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75-621: On March 4, 2016, AMC Theatres announced its intent to acquire Carmike Cinemas. The deal was closed on December 21, 2016; Carmike locations were converted to the AMC brand in 2017, with the Carmike logo and slogan being repurposed for the new AMC Classic banner (which was adopted by smaller AMC locations with fewer premium amenities). Carmike was founded when Carl L. Patrick, Sr. acquired Martin Theatres from Fuqua Industries in 1982. The company's name

150-478: A dynamic pricing model for tickets for showings that occur after 4pm based on seat location. Seats located near the front of the theatre and select ADA seats will be priced less than other seats and will only be made available to members of the Stubs rewards program and seats in the middle of the theatre will be priced more than the other non-front row seats. In addition, AMC Stubs A-List members will be able to reserve

225-474: A "significant" number of upcoming blockbuster films as signs of optimism. Aron also confirmed that Wanda no longer had majority control, and the company would now "be governed like most other publicly traded companies with a wide array of shareholders". In June 2021, retail investors once again poured into AMC stock, propelling shares to an all-time high of $ 77.26 in another alleged short squeeze. Short sellers betting against AMC incurred losses of over $ 2.8B as

300-623: A 0.002% stake with the SEC, largely confirming the end of their involvement in AMC. During its fourth-quarter earnings call in March 2021, the company reported that its revenue had fallen by 88% year-over-year. CEO Adam Aron stated that AMC was facing the "most challenging market conditions in the 100-year history of the company", but cited progress on COVID-19 vaccinations, decisions to allow cinemas in New York City and Los Angeles to re-open, and

375-429: A U.S.-based subsidiary of Wanda Group issued a filing with the SEC, stating that it had converted its Class B common stock to Class A shares to permit their sale. While Wanda remained AMC's largest single shareholder, the conversion, as well as AMC's financing efforts taking its stake below 37%, effectively surrendered its majority control since Class A stock only provides one vote per-share. On May 21, 2021, Wanda filed

450-486: A bar service under the MacGuffins brand. These are primarily offered at AMC and AMC Dine-in locations, but some AMC Classic locations with liquor licenses offer their alcoholic beverages under this brand. Drinks can be ordered to be consumed in the bar and lounge area or taken into the theater. Some AMC Dine-in theaters have their MacGuffins set up as a full-service restaurant that can be accessed without having to pay for

525-609: A brand of Southern Theatres. As part of Southern Theatres' long-term deal with National CineMedia, the Movie Tavern switched from Screenvision to National CineMedia in June 2014. As of December 2016, AMC now owns those former Carmike theatres, some of which are now AMC branded. The company also owned "Rave Digital Media" along with Continental Retail Development, with headquarters in Columbus, Ohio , and operated six properties under

600-580: A full conversion of existing theaters was completed in August 2007. When Rave Cinemas acquired some theaters from National Amusements in late 2009 and early 2010, they used Barco projectors instead of Christie. With Rave Cinemas now owned by Cinemark, the Christie projectors will be removed and replaced with Barco projectors. At AMC Theatres, the Christie projectors (Barco projectors at Grove City 14) were removed and replaced by Sony 4K Digital Cinema except for

675-539: A joint venture with United Artists Theaters and Cinema International Corporation (a partnership of Paramount Pictures and Universal Studios ) to run their combined cinemas in the UK, Ireland under the AMC name, however, AMC pulled out of the joint venture in December 1988, and sold their U.K. assets, including their 12 cinemas, to the new entity (later called United Cinemas International ) for $ 98 million and withdrew from

750-508: A legal fight with his brothers. The chain also had theaters in St. Joseph and Jefferson City, Missouri and Leavenworth and Topeka, Kansas . When Edward's son Stanley left the U.S. Air Force after World War II , he joined the company in 1945. He persuaded his father to build drive-in theaters in St. Joseph, Jefferson City, and Leavenworth. In 1947 they expanded further with the acquisition of

