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AMC Entertainment Holdings, Inc (AMC)

- NYSE
  • Fri, Apr. 17, 3:21 PM
    • The exhibitor sector is on watch after reports indicate the DOJ has increased scrutiny on the exclusivity agreements struck between theater chains and movie studios.
    • Smaller chains and indie theaters have complained to regulators for years about the unfairness of the clearance agreements.
    • In the past, analysts have discounted the odds of harsh regulatory action with the theater release window model cracking a bit.
    • Theater stocks are down roughly in-line with market averages today.
    • Exhibitor stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Comment!
  • Wed, Apr. 15, 1:42 PM
    • Teenagers prefer to watch movies in IMAX (IMAX -0.5%) theaters over any other movie format, according to a survey of the group by Piper Jaffray.
    • 21% of teens named IMAX their top film viewing choice vs. 19% for 2D in theaters and 18% for digital streaming.
    • The 3D format was further down the list with a 11% preference rate.
    • It's a strong overall read on a group previously forecast to be a drag on theater revenue growth.
    • Related stocks: CKEC, AMC, CNK, MCS, RGC.
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  • Thu, Apr. 9, 10:08 AM
    • AMC Theatres and Dolby Laboratories will partner to create the Dolby Cinema at AMC Prime premium moviegoing experience.
    • AMC says it will have four of the set up in major cities by the middle of May and is shooting for 50 installations by the end of 2018.
    • Laser projection, vibrating seats, and next-gen Dolby sound are all part of the premium format.
    • Premium seating has helped prop up box office and in-theater spending numbers this year
    • AMC Entertainment (NYSE:AMC) and Dolby Laboratories (NYSE:DLB) are the parent companies on the initiative.
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  • Sun, Apr. 5, 10:55 PM
    • The U.S. box office is up 6.4% YTD to $2.718B through April 5 and is off to its fastest start since 2010.
    • Six films have topped to $100M mark already with many of the biggest releases of the year still to come.
    • The boost in box office revenue coincides with a trend of higher in-theater spending amid an increased mix of premium theaters.
    • AMC increased food and revenue per patron by 15% in Q4 to $4.46, while Carmike Cinemas saw its total concession take rise 11%.
    • Exhibitor stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | 1 Comment
  • Fri, Mar. 13, 12:55 PM
    • Carmike Cinemas (CKEC +12.3%) pops after Reuter reports the movie chain is considering strategic alternatives including a merger.
    • Sources say Carmike has approached other exhibitors to discuss a potential combination.
    • Shares of Regal Entertainment (RGC +2%) and AMC Entertainment (AMC +2.4%) are higher on the day, while Cinemark Holdings (CNK -0.7%) and Reading International (RDI -1%) are sluggish.
    • Analysts think a merger in the sector would be closely appraised by regulators.
    | 2 Comments
  • Fri, Feb. 27, 10:24 AM
    • AMC Entertainment (AMC +2.3%) moves higher following after Macquarie comes in with an initiation on the exhibitor at Outperform.
    • The company reported flat average ticket prices during Q4, but saw a significant jump in food and beverage revenue per patron.
    • Macquarie sees even more upside for 2015 with the movie release schedule looking promising.
    • Previously: AMC Entertainment beats by $0.10, revenue in-line (Feb. 17 2015)
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  • Tue, Feb. 17, 4:13 PM
    • AMC Entertainment (NYSE:AMC): Q4 EPS of $0.30 beats by $0.10.
    • Revenue of $712.16M (-0.1% Y/Y) in-line.
    • Shares +2.75%.
    • Press Release
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  • Tue, Feb. 17, 11:29 AM
    • Movie theater stocks are out-performing broad indexes on a down market day.
    • A sizzling box office weekend for Fifty Shades of Grey could be the impetus.
    • Earlier this year, American Sniper gave the sector an unexpected traffic boost.
    • The YTD box is well-ahead of last year's pace with the biggest releases still to come.
    • Reading International (NASDAQ:RDI) +0.9%, Marcus Corporation (NYSE:MCS) +0.4%, Carmike Cinemas (NASDAQ:CKEC) +0.5%, Regal Entertainment (NYSE:RGC) +0.3%, Cinemark Holdings (NYSE:CNK) +0.2%, Dolby (NYSE:DLB) +0.4%, RealD (NYSE:RLD) +0.3%, AMC Entertainment (NYSE:AMC) flat on the day. IMAX (NYSE:IMAX) is -2.0% after taking on a Canaccord Genuity downgrade.
    • Previously: American Sniper crushes again at the box office (Jan. 26 2015)
    • Previously: 'Fifty Shades' sets records
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  • Mon, Feb. 16, 5:35 PM
  • Mon, Feb. 9, 3:31 PM
    • The U.S. box office is ahead of last year's disappointing pace after five weeks.
    • The industry's tally is up 2.0% Y/Y to $796.34M.
