AMC Entertainment preps for launch in Saudi Arabia

|About: AMC Entertainment Holding... (AMC)|By:, SA News Editor

AMC Entertainment (AMC +3.3%) CEO Adam Aron says the company expects the movie theater market in Saudi Arabia to be about $1B in size.

AMC will start operating the AMC Cinemas chain in the nation beginning later this month under a joint venture arrangement with the Public Investment Fund of Saudi Arabia.

Plans call for AMC to open 30 to 40 cinemas in approximately 15 cities in Saudi Arabia over the next five years.

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