825-1140: A location in Columbus, Georgia. Amenities include a modern multiplex or megaplex movie theater with 5–15 screens, indoor miniature golf , a roller skating rink , a laser tag arena, and a video game arcade . At the time, Carmike was wanting this field to be extremely profitable. While the Columbus, Georgia location is still open, other locations in West Valley City, Utah (a suburb of Salt Lake City ), DeKalb, Illinois , Valparaiso, Indiana (a suburb of Chicago), and Goshen, Indiana have closed. Carmike filed for Chapter 11 bankruptcy protection in August 2000 after failing to make US$ 9 million in interest payments to bondholders—the company owed approximately US$ 650 million in debt. Since declaring bankruptcy, many theaters (mostly smaller single, twin and triple theatres) in inactive markets were closed down, and some were renovated or relocated in areas with desirable market potential—most of these newer theaters are 10 screens or larger. The number of theaters owned or operated by

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900-459: A movie ticket. Rave Cinemas Rave Cinemas , formerly known as "Rave Motion Pictures", is a movie theater brand founded in 1999 and owned by Cinemark Theatres . It previously was headed by Thomas W. Stephenson, Jr., former CEO of Hollywood Theaters, and Rolando B. Rodriguez, former Vice President and Regional General Manager for Walmart in Illinois and northern Indiana . The chain

975-833: A parking lot for the system's nearby hospital and nursing college. Actress Patricia Neal called the destruction of the theater "a crime" in a letter of support, and letters were also written by Kirk Douglas , Janet Leigh , Robert Wise and film critic Leonard Maltin . Carmike exited bankruptcy in January 2002, having successfully restructured its debts and operations. A judge approved the Chapter 11 plan, filed in October 2001, which involved payment of US$ 263 million of Carmike's bank loans. In 2005, Carmike purchased 30 GKC Theaters (263 screens) from Beth Kerasotes (the heir of George Kerasotes ) for $ 66 million. The George Kerasotes Corporation

1050-448: A result. AMC issued more shares during the surge, but warned potential investors against buying the shares "unless you are prepared to incur the risk of losing all or a substantial portion of your investment". The cinema chain operator said it believed current prices reflected "market and trading dynamics unrelated to our underlying business". In the year to date, shares in AMC had soared 2,421% – despite its cinemas being largely shut during

1125-586: A shorter theatrical window of 17 days before Universal could release their films via premium VOD, as well as revenue sharing on the premium VOD window. On August 20, 2020, AMC began the process of reopening selected locations in the United States where allowed under local health orders. In honor of the company's centennial year, AMC also offered a special 15-cent ticket promotion that day, promoted as "Movies in 2020 at 1920 Prices." The company aimed for at least two thirds of its locations to be open in time for

1200-462: A single calendar month. Manual adjustments would be made for purchases made within 30 calendar days from date of original purchase. As of March 29, 2012, AMC Stubs had 3.2 million members, which represents approximately 18% of AMC attendance during fiscal 2012. In July 2018, AMC Stubs was split into three programs that are currently still in-place: the free AMC Stubs Insider; the yearly fee-based AMC Stubs Premiere, which costs $ 15 annually and provides

1275-562: A small ten-theatre chain. With an interstate planned around Kansas City, Durwood looked to sites outside downtown and acquired two sites at a shopping center on Kansas City's Ward Parkway to build a 700-seat theater. As the sites could not be combined, they opened two theaters side-by-side as the Parkway Twin Theatre in 1963. This was the company's first foray into using the multiplex model. According to Variety , Stanley Durwood later claimed in 1962 that he "was standing in

1350-593: Is listed on the New York Stock Exchange ; from 2012 to 2018, the Chinese conglomerate Wanda Group owned a majority stake in the company. Private equity firm Silver Lake Partners made a $ 600 million investment in AMC in September 2018, but the voting power of AMC shares was structured so that Wanda Group still controlled the majority of AMC's board of directors. Amid financial downturns caused by

1425-414: Is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal Cinemas and Cinemark Theatres . After acquiring Odeon Cinemas , UCI Cinemas , and Carmike Cinemas in 2016, it became the largest movie theater chain in the world. It has 2,807 screens in 353 European theatres and 7,755 screens in 593 American theatres. The company

