Connect with us

Entertainment

AMC Entertainment takes strategic action at year-end

Published

on

 


AMC Entertainment is back in the driver’s seat. The movie chain, which has capitalized on its momentum as a memes stock phenomenon, recently took some bold steps.

First, AMC distributes over $ 25 million in a advertising campaign with Nicole Kidman. Then AMC CEO Adam Aron got his hands on a possible partnership with another stock of GameStop memes. on Fox Business, although he kept the details close to the vest. He suggested that there might be some sort of marketing effort between the two companies if the talks are successful.

AMC shares rose more than 2% on Thursday and are approaching the $ 50 threshold.

$ 25 million advertising campaign

AMC is betting $ 25 million that Americans have been vaccinated against COVID and are experiencing cabin fever. The new ad campaign uses the slogan We make movies better. The one-minute ad puts Kidman in the theaters as AMC seeks to connect with consumers on an emotional level. The announcement will launch at the MTV Awards this weekend.

Meanwhile, the movie chain is grappling with billions of dollars in debt on its balance sheet. But they also have $ 2 billion in cash and cash flow at the end of the second quarter. In the end, the bet was worth the candle for Aron and the AMC team.

The company is looking to lure consumers into its theaters with an enticing pipeline of films slated for Q4. In doing so, AMC has the opportunity to potentially increase its revenue and profits. As a result, Aron believes the return on investment from the ad campaign will be worth it, according to his interview with Fox Business.

Glory day

Aron has said he is determined to restore the health of this business and get through the latest wave of the pandemic. He wants to give AMC back to its former glory. He explained how the shareholder base of AMCs has grown from being owned primarily by institutions to private investors. Individual investors have pushed up the stock by 2,300% this year, although AMC stocks are at their highest.

AMC just released a record-breaking Labor Day weekend in which over 2 million moviegoers visited its American cinemas.

This item was originally posted on FX Empire

More from FXEMPIRE:

Sources

1/ https://Google.com/

2/ https://finance.yahoo.com/news/amc-entertainment-makes-strategic-moves-223943645.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]