    • Theater traffic is forecast to improve by an even higher percentage for the balance of the year off of demand for Avengers: The Age of Ultron, The Hunger Games: Mockingjay Part 2, Fifty Shades of Grey, Jurassic World, Spectre (James Bond), and Mission Impossible 5.
    • Other factors which could boost the sector include a higher mix of premium seating and a boost for in-theater spending.
    • Exhibitor stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Comment!
  • Wed, Feb. 4, 9:27 AM
    • AMC Entertainment (NYSE:AMC) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.76%
    • Payable March 23; for shareholders of record March 9; ex-div March 5.
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  • Tue, Jan. 20, 1:03 PM
    • The average U.S. movie ticket price rose $0.04 to $8.17 in 2014, according to data from the National Association of Theater Owners.
    • The average ticket in Q4 was $8.30 vs. $8.35 a year ago.
    • Related stocks: CKEC, AMC, CNK, RLD, IMAX, RDI, MCS.
    | Comment!
  • Mon, Jan. 19, 10:16 AM
    • Amazon Studios (NASDAQ:AMZN) announces it will produce up to 12 original movies a year.
    • Film veteran Ted Hope will lead the creative development efforts from the studio.
    • The movies will be available on Prime Instant Video only 30 to 60 days after releasing in theaters.
    • Amazon is likely to keep its crowdsourced movie script competition part of the equation
    • Netflix (NASDAQ:NFLX) and Amazon have won critical acclaim for their original content.
    • What to watch: A move toward shorter theatrical windows in the industry hurts exhibitors (CKEC, AMC, CNK, RLD, IMAX, RDI, MCS).
    • Previously: Upstarts land major trophies at Golden Globes (Jan. 12)
    | 93 Comments
  • Tue, Jan. 13, 8:35 AM
    • Dalian Wanda Group scales back a planned IPO for its Wanda Cinema Line subsidiary to 1.28B yuan ($210M).
    • Wanda Group has been setting money aside to invest in Hollywood properties.
    • The company owns AMC Entertainment (NYSE:AMC) and held acquisition talks with Lions Gate (NYSE:LGF) late last year.
    | Comment!
  • Dec. 31, 2014, 8:42 AM
    • Streaming: Sony (NYSE:SNE), HBO (NYSE:TWX), CBS (NYSE:CBS), and Dish Networks (NASDAQ:DISH) are set to unveil streaming products in 2015. The theory of the companies that the skinny bundles will draw in more cord-cutters and cord-nevers than they will cannibalize current pay-TV subscribers will be put to the test. The rush of streaming options could help or hurt Netflix (NASDAQ:NFLX) depending upon which analysis an investor leans on.
    • Theater traffic rebound: Exhibitors (CNK, RGC, AMC, CKEC, IMAX) and movie studios (LGF, VIA, VIAB, DIS, FOXA, CMCSA, TWX) maintain that the decline in theater attendance in 2014 (-6%) was due to a slate of films light on blockbusters. A bounce is forecast for 2015 with high-profile films such as Avengers: The Age of Ultron, The Hunger Games: Mockingjay Part 2, Fifty Shades of Grey, Jurassic World, Spectre (James Bond), and Mission Impossible 5 all set to premiere - along with the reboot of the Star Wars franchise in December. Capex spending on theater upgrades could also help boost in-theater spending and average ticket price for exhibitors.
    • Mergers: If regulators allow the Comcast-Time Warner Cable (NYSE:TWC) and AT&T-DirecTV (NASDAQ:DTV) mergers to sail through it could clear a path for other media combinations, note analysts. Potential buyers include Alibaba (NYSE:BABA), Wanda Group, Softbank (OTCPK:SFTBY), and a TWX-rebuffed 21st Century Fox (NASDAQ:FOXA). Content producers which could be targets include Starz (NASDAQ:STRZA), Lions Gate (NYSE:LGF), DreamWorks Animation (NASDAQ:DWA), AMC Networks (NASDAQ:AMCX), and Scripps Networks (NYSE:SNI). A split-up Madison Square Garden (NASDAQ:MSG) could also be enticing.
    | 4 Comments
  • Dec. 24, 2014, 8:10 AM
    • Media analysts expect an announcement shortly from Sony Pictures (NYSE:SNE) on how it plans to distribute The Interview online.
    • The options for the movie studio are plentiful - including using a powerhouse tech outlet such as Google (via Google Play or YouTube), Apple, or Netflix.
    • Sony-owned Crackle is also an option as is a deal with a pay-TV operator.
    • What to watch: A successful online launch of the film could have some wider implications for movie studios (LGF, VIAB, VIA, TWX, DIS, FOXA) and theater chains (RGC, CKEC, AMC, CNK) with the industry's mainstream distribution model showing some signs of cracking.
    | 5 Comments
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Company Description
AMC Entertainment Holdings Inc is engaged in theatrical exhibition. Itis principally involved in the theatrical exhibition business and owns, operates or has interests in theatres located in the United States.