AMC Theatres

AMC Theatres® Creates & Hires New Position: VP of Growth Strategy

by Katie Lee February 11, 2022

Leawood, Kan. — AMC Theatres, the largest theatrical exhibitor in the United States and in the world, has made a critical hire as it prepares to expand its business into the multibillion-dollar retail popcorn industry. Ellen Copaken, formally of Frito-Lay and Hostess Brands, will join AMC as the vice president, growth strategy, beginning February 18. In this newly created role, Copaken will lead AMC’s implementation of growth ideas related to the sale to consumers of popcorn outside AMC’s historic in-theatre channel. She will report to Mark Pearson, chief strategy officer, …

February 11, 2022

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AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

by Katie Lee January 26, 2021

Leawood, Kan. — In an effort to remain financially afloat amid the COVID-19 pandemic, AMC Entertainment Holdings Inc. has raised or signed commitment letters to receive $917 million of new equity and debt capital. The Leawood, Kan.-based movie theater company says the increased liquidity should enable it to survive well into 2021. Of the $917 million, AMC raised $506 million of equity from the issuance of new common shares. Additionally, the company executed commitment letters for $411 million of incremental debt capital from upsizing and refinancing its European revolving credit …

January 26, 2021

News retailers

Regal Cinemas Temporarily Suspending All U.S. Theater Operations

by Katie Lee October 5, 2020

Knoxville, Tenn. — Regal Cinemas will temporarily suspend operations at all of its 536 U.S. theaters beginning Thursday, Oct. 8. British owner-operator Cineworld owns Knoxville, Tenn.-based Regal Cinemas, which has about 7,000 screens across its U.S. portfolio of theaters. Cineworld also announced plans to close all of its theaters in the United Kingdom this week. The closures will impact about 40,000 employees, according to Cineworld. “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the United …

October 5, 2020

News retailers

Updated: AMC Theatres Delays Reopening Until July 30

by Katie Lee July 1, 2020

Leawood, Kan. — AMC Theatres has delayed its U.S. reopening date until July 30. The company will resume operations of 450 U.S. theaters as part of a phased plan that is expected to bring the 600-plus U.S. theaters to full operation by early August. AMC says the new reopening date aligns with updated release timing for major movies such as “Tenet” on Aug. 12 and “Mulan” on Aug. 21. Previously, AMC had expected to be fully open globally in July when Christopher Nolan’s spy film “Tenet” was scheduled to release …

July 1, 2020

News retailers

AMC Theatres Expects to be ‘Fully Open’ Globally in July

by Katie Lee June 15, 2020

Leawood, Kan. — AMC Entertainment Holdings Inc. plans to reopen almost all of its U.S. and U.K. theaters in July. The Leawood, Kan.-based movie theater chain has already reopened 10 theaters in Norway, Germany, Spain and Portugal, and expects to be fully open globally in July ahead of the release of Christopher Nolan’s “Tenet” on July 17 and Disney’s “Mulan” on July 24. AMC is working closely with local, national and international officials to coordinate timing and requirements of reopening. It is consulting with the Harvard University School of Public …

June 15, 2020