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CNBC
27-05-2025
- Entertainment
- CNBC
Movie theater stocks soar after record-breaking Memorial Day box office
Shares of movie theater companies soared on Tuesday following a record-breaking Memorial Day Weekend at the domestic box office. AMC saw its stock jump more than 20%, while shares of Marcus Theatres' parent company Marcus Corporation climbed 8% and Cinemark stock leaped 2.5%. The tandem releases of Disney's live-action "Lilo & Stitch" and Paramount's "Mission Impossible — The Final Reckoning" alongside holdovers Disney and Marvel's "Thunderbolts*," Warner Bros.' "Sinners" and "Final Destination Bloodlines" led to an estimated $326 million haul, the highest Memorial Day box office ever, according to data from Comscore. It is also more than double the $132 million in ticket sales collected last year during the same period. "Everything came together at the right time with two eagerly anticipated, positively reviewed tentpoles courting a diverse range of audiences," said Shawn Robbins, director of analytics at Fandango and founder of Box Office Theory. "This record holiday frame continues a box office winning streak which began in the spring and has now grown into bona fide momentum for what will likely be a $4 billion-plus summer at domestic cinemas thanks to a string of promising blockbusters on the slate." AMC, Cinemark and Marcus Theatres each posted their best Memorial Day Weekend ticket revenues of all time, as well as record food and beverage sales for the holiday. "Finally it would appear that our industry has turned a corner," Adam Aron, CEO of AMC, said in a statement. "Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing. A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025." "Lilo & Stitch" tallied $183 million during the four-day frame, leading the pack, while the eighth installment in the Mission Impossible franchise scooped up $77 million. "Final Destination Bloodlines" took in $23.9 million, "Thunderbolts*" added $11.8 million and "Sinners" snared $11 million, Comscore reported. The combination of new product and strong carryover from previously released films fueled the weekend, Chad Paris, chief financial officer at Marcus Corp, told CNBC. "This is the first time this year where I would say we've had a fulsome amount of product for the weekend," he said. "And we're now getting into the stretch in the calendar where we'll have a steady cadence of product releases and across genres, a lot of different products for people to go see." Over the summer period, which ends Labor Day Weekend, the domestic box office will see the release of Universal's live-action version of "How to Train Your Dragon," a new Disney and Pixar feature "Elio," the hotly anticipated "Jurassic World Rebirth," Warner Bros.' "Superman" reboot, and Disney and Marvel's "The Fantastic Four: First Steps." In between these tentpoles are a slew of low-and-mid budget films across genres like horror, drama, comedy and sports. "Every other studio and every other movie on the horizon over the next few weeks are going to ride a wave and benefit from the performance of the past couple of months," said Paul Dergarabedian, senior media analyst at Comscore. "We're going to have one hell of a summer and if Memorial Weekend is any indication, we're certainly looking at a $4 billion plus summer at potentially $4.2 billion plus and that's great news after a summer of 2024 that failed to reach that milestone."
