Adam Aron Latest Celebrity News & Gossip

AMC got its meme back Thursday, with the stock surging 27% at its high on heavy volume, way outpacing the broader market and other publicly traded theater chains.

Among those quite happy with the re-installment of Bob Iger as Disney’s CEO was exhibition giant, AMC’s Adam Aron, who took to Twitter in the wake of the news exclaiming, “Based on box office grosses, Disney is the biggest film maker of any movie studio. Bob Iger coming back to again lead Disney as its CEO is a big deal. Let me shout this from the mountain top. I have the absolute highest respect for Bob Iger.”

In its quarterly earnings report published Tuesday, AMC reported quarterly revenue of $968 million, up 27% year over year from the $761 million reported in Q3 2021 but down from the $1.14 billion last quarter when “Top Gun: Maverick” led an early summer boom period for the box office. Wall Street analysts had projected quarterly revenue of $977 million.

Giant theater chain AMC Entertainment saw revenue rise and losses widen slightly last quarter but CEO Adam Aron cited a stronger slate ahead and moves on debt reduction, capital raising and new projects.

AMC Entertainment plans to launch “Zoom Rooms” at movie theaters in up to 17 U.S. cities serving businesses with in-person events and meetings.

Giant theater chain AMC Entertainment filed today to sell up to 425 million AMC Preferred Equity Units, or APEs, its new securities that have seen a price collapse amid a sour market and investor backlash.

AMC Entertainment’s new APE securities — AMC Preferred Equity Units – began trading today late morning in a messy session for the big exhibitor, whose primary stock is down by almost 40%.

Earlier this month, CEO Adam Aron announced that one AMC Preferred Equity share — or APE, named after the meme traders that jolted the company’s stock price last year — would be granted for each common share held, meaning that 517 million APE shares would be created. Aron has argued that since the shares are going to already existing shareholders rather than going directly on sale, APEs will not dilute AMC’s stock value.“With the creation of APEs, AMC is deeply and fundamentally strengthening our company.

Olivia Newton-John's untimely passing earlier in the month had many people reminiscing through her most iconic movies and musical works.MORE: Olivia Newton-John's husband shares heartfelt update in new tribute to late starMany of them will now get the chance to do so in grander form, however, as arguably her most remembered project makes its return to the screen.VIDEO: Grease star Dame Olivia Newton-John dies aged 73AMC announced that it would be screening Grease in select theaters around the country in honor of the late star.The theater chain's CEO, Adam Aron, shared the news on Twitter while also revealing that a portion of ticket sales would go to breast cancer research. MORE: Sharon Osbourne's daughter Aimee makes emotional tribute to Olivia Newton-John with childhood story"To honor the late Olivia Newton-John: many of our U.S. theaters this weekend will show her classic 1978 hit movie Grease, again on the big screen," he wrote. "An inexpensive $5 admission price, and through our charity AMC Cares we will donate $1 per sold ticket to breast cancer research."To honor the late Olivia Newton-John: many of our U.S.

Olivia Newton-John is being honored with a theatrical re-release of her beloved 1978 movie musical,. The film is slated to return to AMC Theatres on Friday in select cities with proceeds to benefit breast cancer research. «To honor the late Olivia Newton-John: many of our U.S.

For a limited time, AMC Theaters will return the 1978 musical Grease to its theaters, allowing fans to once again see Olivia Newton-John and John Travolta memorably team on the big screen.

Rebecca Rubin Film and Media ReporterAMC Theatres, the world’s largest cinema chain, is honoring Olivia Newton-John by bringing “Grease” back to the big screen.Starting on Friday, the classic 1978 movie musical will play in 135 AMC locations around the country. All tickets will cost $5, and $1 from each sale will be donated to AMC’s charitable fund AMC Cares, with the proceeds going to breast cancer research.Newton-John, who memorably played Sandy to John Travolta’s Danny Zuko in “Grease,” died on Aug. 8 at age 73.

The domestic box office is about to go into a funk for two-and-half months due to the lack of tentpole product, but shares of AMC Entertainment keep on trucking.

her last campaign proved to be a smash hit. The 55-year-old’s viral ad features her dressed to the nines as she waltzes through an empty movie theater, gazing at the camera and reminding audiences of the wonder of going to the movies.

“We come to this place for magic”… and also Nicole Kidman‘s iconic ad.