1500-508: The American Royal livestock and horse show, but the latter's producers sought an injunction, and the name was changed to American Multi-Cinema, Inc. Stanley began to apply military management and the insights of management science to revolutionize the movie theatre industry. As he later explained to Variety magazine, "We needed to define what our company was doing in the (exhibition) business. My dad wasn't that organized." It

1575-662: The COVID-19 lockdowns , in January 2021, Wanda's ownership was increasingly diluted due to new financing by AMC, as well as short squeezes that resulted in Silver Lake converting its $ 600 million debt holding to equity. In early-February 2021, Wanda converted its Class B shares to Class A shares , thus reducing its voting power to less than 50%. AMC Theatres was founded in 1920 by Maurice, William, Irvin, Edward, and Barney Dubinsky, sons of Russian Jewish immigrants Simon and Sarah Dubinsky. The Dubinsky brothers had been traveling

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1650-499: The Sundance Group 's cinema chain, Sundance Cinemas , for $ 36 million. On March 3, 2016, AMC Theatres announced its intent to acquire Carmike Cinemas in a $ 1.1 billion deal, subject to regulatory and shareholder approval. The deal was completed on December 21, 2016. With the deal, AMC overtook Regal Entertainment Group as the United States' largest movie theater chain. In February 2017, AMC announced it would discontinue

1725-615: The "Rave Digital Media" brand. The Rave Digital Media brand was sold to AMC Theatres on January 4, 2013. Most theaters features multiple concession stands, arcade games, online and kiosk ticketing, and a futuristic environment with special lighting, LCD menu and film trailer displays, and some have a stylized special event room. Every auditorium in Rave built theaters features the following: In addition, large auditoriums often feature two-floor exits with central seating for patrons with physical disabilities and elevator access. Several of

1800-659: The "Rave Motion Pictures" branding under a management services agreement with Rave Cinemas, LLC. Concurrently with the RRC acquisition, Rave Cinemas, LLC, purchased the business operations and real estate of 35 properties owned by National Amusements, Inc. (NAI) , parent company of Viacom and CBS Corporation . The former NAI assets were rebranded "Rave Motion Pictures" in the second quarter of 2010. In October 2012, Rave Reviews Cinemas, LLC, signed an agreement to sell 16 theaters with 251 screens to Carmike Cinemas for $ 19 million in cash and $ 100.4 million of assumed lease obligations. Of

1875-818: The 16 theaters being acquired, six are in Alabama, four in Florida, two in Indiana, and one each in Illinois, Pennsylvania, Tennessee and Texas. This was Carmike's first foray into IMAX . The sale also included 7 IMAX screens. Before the sale Rave owned or managed 62 theaters and 939 screens located in 21 states across the country. On July 18, 2013, Carmike Cinemas announced that they would buy three more theatres from Rave Cinemas located in Louisville, Kentucky; Voorhees, New Jersey; and Hickory Creek, Texas. With this change,

1950-448: The 16 theaters being acquired, six are in Alabama, four in Florida, two in Indiana, and one each in Illinois, Pennsylvania, Tennessee, and Texas. Before the sale Rave owned or managed 62 theaters and 939 screens located in 21 states across the country. In November 2012, Cinemark entered into an agreement to purchase 32 Rave Cinemas locations for $ 240 million. The sale is subject to antitrust approval. Only two locations were to remain under

2025-555: The 400 jobs to move across the Kansas/Missouri border. After reaching a settlement with the state of Illinois regarding complaints from a disability rights organization in April 2012, AMC pledged to equip all of its theaters in the state with captioning and description services by 2014. The disability rights group had accused the company of only providing closed captioning or audio description systems at some of its locations in

2100-848: The AMC Arrábida 20 in Porto, Portugal . In January 2002, the 16-screen Great Northern theatre was opened in Manchester in the U.K., marking the chain's return to the UK market after 14 years. This was later supplemented by the opening of a 12-screen cinema on the Broadway Plaza site in Birmingham in October 2003. AMC Theatres sometimes serve a dual function; in addition to the regular cinema functions, they also cater to companies' business conferences that can make use of their projectors for displaying presentations. In 2004, AMC Theatres

