American Multi-Cinema or AMC Entertainment (NYSE: AMC) is an American company that offers movie theaters globally. The Company was founded in 1920 by Edward Durwood, Maurice Durwood, and Barney Durwood, with headquarters in Leawood, Kansas.
AMC trades on the New York Stock Exchange under the ticker AMC after going public on December 18, 2013.
AMC, through its subsidiaries, offers theatrical exhibitions, movie screenings, food distribution, and online ticket booking. The Company operates through two segments: U.S. markets and International markets. The company also licenses first-run movies from distributors owned by film production companies and independent distributors on a film-by-film and theatre-by-theatre basis.
The company operates in 44 U.S states. In International markets, it operates theatres in over 10 European countries and in Saudi Arabia.
AMC Entertainment main competitors
- Regal Entertainment Group;
- Marcus Corporation.
AMC Entertainment key milestones
In May 2012, the Chinese conglomerate Wanda Group acquired AMC Theatres in a deal worth $2.6 billion. The deal was finalized on September 4, 2012, making Wanda the world’s largest cinema chain.
In January 2021, following a short squeeze coordinated by the Reddit community r/wallstreetbets, AMC stock experienced a significant 300% surge. The user-targeted stocks with high market risk.
In December, AMC became the largest cinema chain in the United States after acquiring its competitor Carmike Cinemas.
AMC Entertainment Holdings Inc. FAQs
Does AMC Entertainment stock pay dividends?
AMC Entertainment (NYSE: AMC) does not pay a dividend on its common stock. AMC stopped paying its quarterly dividend in early 2020.
Has AMC Entertainment stock ever split?
Since going public, AMC Entertainment has had zero splits.
Does AMC offer rewards and perks to shareholders?
Yes. The company has a running program under AMC Investor Connect.
Does AMC Entertainment franchise any of its theatres?
AMC Entertainment does not offer any franchise opportunities for its movie theatres