down sharply from a 52-week high of over $70. The stock is back to its pre-meme levels — before small investors on Reddit’s Wallstreetbets, day traders and others piled in during Covid. They drove the price higher — similar to what happened with GameStop. The buying squeezed short sellers and some AMC shareholders blame a Wall Street conspiracy for keeping a lid on the price. Aron told them today to get over it — AMC is in the business of running theaters, not reforming financial markets, he said.
“There are many things that impact stock price. But my own view is basically this: it has taken way too long for the entire movie theater industry, including AMC, to recover from Covid. And no one needed for the movie industry to be paralyzed by a debilitating strike … The key issues are the
EXCLUSIVE: Vault Entertainment has added industry veteran Craig Baumgarten as a manager/producer.
Hollyoaks is in turmoil as Ross Adams (Scott Drinkwell) becomes the latest star to leave the show after almost ten years - Ross announced his departure from the show on Sunday 17 March. Ross spoke to Metro about exit and revealed that he turned down the offer to stay on the soap. “They [Hollyoaks] were kind enough to offer me another contract, but last year I did a documentary about adoption and I really enjoyed doing that," he shared.
Halloween is coming early this year, as Blumhouse and AMC Theatres have partnered to launch the Halfway To Halloween Film Festival, which will take place at over 100 AMC theaters in 40 U.S. cities from March 29 to April 2.
The fourth and final season of “Snowpiercer” has finally found a savior. Deadline reports that the series has a new home after Warner Bros.
Join Fox News for access to this content Plus special access to select articles and other premium content with your account - free of charge. Please enter a valid email address. By entering your email and pushing continue, you are agreeing to Fox News' Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive.To access the content, check your email and follow the instructions provided.
Adam Thomas was left feeling emotional after his niece shared a sweet tribute to him and his twin. The actor, 33, who appeared on the latest series of Strictly Come Dancing, told fans 'this got me' after Scarlett posted a throwback collage featuring Adam and his brother Scott, who is known for appearing on Love Island in 2016.
Tony Adams is not a man who tolerates his status being challenged. A ‘big shot’ drug dealer, he oversaw his empire with an iron fist.
Hollywood star Paul Giamatti has opened up on his love for Scotland whilst chatting to co-host Stephen Asma on their podcast Chinwag.
Louis Walsh takes another swipe at Fern Britton, a new Celebrity Big Brother teaser reveals.The housemates are tasked with creating a boyband and girl group, with the hope of winning Big Brother’s talent show ‘You’re Gonna Be A Star’. Louis, 71, along with his close pal Sharon Osbourne, also 71, are the judges of the competition. In the Diary Room, the duo share who they think has The X Factor, with Louis listing Ekin-Su, Zeze and Bradley as his top picks.
Renowned for his passion for food and appetite for outrageous eating feats, Man v Food star Adam Richman has embarked on a culinary journey across the British Isles "as a love letter" to British cuisine. Armed with a map of the UK, the Brooklyn-based food expert and chef is attempting to shed light on the "globally misunderstood" and "unfairly maligned" realm of British cuisine for a new Food Network UK show, Adam Richman Eats Britain.
Fans of Saturday Kitchen were left disgruntled at this weekend's instalment of the show, which featured Gavin and Stacey star Ruth Jones as a guest star. While many were happy to see the actress, 57, who is famed for playing Nessa in the sitcom, some took to social media X, formerly Twitter, to share their frustration at her 'annoying habit'. As she spoke with presenter Matt Tebbutt and got involved in the show, viewers felt she was 'speaking over' the chef too much during the programme.
Disney CEO Bob Iger called the proxy fight being waged by two activist investors a campaign that “is, in a way, designed to distract us, to take our eye off all [that’s] necessary to do what we need to do to generate returns for shareholders.”
Euphoria star Nika King has revealed the impact that season three’s delay is having on her life.King has appeared in both seasons of the HBO show, and plays Leslie Bennett, the mother of Rue (Zendaya) – a teenager struggling with a drug addiction.The third instalment of the series, which also stars Jacob Elordi and Sydney Sweeney, has been eagerly awaited by fans, having been delayed for several reasons.During a stand-up comedy performance in Los Angeles, King shared the repercussions of the show’s postponement. “Season three is coming out, I don’t fucking know. Don’t ask me, I don’t know,” said the actor.“People are like, ‘We need season three’, and I’m like bitch, I need season three.
Mainstay Entertainment and Paradigm have signed Tisha Campbell for representation in all areas.
Throughout the years, Sharon and Ozzy Osbourne have given fans a peek inside their lives. From their TV show The Osbournes to the more recent The Osbournes Podcast, the iconic duo, who are often joined by their son Jack and daughter Kelly, are open when it comes to giving people a peek inside their day-to-day lives.
Marta Balaga Imagine “Deal or No Deal” set on an exotic island, with its 13 participants facing extreme challenges, testing their limits and literally crawling through mud. Except you don’t have to – it’s already here. “What if the Banker had a private island and decided to put his contestants through an extreme game to find one winner? The craziness of the idea is, I think, what we and NBC rallied around,” says Sharon Levy, CEO at Endemol Shine North America.
Loose Women star Jane Moore appeared to let slip that Sharon Osbourne will be a contestant on Celebrity Big Brother, when asked about it on the show today by Kaye Adams. Jane has been on tour with Sharon moderating the chat for her Cut the C*** shows, so she has been missing from the Loose Women panel for a while. On today's panel, she said: "I was on tour with Sharon Osbourne.
Taylor Swift and Beyoncé‘s concert films, the company’s CEO has revealed.In the fourth quarter of last year, the cinema chain saw revenue jump 11% to $1.1 billion, beating Wall Street’s forecasts.Now, AMC Theatres CEO Adam Aron has admitted that those profits are entirely down to screenings of Taylor Swift: The Eras Tour and Renaissance: A Film by Beyoncé.“What is particularly noteworthy is how much AMC benefited from our trailblazing industry leading efforts with our highly successful distribution of two concert movies Taylor Swift | The Eras Tour and Renaissance: A Film By Beyoncé,” said Aron in a statement (via Deadline). “Literally, all of that increase in AMC’s Revenue and EBITDA is attributable to our having shown these two movies in our theatres in the U.S.
AMC Entertainment’s much talked about preshow commercial starring an earnest Nicole Kidman in a glittery pantsuit will have three new iterations, CEO Adam Aron said today, as the exhibitor plans to start rotating a trio of 30-second spots in theaters nationwide on March 1.
Paramount Global CEO Bob Bakish derided a planned streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery for having “only a subset of sports.”