AMC movie theater

Movie Theatre Chains Announce $2.2 Billion Overhaul to Revamp Cinemas Across North America

In a bid to lure moviegoers back to theatres amid growing competition from streaming services and luxury cinemas, the largest movie theatre chains in the United States and Canada have unveiled a $2.2 billion renovation plan. The National Association of Theatre Owners (NATO), representing major chains like AMC Entertainment, Regal Cinemas, and Cinemark, announced the…

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AMC Shares Jump After Taylor Swift Concert Film Grosses $100 Million in Advance Ticket Sales

AMC Entertainment is experiencing a significant boost thanks to Taylor Swift’s massive fan following. Shares of AMC (AMC) saw an impressive surge of 11.5% during Friday afternoon trading after the popular movie theatre chain reported that the concert film “Taylor Swift: The Eras Tour” had generated over $100 million in advance ticket sales. In a…

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Amazon Reportedly Considering Purchase of AMC Entertainment

Amazon is reportedly weighing the purchase of AMC Entertainment and its nationwide chain of movie theaters as a means of promoting Amazon’s content and other services. The Intersect reported that Amazon founder Jeff Bezos has tasked his team of investment advisers and entertainment chiefs with exploring plans to acquire AMC and its chain of nearly…