Yahoo
27-05-2025
- Business
- Yahoo
AMC Announces Record-Breaking Memorial Day Numbers, Thanks to 'Lilo & Stitch'
Ticket and concession sales from Thursday through Monday set a record for the best Memorial Day weekend in AMC Entertainment history, the cinema chain said. The movie theater operator credited Lilo & Stitch and Mission: Impossible — The Final Reckoning with bringing in crowds. Shares of AMC and Disney rose Tuesday morning as investors absorbed box office was a blockbuster weekend for AMC Entertainment (AMC). AMC had the most lucrative Memorial Day weekend in its history, setting records for admissions income, food and beverage sales, and total revenue at U.S. theaters, the movie theater operator said. AMC credited the releases of Lilo & Stitch and Mission: Impossible — The Final Reckoning with drawing crowds, bolstering shares of AMC along with the hits' respective producers, The Walt Disney Company (DIS) and Paramount Global (PARA). AMC hasn't had as many people visit its domestic theaters over Memorial Day weekend since 2013, the company said. Americans spent a total of $326.7 million on tickets with various movie theater operators over the holiday weekend, topping the $314.3 million record from 2013, The Wall Street Journal reported. 'Finally it would appear that our industry has turned a corner. Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing,' AMC CEO Adam Aron said in a press release. "We firmly expect to be enjoying a robust theatrical box office as we look ahead.' Shares of AMC were recently up 9%, but have fallen about 11% so far this year. Lilo & Stitch, a live-action remake of a movie about a Hawaiian family's adoption of an alien, grossed $183 million in domestic ticket sales from Friday through Monday, according to Comscore, a firm that measures media consumption and audiences. Shares of Disney, its producer, ticked up nearly 2%. Paramount's Mission Impossible action movie sold $77.5 million in tickets over the four-day period, according to Comscore. Paramount stock crept up less than 1%. Read the original article on Investopedia
Business Wire
27-05-2025
- Business
- Business Wire
AMC Entertainment Sets Memorial Day Holiday-Weekend Records for Admissions Revenue, Food and Beverage Revenue, and Total Revenue, on the Way to AMC's Biggest Revenue Weekend So Far in 2025
LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Entertainment (NYSE:AMC), the largest theatrical exhibitor in the United States and the world, today announced a record-breaking Memorial Day holiday weekend performance. From Thursday through the Monday holiday, AMC set all-time weekend records for the Memorial Day holiday for admissions revenue, food & beverage revenue and overall revenue at its domestic locations. In terms of the number of guests in its theatres, both in the United States and globally AMC and ODEON Cinemas also recorded their highest attended weekend and highest attended 5-day period of 2025. All told, more than 7 million moviegoers visited an AMC in the United States or an ODEON Cinemas location internationally from Thursday through Monday. AMC's 5-day performance for overall revenue (admissions revenue plus food and beverage revenue) ranks as the Company's third-best 5-day period in more than a decade. As part of the successful weekend in the U.S., AMC recorded its biggest food and beverage revenue over a 5-day period this decade, and second biggest in Company history. Domestically, it was also AMC's most attended weekend of the year and its highest-attended Memorial Day weekend since 2013. Also, this past weekend domestically at AMC, each of Friday, Saturday, and Sunday were the most attended of all the respective Fridays, Saturdays and Sundays of 2025. AMC's strong results reflect broader momentum across the theatrical industry, as media outlets report a record-setting Memorial Day box office, driven by the robust openings of LILO & STITCH and MISSION: IMPOSSIBLE – THE FINAL RECKONING. Audiences for both films filled AMC's extensive network of premium screens, including IMAX, Dolby Cinema and RealD 3D. AMC Chairman and CEO Adam Aron commented: 'Finally it would appear that our industry has turned a corner. Since early April, weekend after weekend, moviegoers have been demonstrating their preference for theatrical moviegoing. A record-setting Memorial Day holiday is yet another sign of the continued strength and relevance of moviegoing in 2025. With many more potentially huge movies coming in June all the way through the end of 2025, and beyond that deeply into 2026 as well, we firmly expect to be enjoying a robust theatrical box office as we look ahead.' Aron continued: 'This record-setting Memorial Day weekend underscores the long-standing truth that when exceptional films meet unmatched theatrical experiences, audiences respond in a big way. We are especially grateful to our studio partners at Disney and Paramount, as well as the filmmakers, casts, and crews behind LILO & STITCH and MISSION: IMPOSSIBLE – THE FINAL RECKONING for their creating stories and delivering performances that truly resonated with moviegoers. Their creative efforts, combined with AMC's continued focus on enhanced sight, sound, and comfort, led to AMC Entertainment enjoying one of the most successful weekends in our company's history.' About AMC Entertainment Holdings, Inc. AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 900 theatres and 10,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. For more information, visit