2175-470: The AMC cinemas that were not part of the Loews Cineplex acquisition and therefore ticketed by MovieTickets.com , the website's surcharge was waived for MovieWatcher members. On April 1, 2011, AMC started a new rewards program known as AMC Stubs, which could be purchased for a fee of $ 12 for an entire year. For that initial fee, members would receive $ 5 on every $ 50 spent between the box office and

2250-563: The Carmike name and re-brand all of its locations under either the AMC, AMC Classic, or AMC Dine-in banner. Most of Carmike's former locations were converted to the AMC Classic banner, which denotes smaller locations with fewer premium amenities than the AMC and AMC Dine-In banners. Upon the change in banner, some locations also switched formats from second-run to first-run films, whilst maintaining lower ticket prices than competitors. The AMC Classic banner uses Carmike's trademarks , including

2325-776: The Liberty Theater in downtown Kansas City which they remodeled and renamed the Roxy. They won an antitrust suit to enable them to show first-run product at the Roxy and went on to acquire all of the downtown cinemas in Kansas City including The Empire Theater , the Capri Theatre , the Midland Theatre and the Paramount Theatre. In 1961, after Ed died, Stanley took control of Durwood Theatres,

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2400-584: The Midwest performing melodramas and tent shows with actress Jeanne Eagels . They purchased the Regent Theatre on 12th Street between Walnut and Grand in downtown Kansas City, Missouri . Maurice, the oldest brother, died in 1929, and Barney left the company in 1936 after being injured in an auto accident. Edward, the youngest brother, eventually changed his last name to Durwood, and the company they formed eventually became known as Durwood Theatres, after

2475-802: The Rave Cinemas umbrella after the Cinemark sale was completed, however there was much speculation within the industry that these remaining two locations will either be sold or shuttered. On November 27, 2012, AMC Theatres entered into an agreement to purchase four Rave Review Cinemas, LLC theaters not purchased by Carmike Cinemas, Cinemark, or Starplex. Of the four theaters being acquired, two were in Louisiana, and one each in Alabama and Florida. On January 4, 2013, AMC Theatres entered into another agreement to purchase six more Rave Cinemas theaters not purchased by Carmike Cinemas, Cinemark or Starplex. Of

2550-754: The Rave Ritz Center 16 in southern New Jersey, and either the Rave Hickory Creek 16 in Hickory Creek, Texas or the Cinemark 14 in Denton, Texas due to the purchase of Rave Cinemas. In addition, Cinemark's chairman Lee Roy Mitchell was also required to sell the Movie Tavern Inc. to Southern Theatres . Some former Rave locations now have the Cinemark branding. On July 18, 2013, Carmike Cinemas announced that they will be buying

2625-570: The September 3 release of Tenet . The company upgraded its air filtration systems to four times the rates before the pandemic and installed electrostatic sprayers in the auditoriums. In October 2020, the company reported that its existing cash resources "would be largely depleted by the end of 2020 or early 2021." On January 26, 2021, AMC stated that it had raised $ 917 million in new funding, including $ 506 million in equity and new common shares, and commitments for $ 411 million in debt financing. The company stated that this new funding "should allow

2700-472: The Stonybrook 20 & IMAX, Ritz Center 16 and the Hickory Creek 16 theatres from Rave Cinemas, a division of Cinemark. Cinemark kept the Cinemark 14 in Denton, Texas. With this change, Hickory Creek will remain with Screenvision. Louisville KY and Voorhees NJ will switch to Screenvision from National CineMedia . Because Cinemark retained the Denton location, it remained with National CineMedia. The sale

2775-736: The UK market. In 1988, Kinepolis Brussels , the first megaplex in the world, with 25 screens and 7,600 seats, was opened by Kinepolis , the European chain. In 1995, AMC Theatres opened the first North American megaplex, the AMC Grand 24 in Dallas, Texas , a theater complex that could accommodate thousands. AMC continued to open other megaplex theaters, such as the AMC Hampton Towne Center 24 in Hampton, Virginia, and

2850-405: The United States through the end of 2026. Selected AMC locations offer premium screens and features for a higher ticket price, including premium large formats . AMC Entertainment Holdings Inc. invested $ 20 million in virtual-reality arcades and productions: $ 10 million to virtual reality entertainment company Dreamscape Immersive and another $ 10 million in a content fund. AMC Theatres created

