The singer is bringing her global tour to the big screen on Dec. 1.
14.09.2023 - 12:55 / deadline.com
AMC Entertainment shares rallied as the company completed a previously disclosed equity offering, raising about $325.5 million of new capital.
The company said it sold 40 million shares at an average price of approximately $8.14 per share.
The move significantly boosts AMC’s cash reserves, addresses current liquidity concerns, and fortifies the balance sheet, AMC said. When coupled with the third quarter to-date 39% surge in industry from last year and massive presales of Taylor Swift: The Eras Tour coming in October, proceeds from offering will let AMC “continue along its successful recovery glidepath through changing market dynamics, including the ongoing strikes by writers and actors, and capitalize on opportunities to further strengthen its balance sheet.”
Shares are up 9% in pre-market trading.
CEO Adam Aron said the capital raise “has bolstered our ability to survive and then thrive. As we navigate the recovery phase of our industry, this infusion of capital provides us with flexibility to assist us in navigating the waters ahead and continue delivering the magic of movies to our guests.”
Shares are up 9% in pre-market trading.
In a post on X, formerly Twitter, Aron was blunt, saying, “This material increase to our cash position means that any talk of immediate and imminent financial collapse right now by AMC is moot.
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The singer is bringing her global tour to the big screen on Dec. 1.
iKON have opened up about their departure on YG Entertainment and why they decided to make that choice.In December 2022, YG Entertainment announced that the K-pop agency and iKON had “mutually agreed” to end the boyband’s exclusive contract, following a “long and careful discussion” with the group’s members.Thereafter, the six-member group signed with 143 Entertainment in January 2023. Since then, the boyband have released their third studio album, titled ‘Take Off’, and embarked on a world tour in support of the record.In a new interview with Forbes, iKON has opened up about why they decided to leave YG Entertainment.
Capitalizing on the anticipated big screen fever of Taylor Swift: The Eras Tour, we are hearing heavy buzz this morning that AMC‘s next big concert film is Beyonce: Renaissance World Tour, which has been another hard-to-get-live event ticket this past year in addition to Swift.
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Welcome to the premiere episode of Doc Talk, our new podcast hosted by Oscar-winning writer-director John Ridley and Deadline’s documentary editor Matt Carey. We’re kicking off with a deep dive into a signature power of documentary: The capacity to right a grave wrong in the criminal justice system by freeing a wrongfully convicted prisoner. Only a handful of major nonfiction filmmakers has achieved this extraordinary feat, springing men and women who faced Death Row or life sentences.
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