AMC has been in the news 500% more than usual
Sep 19, 2024, 4:34 PM
-8.88%
What does AMC do
AMC Entertainment Holdings, headquartered in Leawood, Kansas, operates approximately 900 theatres and 10,000 screens mainly in the U.S. and Europe, employing 2,881 full-time staff. The company, listed since December 2013, offers diverse food and beverage options alongside theatrical exhibitions.
AMC has been in the news recently: AMC Entertainment Holdings Inc. is facing a lawsuit from noteholders who claim the company favored junior bondholders during a July restructuring deal involving $1.2 billion in loans. Additionally, AMC and other major theater chains plan to invest over $2.2 billion in upgrades for 21,000 screens over the next three years to improve the cinema experience.
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