AMC Entertainment, parent of world’s largest cinema chain AMC Theatres, sent chills throughout Hollywood with a rough second-quarter earnings report that the company largely attributed to a weak summer movie slate.“While we strongly believe AMC is well positioned for the future, and are confident in the long term prospects for AMC to drive revenue and earnings growth, we are nonetheless extremely disappointed by AMC’s financial and operating results for the second quarter of 2017,” AMC CEO and President Adam Aron said in a statement.AMC had hoped to soften the blow by releasing updated guidance late Wednesday, ahead of earnings, that blamed a soft summer box office for weaker-than-expected second-quarter performance.AMC attributed a big chunk of the second-quarter loss to a pre-tax impairment charge related to AMC’s investment in theater advertising company National CineMedia, whose market value had declined significantly below the value for which AMC had been booking the investment.The company also pointed at a weak second-quarter box office — AMC said the U.S. box office gross for that period dipped 4.4 percent compared with 2016 in its Wednesday release — and a third-quarter film slate that also projects to be soft as reasons for its disappointing results.
NYS Entity Status
NYS Filing Date
APRIL 04, 2014
NYS DOS ID#
2071 COUNTRY ROAD 139 UNIT C
OVID, NEW YORK, 14521
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2014 - AMC PERFORMANCE GOLF LLC
Around the Web
- AMC Entertainment Reports Brutal Q2 Earnings As Summer Box Office Slumps
By Matt Pressberg, provided by
- Friday Aug 4, 2017
- Watch Kevin Smith, AMC President Charlie Collier Talk the Future of Cable TV on Facebook Live (Video)
By Sean Burch, provided by
- Wednesday Jul 26, 2017
Charlie Collier, President and General Manager of AMC, SundanceTV and AMC Studios is the featured speaker at TheGrill Special Event on Tuesday, with an introduction from filmmaker Kevin Smith.Under Collier’s leadership, AMC is the most Emmy-winning cable network in the drama series category.Under his leadership, SundanceTV has had its strongest performance ever, behind new series like “Cleverman” and “Hap and Leonard.”[...] not to be outdone, Smith has written and directed a string of celebrated movies, dating back to 1994’s cult classic “Clerks.”
- Critic's Notebook: Foreign Horror TV Shows Are Light on Monsters, Heavy on Mood
By MIKE HALE - Friday Jun 16, 2017
On the streaming service Shudder, foreign series like “Jordskott” and “Penance” offer a classic psychological dread that’s in short supply on American TV.
- A Golf Center Grows in Harlem
By PAUL ROGERS - Friday Aug 25, 2017
A leader of the Bridge Golf Foundation hopes it will be a “model for progressive gentrification” through its work with underprivileged and mostly black adolescent boys.
- The Look: New York City Parks in the Summer: Romance, Games and a Performance for a Dying Tree
By DANIEL ARNOLD, JOANNA NIKAS and EVE LYONS - Saturday Sep 2, 2017
Daniel Arnold spent the last two months photographing parks in all five boroughs. The experience showed him “a very different pulse of the city.”
- Women of Sex Tech, Unite
By ANNA NORTH - Friday Aug 18, 2017
New York is becoming a cultural center for young women trying to disrupt the male-dominated industries of design engineering and sex toys.