2925-512: The Voorhees and Louisville locations switched to Screenvision from National CineMedia, while Hickory Creek remains with Screenvision. The sale also included an eighth IMAX screen. The sale was closed on August 16, 2013. On November 4, 2013, Carmike Cinemas purchased Muvico Theaters for just under $ 31.8 million in an acquisition that included Muvico's nine locations in Florida, California and Illinois. Two Bogart's restaurants were also included in

3000-483: The announcement of its "AMC Preferred Equity Units" after market close, a new preferred share class. The units were to be listed on the New York Stock Exchange under the symbol "APE," a nod to the individual investors who turned the company into a meme stock , who often refer to themselves as "apes". Over 516 million APE units were subsequently issued to AMC shareholders in a 1:1 special dividend, with

3075-772: The chain's busiest theater in the US, the AMC Empire 25 in New York City near Times Square . On December 13, 1996, AMC opened the Ontario Mills 30, a 30-screen theater in Ontario, California , which at the time was the largest multiplex in the world. AMC Theatres' megaplex theatres were a success overseas as well. In April 1996, they opened Canal City 13 in Fukuoka, Japan , which was followed on December 20, 1996, by

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3150-679: The closure of all of its theaters due to the COVID-19 pandemic , in compliance with CDC guidance against any gathering of over ten people. AMC said this shutdown would last for at least six to twelve weeks. On March 25, 2020, AMC furloughed all of its 600 corporate employees, including CEO Adam Aron. All furloughed corporate AMC employees and associates retained active employment status, including all health benefits. On April 28, 2020, AMC announced they would no longer carry films from Universal Pictures after NBCUniversal CEO Jeff Shell commented in The Wall Street Journal that

3225-734: The company dropped from 448 to just over 300. During bankruptcy, the company was forced to sell or close several historic theaters, including the Villa Theatre in Salt Lake City, Utah and the Indian Hills Theater in Omaha, Nebraska, the latter of which contained a 70-foot (21 m) wide Cinerama screen, believed to be the largest in the US at the time. The Indian Hills was eventually demolished in August 2001 by its new owners, Methodist Health System, and replaced with

3300-439: The company is above 30%) that, even after reducing its ownership of AMC common stock to just under 50% by the end of 2019, Wanda Group continued to retain majority control over AMC's board of directors. In October 2019, AMC began to offer on-demand rentals and purchases of digital film releases under the banner AMC Theatres On Demand. The service is tied to the company's Stubs loyalty program. On March 18, 2020, AMC announced

3375-684: The company to make it through this dark coronavirus-impacted winter". The next day, as part of a wider series of short squeezes coordinated by the Reddit community r/wallstreetbets (which primarily targeted video game retailer GameStop ), AMC experienced a major, 300% surge in its share price to a peak of $ 20.36. The surge triggered Silver Lake Partners' convertible bonds ; on January 28, it reached an agreement to convert $ 600 million of its debt holdings in AMC to equity at $ 13.51 per-share. Mudrick Capital Management made nearly $ 200 million in profit off its holdings of AMC debt. On February 5, 2021,

3450-415: The company's management to withdraw from such an offering on May 3, 2007. The company filed for a $ 450 million IPO in its third such filing since 2006 on July 14, 2010. Stanley Durwood died in 1999, and his successor was Peter Brown, the first non-Dubinsky/Durwood family member to head the company. Gerardo I. Lopez succeeded Brown as president and CEO of AMC Theatres on March 2, 2009. Previously, Lopez

3525-572: The concession stand at any AMC theater nationwide. AMC Stubs members also received a free size upgrade with every popcorn and drink they purchase (for example, an AMC Stubs member can get a large popcorn for the price of a regular). Other perks include birthday gifts and waived ticketing fees for online ticketing sites such as MovieTickets.com and Fandango and also online ticket purchases through AMC's own website and mobile app. Receipts or ticket stubs were required for manual adjustments. No more than four manual adjustments would be allowed per account in

