Tag: AMC
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AMC’s Streaming Strategy is Failing as Cord Cutting Grows
In late 2022, AMC announced to staff plans to lay off about 20% of their workforce. This comes as cord cutting has continued to cut into the profits at AMC. According to a memo the Wall Street Journal got access to from AMC Chairman James Dolan, AMC’s streaming plans are failing. The memo indicates AMC […]
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AMC is Airing a ‘Breaking Bad’ Marathon Every Weekend Leading up to the ‘Better Call Saul’ Season 6 Premiere
The long awaited return of Better Call Saul is fast approaching with Part I of the final Season 6 set to air its first two episodes April 18. AMC is making sure you’re in the mood and brushed up on all of your Saul Goodman knowledge by airing a Breaking Bad marathon during the five […]
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WarnerMedia Makes Deal with AMC for 45 Day Exclusive Theatrical Window
WarnerMedia and AMC have made a deal that will bring back an exclusive 45 day theatrical window for Warner Bros. movies in 2022. The agreement follows a similar deal between WarnerMedia and Cineworld. AMC CEO Adam Aron announced the deal during AMC’s earnings call on Monday. “We’re especially pleased Warner Bros. has decided to move […]
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AMC Networks ‘On Track’ to Reach 9 Million Subscribers Across Streaming Services
AMC reported Q1 2021 financial results Friday morning, missing revenue estimates and dropping 5.8% year over year with total net revenues at $691.7 million. A 7% drop in advertising revenue impacted the results for the quarter, which AMC said was “due to shifts in the timing of the airing of original programming and lower delivery, […]
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AMC Networks Reaches 6 Million Streaming Subscribers Across AMC+, Acorn TV, Shudder, Sundance Now & ALLBLK
In a Q4 earnings report released Friday morning, AMC Networks noted growth of 157% year over year across its streaming services. AMC Networks owns AMC+, Acorn TV, Shudder, Sundance Now, and ALLBLK. President and Chief Executive Officer Josh Sapan said that streaming is the most significant area of growth for the company. The company […]
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Study: 25% of US Broadband Households Prefer Home-Viewing to Theaters
Viewing habits have been steadily shifting over the last decade, primarily with a swing toward streaming. But up until recently, it seemed as though movie-watchers still enjoyed going to the theater to catch the newest release. Now, new research from Parks Associates shows one-quarter of US broadband households say they would rather watch a new […]
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AMC is Selling Off 200M Shares in an Effort to Survive
The Covid-19 pandemic has landed AMC Entertainment in some deep water. The theater chain has been hit hard by the lack of business and having to shut down its locations during lockdowns. Now, AMC has filed with the SEC to sell up to 200 million shares as a way to liquefy some assets into cash. […]
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You Can Book a Private AMC Theater Showing Starting at $99
AMC is bridging the revenue gap by renting out its theaters for private viewing parties. You can book an entire theater room for you and up to 20 guests so you don’t have to worry about getting germs from strangers. And it’s not outrageously priced either – reservations for one of their “AMC Safe & […]
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Sling TV Adds More AMC Content for Free
Sling TV is building its on-demand collection of AMC content with the addition of IFC Films Picks and Slightly Off by IFC. Both channels are now available at no cost in the Sling Free section, joining three other AMC channels – Absolute Reality by WEtv, Rush by AMC, and AMC Presents. Here’s what you’ll get […]
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AMC Says its Cash Will Run Out by The End of This Year
Like many businesses, AMC Theaters has taken a huge hit in the wake of the coronavirus pandemic. Theater closures throughout the better part of the year had the chain reporting major losses throughout each quarter. Now, the nation’s largest theater chain says it expects its cash to be gone by the end of this year […]