Brent Lang Executive Editor of Film and MediaAMC Theatres is rewarding the retail investors who rallied to support the exhibition giant when it was laboring under debt and COVID closures, lifting its share price at a critical juncture.On Thursday, the company announced that it will give a special dividend to investors of one AMC preferred equity unit for each of AMC Class A common stock. With a nod and wink, the company plans to list these units on the New York Stock Exchange under the symbol “APE,” the preferred moniker of the shareholders who embraced the AMC cause when it teetered on insolvency.The announcement came as AMC recorded a narrower than expected quarterly loss on Thursday as summer blockbusters like “Top Gun: Maverick” and “Jurassic World Dominion” lifted earnings.

AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package.

AMC Theatres announced its first newly-built theater of 2022 – the AMC Dine-In Topanga 12 in Canoga Park — will open June 2 as the pandemic-rattled exhibition business reshuffles.

In a sign that managing 4 million retail shareholders isn’t all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is “well intended” but “some may be hurled at us with an intent of actually harming me or the company.” It’s the first time he’s publicly called out any problem with the new fan-run regime.

Giant theater chain AMC Entertainment saw revenue jump and losses narrow amid an ongoing box office recovery.

Cinemark last week, AMC Theatres reported a loss for Q1 of 2022 on Monday, though those losses were narrowed despite a lack of major blockbusters and the Omicron variant surge in January. AMC reported revenue for the quarter of $785 million, down from the $1.17 billion earned in Q4 2021, AMC’s first profitable quarter since the pandemic began, but significantly up from the $148.3 million reported in Q1 2021.

Rebecca Rubin Film and Media ReporterAMC CEO Adam Aron is a rock star to a very specific group of people.Those people, of course, are the 4 million non-professional investors who sent the company’s stock price soaring and currently own 80% of the movie theater chain. The new shareholders, who rescued the beleaguered chain from bankruptcy during the pandemic, call themselves the “Apes.” (The name is a reference to “The Planet of the Apes,” a movie in which primates overthrow humans.) And to them, Aron is the King Silverback.There’s perhaps nobody better to embrace the chaos than Aron, a Harvard Business School graduate with a flair for showmanship.

SEC filing Friday. Aron received a base pay salary that was 20% higher than last year’s, earning $1.45 million, but he also took home $11.4 million in stock awards and $6 million from non-equity incentive plan compensation.

AMC Entertainment CEO Adam Aron said an earlier gig as chief executive of the Philadelphia 76ers got him active on social media, tweeting with his hometown NBA team’s fan base. The experience proved key navigating a dramatic transformation in the theater chain’s shareholder base from mostly institutions to about 4 million private individuals.

Dwayne “The Rock” Johnson made a surprise appearance at CinemaCon during Warner Bros.’s presentation on Tuesday night, working the crowd and wooing some of the exhibition heavyweights like AMC’s Adam Aron and Cinemark’s Sean Gamble, all as he hyped up “Black Adam” and “DC League of Super Pets,” each with new trailers. At first, it looked like The Rock would be phoning it in with a taped appearance, but it turned out he was sitting in front of a backdrop of a Hawaii horizon and instead walked through the crowd and then out on stage. Johnson truly played the part of the biggest movie star in the world and made his pitch about how his Seven Bucks Production is working to bring people back to theaters with both of his DC films.

Dwayne Johnson initially faked out the room here at Caesars Palace, thinking he had pre-taped his CinemaCon appearance.

AMC Entertainment is planning its first major upgrade since the transition to digital, announcing a deal with Cinionic to roll out laser projectors to 3,500 of its U.S. auditoriums through 2026.

AMC Entertainment CEO Adam Aron said there’s room for both cinemas and streamers in the current marketplace and the latter would benefit from wider theatrical release of films. He made the comments to CNBC after Apple made history last night with Coda’s Best Picture Oscar win.

Rebecca Rubin Film and Media ReporterAMC Theatres, the biggest cinema chain in the world, is buying a 22% stake in Nevada-based gold and silver mining company Hycroft Mining Holding Corp.AMC’s $27.9 million cash investment in Hycroft is the company’s latest attempt to shore up its finances after COVID-19 forced movie theaters to close. After evading bankruptcy and embracing its status as a meme stock last year, AMC announced plans to expand its business outside of box office by selling popcorn in shopping malls around the country.“AMC is playing on offense again with a bold diversification move.

Accepting payment in crypto, retail popcorn sales, that’s one thing, but AMC Entertainment’s diversification push now includes acquiring a stake in a publicly traded gold and silver mining company.