3600-531: The end of the year. This cost reduction would be accomplished by reducing operating hours, cutting staffing levels, and other measures. In September 2018, Silver Lake Partners made a $ 600 million investment in AMC Theatres, whose proceeds were used to repurchase approximately 32% of Wanda Group's class B common stock . However, the voting power of AMC's shares is structured in such a way (granting three votes per-share for each Class B share if its stake in

3675-521: The expensive middle seats at no additional charge. In July 2023 AMC chose to abandon dynamic pricing after testing showed that customers were still not likely to choose front-row seats despite their lower prices, with most customers still sitting in the middle of the theatre or other non-front seats despite the upcharge. This made AMC believe that this made their prices less competitive as competitors did not also adapt dynamic pricing. The company also stated that it would test seats that recline further back in

3750-554: The folded film logo and "America's Hometown Theatres" slogan. AMC Theatres AMC Entertainment Holdings, Inc. ( doing business as AMC Theatres , originally an abbreviation for American Multi-Cinema ; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas ) is an American movie theater chain founded in Kansas City, Missouri , and now headquartered in Leawood, Kansas . It

3825-504: The front rows that would potentially allow better views. On July 31, the company reported their highest single-week admissions revenue in company history due to the Barbenheimer craze. On September 6, AMC announced that it had planned to sell up 40 million shares. AMC patented cup holder armrests in 1981. AMC also introduced stadium-style seating. The seats are placed on risers so that each person has an unobstructed view of

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3900-751: The lobby of his 600-seat Roxy in Kansas City mulling over its poor grosses, when he realized he could double his box office by adding a second screen and still operate with the same size staff." Following the success of the Parkway Twin, AMC followed up with the Embassy 3 triplex at the Country Club Plaza ; the Metro Plaza, a four-screen theater in Kansas City in 1966; and a six-screen theater in Omaha in 1969. The industry quickly embraced

3975-467: The multiplex concept, where additional screens meant very little difference in staff and operating costs but resulted in a significant profit increase. The concept also provided more film choices at one location, drawing bigger crowds. It also gave owners the flexibility to show big hits on more screens and less reliance on any individual film that could turn out to be a bust. Stanley renamed Durwood Theatres as American Royal Cinema on October 1, 1968, after

4050-403: The now-defunct MovieWatcher program that rewarded frequent movie-goers similar to other rewards programs but featured innovative aspects. It was based on a points-per-movie-ticket-purchased system, with rewards varying from concessions to movie passes based on point-based level. However, points were limited to a maximum of four points per three-hour time period, which was equal to two tickets. For

4125-499: The pandemic. In August 2021, the company revealed plans to begin accepting cryptocurrencies such as Bitcoin for purchases in the future, which it did in November 2021 for online purchases via PayPal . In April 2022, AMC added integration with BitPay as a payment provider to its mobile app, allowing customers to use crypto payments such as Dogecoin and Shiba Inu . On August 4, 2022, AMC took Wall Street by surprise with

4200-812: The sale and, after the sale closed at the end of 2013, the MuviXL screens was rebranded as "Carmike's BigD". Carmike's first-ever California location, the Thousand Oaks 14 theater, was obtained in the acquisition. On May 15, 2014, Carmike Cinemas announced their purchase of Digital Cinema Destinations Corp., operating as Digiplex Destinations, in an all-stock transaction. Included in the deal were Digiplex's 21 open locations containing 206 screens, as well as 5 theaters in development with an additional 53 screens. The acquisition introduced Carmike to 4 new states: Arizona, Connecticut, Maryland, and New Hampshire. On October 6, 2015, Carmike Cinemas announced it agreed to acquire

4275-585: The same benefits as the original Stubs plus an expedited line at tickets and concessions; and the monthly fee-based AMC Stubs A-List, which includes up to 3 movie tickets a week to any film in any format for $ 19.95 to $ 23.95 a month, depending on the state the member plans to watch movies in. Discount Tuesdays is another feature every Tuesday for members to purchase tickets typically for just $ 6 to any film in most locations, with occasional exclusions, plus surcharges for premium formats such as 3D, IMAX, and Dolby Cinema, as well as special events. Some AMC locations have