Miami Herald
13-05-2025
- Business
- Miami Herald
AMC to offer half-off movie tickets on Wednesdays this summer. What to know
AMC is rolling out deep discounts for moviegoers this summer. Starting July 9, the theater chain will offer half-off adult movie tickets for AMC Stubs rewards members every Wednesday at AMC Theatres nationwide, the company said in a May 12 news release. The '50% off Wednesdays' discount will be available in addition to the Tuesday ticket discount currently offered to rewards members, AMC said. 'Realistically, we could not afford to have made this change to our ticket pricing strategy until the box office showed true signs of sustained recovery,' AMC CEO Adam Aron said in the release, pointing to 'booming' box office numbers in April and May. According to CNN Business, the theater giant struggled to stay afloat in the wake of the COVID-19 pandemic and dual Hollywood strikes, prompting several changes, including an overhaul of its in-theater offerings and an investment in concert films. Attendance at AMC's U.S. theaters was down nearly 12% in the first quarter of 2025 compared to the previous year, per an earnings report published this month. Building on the success of its 'Discount Tuesdays' program, Aron said the theater chain hopes to turn 'Wednesday into a similarly strong-attendance day for moviegoers.' 'The remainder of 2025 appears poised to continue that upward box office trend,' he said. Moviegoers will pay more for premium formats like IMAX and RealD 3D, but the 50% discount will be applied to the base price for those tickets as well, AMC said. Certain films and holiday times may be excluded, though the chain didn't give specifics. Blockbusters set to hit the silver screen this summer include 'Jurassic World Rebirth,' 'Superman' and Marvel's 'The Fantastic Four: First Steps,' Rolling Stone reported. Find your nearest AMC Theatre here.
USA Today
13-05-2025
- Business
- USA Today
AMC to offer 50% off movie tickets on Wednesdays beginning this summer
AMC to offer 50% off movie tickets on Wednesdays beginning this summer 'It is envisioned that if successful, this new AMC pricing initiative will be almost universally available at all AMC Theatres in the United States going forward,' the movie theater chain said. Show Caption Hide Caption AMC, Regal investing $2.2B to upgrade movie theater experience The eight biggest movie theater chains in the U.S. and Canada — including AMC and Regal — will invest $2.2 billion to make upgrades. Straight Arrow News AMC moviegoers will be able to cash in on a major discount at the theaters every Wednesday starting this summer. The theater chain announced on May 12 that it will be offering 50% off movie tickets every Wednesday starting July 9 for members of AMC Stubs, the company's loyalty program for customers. AMC Stubs is free to join and offers existing rewards and discounts, including reduced rates on Tuesdays. As part of the new 50% off Wednesdays promotion, AMC Stubs members will get half off the base price for adult-evening tickets all day long. The deal will be available at all AMC locations around the country. AMC Chairman and CEO Adam Aron said in a statement that the company "could not afford to have made this change to our ticket pricing strategy until the box office showed true signs of sustained recovery." "But in April and now in May, the box office has been booming, and the remainder of 2025 appears poised to continue that upward box office trend," Aron added. Box office revenue dipped sharply during the COVID-19 pandemic but started to bounce back in 2023 and 2024, according to Statista. How does AMC 50% off Wednesdays work? The half-off discount will begin on Wednesday, July 9, and continue every Wednesday after that, AMC said. The company has not announced an end date for the program, so it's possible the deal could extend beyond the summer months. In order to be eligible for the discount, moviegoers have to be AMC Stubs members. The base AMC Stubs program is free to join, though other tiers offer paid subscription plans. Customers can sign up for AMC Stubs online. Which movies are eligible for AMC's 50% off Wednesdays? AMC Stubs members can get 50% off the adult-evening base ticket price, a deal available all day on Wednesdays at every location around the country. Premium format movies such as IMAX at AMC, Dolby Cinema at AMC, PRIME at AMC and RealD 3D will be eligible for the base ticket price discount, though there may be additional charges. Certain movies and holiday time periods may also be excluded from the promotion, though AMC is pushing to make it widely accessible, the company said. "It is envisioned that if successful, this new AMC pricing initiative will be almost universally available at all AMC Theatres in the United States going forward," the company said in a news release. Melina Khan is a trending reporter covering national news for USA TODAY. She can be reached at MKhan@
