![]() ![]() What has occurred is AMC's debt has ballooned. So from 2014 through 2016 large amounts of capital were expended on renovations and acquisitions that have done absolutely nothing for AMC's bottom line. ![]() The chart below shows the revenue breakdown. The biggest result of these acquisitions was that AMC expanded internationally into Europe. ![]() exhibitor, as the chart above shows, it actually did nothing for the bottom line every year thereafter. While this helped make headlines that AMC was now the largest U.S. The next big change that occurred was at the end of 2016 when AMC made a series of acquisitions under their newest CEO Adam Aron. The reductions in capacity just could not be made up by ticket and concession price increases. 2013, net income actually decreased by more than $250 million each year. Did the investment improve results? Not even a little. Other theatre chains made similar theatre seating redesigns. After a grace period ticket prices were raised by just $1-2. The total cost of the renovations was $600 million. In doing so he reduced theatre capacities by 50-70%. Despite flat revenues for years before, then CEO Gerry Lopez made the questionable decision in 2014 to change out the seats in many theatres in their network with new Lay-Z-Boy recliner style seating. (all graphs by the author) Where we have been and where we are nowĪs I discussed in my last article, "AMC Apes: More Hurt Than Help", domestic box office revenues peaked way back in 2016. Even as we move through what we hope will be the final months of Covid impacts, AMC has little hope of returning to the attendance numbers of 2017 to 2019. But the failure as I see it, for the entire industry, is blinding themselves to the new reality since 2019: And it is all about the pandemic with streaming being the studios' vaccine. In all honesty, you have to hand it to AMC CEO Adam Aron for doing the best that could be done with his hands tied behind his back while swimming upstream in 20. You might also pay a stockbroker commission or fees when buying and selling stocks.The movie theatre industry has been in peril for years due to declining revenues and attendance. Stocks are more normally bought and held for longer. Which makes them more suited to short-term trading opportunities. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks.ĬFDs attract overnight costs to hold the trades, (unless you use 1-1 leverage) But with traditional stock trading, you buy the shares for the full amount. However, with traditional stock trading you enter a contract to exchange the legal ownership of the individual shares for money, and you own this equity.ĬFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. You can still benefit if the market moves in your favour, or make a loss if it moves against you. With CFDs, you never actually buy or sell the underlying asset that you’ve chosen to trade. The main difference between CFD trading and stock trading is that you don’t own the underlying stock when you trade on an individual stock CFD. Read more: Ape army pushes AMC stock to four-year high In August, AMC beat both earnings and revenue estimates as the cinema chain outlined plans including a move into digital payments as well as airing live events. No financial data or figures were issued by AMC in its statement. October saw the release of the Daniel Craig headlined James Bond movie No Time to Die, the Tom Hardy comic book action movie Venom: Let There Be Carnage and the latest big-screen adaptation of Dune, the influential 1965 sci-fi novel from Frank Herbert.ĪMC also said "October 2021 ticket admission revenues at AMC’s international theatre locations also were the highest of any month since the pandemic."ĪMC owns the Odeon Cinemas Group, UCI Cinemas and the Nordic Cinema Group. ![]() In a statement released Sunday, AMC said "domestic industry box office for October 2021 is estimated to come in considerably higher than that of any previous month since February of 2020." Covid-19 forced the closure of movie theatres across the US in March of last year. The largest US movie exhibition company confirmed the highest monthly ticket revenues since the forced closure of theatres early last year. An AMC cinema in Marlton, NJ – Photo: ĪMC Entertainment Holdings shares rose 4% on Monday as the cinema chain confirmed October box office numbers and set a date for third-quarter earnings.Īs at 11:10am EDT (UTC-4) shares were up 4% to $36.76 on the New York Stock Exchange. ![]()
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