4350-707: The screen. In 1995, they introduced "Love Seat" style seating with retractable armrests so that there can be no barrier between two seats. In July 1994, AMC signed an agreement with Sony to begin installing SDDS (Sony Dynamic Digital Sound) in auditoriums, and began upgrading selected older auditoriums in 2003. On March 26, 2009, AMC announced an agreement to convert 1,500 existing auditoriums to fully digital 3D screens using RealD technology. On March 30, 2009, they announced they would convert all 4,500 screens in their chain to 4K digital projectors provided by Sony. In April 2022, AMC also announced an agreement with Cinionic to install laser projectors at 3,500 of its screens in

4425-483: The second quarter of 2009 and completing in 2012. The company was formerly headquartered in downtown Kansas City. In September 2011, AMC Theatres announced plans to move its headquarters to a new $ 30 million four-story building designed by 360 Architecture in the Park Place development at 117th Street and Nall Avenue in Leawood, Kansas in suburban Kansas City . Kansas had offered $ 47 million in incentives to get

4500-867: The six theaters being acquired, two were in Ohio, one in North Carolina, one in Nevada, one in Nebraska and one in California. On May 10, 2013, Starplex Cinemas bought the Berlin 12 located in Kensington, CT from Rave Cinemas. On May 29, 2013, the sale of Rave Cinemas to Cinemark Theatres was completed. Cinemark was also required to sell the Rave Stonybrook 20 + IMAX theater in Louisville, Kentucky,

4575-804: The state. In May 2012, AMC Theatres was acquired by Chinese conglomerate Wanda Group , headquartered in Dalian , who paid $ 2.6 billion to acquire AMC's 5,048 screens in 347 theaters in the U.S. and Canada. The deal was finalized on September 4, 2012. The acquisition made Wanda the world's largest cinema chain. Wang Jianlin , CEO of Dalian Wanda Group, announced that the company would plan to spend $ 500 million renovating AMC locations. AMC Theatres had eight movie theatres in Canada. In July 2012, four locations were sold to Cineplex Entertainment , and two more locations were sold to Empire Theatres and later acquired by Landmark Cinemas . The two remaining locations have since closed. Gerardo I. Lopez announced his resignation as CEO of AMC in August 2015. Craig Ramsey

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4650-567: The studio wanted to release films via premium video-on-demand simultaneously with theatrical releases. The company threatened that this will also be done with any other studio "who unilaterally abandons current windowing practices absent good faith negotiations between us, so that they as distributor and we as exhibitor both benefit and neither are hurt from such changes." On June 3, 2020, AMC stated that it had "substantial doubt" that it would remain in business. On July 28, 2020, AMC and Universal were able to resolve their dispute, with AMC agreeing to

4725-508: The theaters are also equipped with Real D 3D cinema systems. Each newly opened building is completely digital in picture and sound. Properties acquired from National Amusements may not have all of the features or designs listed above. In June 2006, Rave Motion Pictures announced a partnership with Christie/AIX to install 445 digital cinema systems in its theaters. Several Rave theaters (including theaters in Peoria, Illinois and Huntsville, Alabama ) already have Christie systems installed;

4800-452: The units wielding similar economic properties as common shares. AMC stock gained 19% to $ 22.18 at the close on Friday after initially falling following the announcement of the new units on Thursday. The preferred shares started trading under the "APE" ticker on the New York Stock Exchange starting Aug. 22. AMC CEO Adam Aron stated "We are making great strides on our path towards pandemic recovery". In February 2023 AMC announced plans to test

4875-455: Was acquired by Marquee Holdings Inc., an investment vehicle controlled by affiliates of J.P. Morgan Partners, LLC , the private equity arm of JPMorgan Chase , and Apollo Global Management , a private investment firm. At the time, AMC was publicly traded on AMEX under the code AEN. In 2006, the company announced a new initial public offering (IPO) expected to be worth approximately $ 789 million; however, adverse market conditions convinced

