AMC Theatres has unveiled a new pricing program whereby seat location determines the cost of a movie ticket. Seats in the middle of the auditorium will cost a dollar or two more, while seats in the front row will be slightly cheaper.
AMC Theatres today announced that the Los Angeles market will be the first to be upgraded with Laser at AMC projection technology from Cinionic at nearly all AMC locations. Work is currently underway on AMC’s first major broad scale projector upgrade since the transition to digital with the launch of Laser at AMC.
AMC Theatres has reached its first-ever agreement with Netflix to play a Netflix movie theatrically. From November 23-29, AMC moviegoers can enjoy Glass Onion: A Knives Out Mystery at more than 200 locations throughout the United States. It will also play at select Odeon Cinema Group’s locations in the UK, Ireland, Italy, Germany, and Spain.
AMC Theatres has finalized a deal with Bow Tie Cinemas to purchase and operate seven locations in Connecticut, upstate New York and Annapolis, Maryland.
AMC Theatres has renewed and extended its 3D agreement with RealD across its domestic platform through 2024. In addition, AMC has committed to installing RealD 3D systems in all new-build theatres and as they upgrade, renovate and improve existing AMC locations in North America during the term of the extension.
AMC plans to open Saudi Arabia’s first cinema theatre, in Riyadh, on April 18. It marks the first time a commercial cinema theatre has opened in the country in nearly four decades. Reports say the first movie screened in the Kingdom will be Marvel’s Black Panther. With a population of more than 32 million, the majority under the age of 30, Saudi Arabia is set to become the largest market for moviegoers in the Arabian Gulf region. The Kingdom is set to have nearly 350 cinemas, with more than 2,500 screens, by 2030.
AMC has announced plans to acquire Carmike Cinemas for a reported $737 million in cash. Under the terms of the deal, AMC will offer $30 a share, an increase of 19 percent over Carmike’s closing price on Thursday. AMC would also Carmike’s debt, making the transaction worth about $1.1 billion. If approved, the deal would give AMC more than 600 theatres, making it the largest theatre chain in the country.
