The nation’s largest theater chain, AMC Entertainment, awarded its CEO with a $3.75 million bonus for handling the COVID-19 outbreak. In addition to CEO Adam Aron receiving $3.75 million, several other execs will also be financially rewarded. Chief financial officer Sean Goodman will receive $507,500, EVP US/Canada operations; John McDonald …
Read More »AMC Theaters Officially Launch Private Theater Rentals
With the COVID-19 pandemic still plaguing the world, companies everywhere have had to find innovative ways to stay afloat. Cinema giant AMC Entertainment is no exception. The company has officially launched private theater rentals following an initial test program, which garnered a promising 110,000 inquiries from moviegoers. “The results and …
Read More »AMC Reverses Decision; Will Require Patrons to Wear Mask
Well, this may be the quickest reversal decision of 2020. In a Thursday report by Variety, the world’s largest movie chain of theaters, AMC said it would not require patrons to wear masks after next month’s reopening, but as of Friday, that has quickly changed. Seeing that we are …
Read More »Wanda Group, Owners Of The AMC Theaters, Calls Bankruptcy Speculation ”Pure Rumor”
The China-based Dalian Wanda Group has released a statement, saying the rumors of their AMC theater franchise filing bankruptcy are “pure rumor.” Last week, rumors surfaced claiming that Wanda Group, who owns the AMC movie theaters, would file chapter 11 bankruptcy after the S&P Global forecasted the depletion of Wanda’s …
Read More »