4950-458: Was appointed as the interim CEO by the company board. In December 2015, AMC announced that Adam Aron would be the company's president and chief executive officer, as well as a member of the company's board of directors, beginning on January 4, 2016. In March 2016, AMC Theatres announced it would acquire competitor Carmike Cinemas . In July 2016, Carmike's management accepted a revised offer, pending regulatory and shareholder approval. The deal

5025-527: Was appointed president and chief executive officer, while board member, Roland C. Smith, succeeded Passman as Carmike's chairman of the board. Van Noy and Hare remained in their respective positions. In 2011, Carmike Cinemas acquired MNM Theatres, adding three locations (40 screens) in the Atlanta area. In October 2012, Rave Cinemas , a division of Cinemark Theatres , signed an agreement to sell 16 theaters with 251 screens to Carmike Cinemas for $ 19 million in cash and $ 100.4 million of assumed lease obligations. Of

5100-482: Was closed on August 16, 2013. On September 12, 2013, Southern Theatres announced that they acquired the Movie Tavern from Lee Roy Mitchell after he was required to sell the Movie Tavern after Cinemark bought Rave Cinemas on May 29, 2013. As a result, Cinemark opened their own dinner-and-a-movie theatres called Movie Bistro. This concept was launched in August 2013 and is currently at four Cinemark locations in Colorado, Louisiana, and Texas. The Movie Tavern will remain

5175-510: Was closed on December 25, 2016, making AMC the largest cinema chain in the United States. On March 1, 2017, AMC Theatres CEO Adam Aron stated that the company would rebrand Carmike Cinemas locations under the AMC name; smaller locations were rebranded under the new banner AMC Classic (which repurposes trademarks associated with Carmike). Aron also announced a plan to rebrand its kitchen-equipped theaters as AMC Dine-In. In July 2017, AMC Theatres announced they would cut $ 30 million in expenses by

5250-400: Was derived from a combination of the first names of Carl L. Patrick, Sr.'s two sons, Carl Jr. and Michael, hence "Carmike". In 1996, Carmike purchased Fox Theatres Corp. (which had 61 screens in their chain), and Maxi Saver Cinemas (which had 18 screens in their chain), both primarily in Pennsylvania . In 1997, Carmike partnered with Walmart to start the Hollywood Connection , starting with

5325-483: Was headquartered in Dallas , Texas until it was acquired by Plano -based Cinemark Theatres . Rave Cinemas, LLC was formed in late 2009 by TowerBrook Capital Partners and investors Lambert Media Group and Charles B Moss, Jr. Rave Cinemas then acquired four properties, corporate infrastructure, and leadership, and the Rave Motion Pictures brand from Boston Ventures owned Rave Reviews Cinemas, LLC (RRC). RRC continues to own 21 other properties which will operate under

5400-547: Was selected as the non-executive chairman of the board. The board established an Office of the Chairman as a body that oversaw the company's strategic direction and the transitional period until a new chief executive was employed—in addition to Passman, the Office of the Chairman consisted of chief operating officer Fred Van Noy and chief financial officer Richard Hare. On June 4, 2009, the company announced that S. David Passman III

5475-553: Was structured under the belief that every customer was a "guest". By the 1980s, the company was experiencing strong growth; in 1983, it had its initial public offering . AMC Theatres built its first multiplex overseas in 1985, the 10-screen multiplex at The Point, Milton Keynes in the United Kingdom , and later opened additional sites in the UK such as in Dudley and Tamworth, Staffordshire . In October 1988, they announced

5550-563: Was the Executive Vice President of President Consumer Products Group, Seattle's Best Coffee , and Foodservice at Starbucks . Under new leadership, one of the first major announcements came in March of the same year; the company announced that it would equip 1,500 of its screens with Real D projectors. In the same month, AMC Theatres announced it had closed on a $ 315 million deal with Sony to replace all of its reel projectors with digital cinema projectors, starting in

5625-491: Was the result of a split with other family members who jointly owned Kerasotes Theatres . In December 2008, Mark Cuban acquired a 9.4 percent stake in Carmike Cinemas and, following a Securities and Exchange Commission (SEC) filing, Cuban explained that his interest was for investment purposes. Carmike Cinemas' board of directors removed Michael Patrick as its chief executive on January 20, 2009. S. David Passman III

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