AMC and IMAX expand partnership with laser technology upgrade

LAS VEGAS - AMC Entertainment (NYSE: AMC) and IMAX Corporation (NYSE: IMAX) have announced an agreement to enhance their partnership by introducing IMAX with Laser technology at over 180 AMC locations across the United States. This expansion includes the addition of twelve new IMAX theaters and upgrades to 68 existing ones, making this the largest IMAX systems deal in the U.S. since 2018. According to InvestingPro data, AMC operates with a significant debt burden of over $8.2 billion, making strategic partnerships crucial for its growth initiatives.

AMC, already a significant IMAX operator globally and the largest in the U.S., will now feature the world’s most extensive national IMAX circuit equipped with laser technology. Adam Aron, Chairman and CEO of AMC Entertainment, emphasized the importance of this advancement as part of the company’s AMC Go Plan, aiming to provide premium theatrical experiences to its guests.

Rich Gelfond, CEO of IMAX, highlighted the long-standing relationship between the two companies, expressing excitement about bringing the best of IMAX to more AMC customers. The partnership, which began in 2007, has seen AMC’s IMAX theaters consistently perform well, with eight of the top ten highest-grossing IMAX locations in the U.S. being IMAX at AMC venues.

The expanded partnership is part of AMC’s commitment to investing in innovative technology and delivering superior experiences for moviegoers. This includes sight and sound enhancements, more comfortable seating, and upgraded theaters at high-performing locations such as AMC Lincoln Square 13 and AMC Empire 25 in New York and AMC Burbank 16 in Los Angeles.

AMC Entertainment Holdings, Inc. is the largest movie exhibition company in the United States and the world, with approximately 900 theaters and 10,000 screens globally. The company has been at the forefront of industry innovation, offering premium large format experiences and a wide variety of content. Despite generating annual revenue of $4.6 billion, AMC faces financial challenges with a negative free cash flow yield and weak gross profit margins of ~14%. InvestingPro analysis reveals 12 additional key insights about AMC’s financial health and market position, available to subscribers.

IMAX Corporation is known for its immersive entertainment technology, with a network that serves as a significant theatrical distribution platform for event films globally. As of December 31, 2024, IMAX operated 1,807 systems in 90 countries and territories.

This expansion is set to elevate the movie-going experience, bringing cutting-edge visual technology to audiences across the United States. With AMC’s stock currently trading below its InvestingPro Fair Value and showing a beta of 2.08, investors seeking detailed analysis can access comprehensive Pro Research Reports covering AMC and 1,400+ other top stocks, transforming complex financial data into actionable intelligence. The information for this article is based on a press release statement and InvestingPro data.

In other recent news, Amcor Flexibles North America, a subsidiary of Amcor plc, has announced the pricing of a $2.2 billion private offering of senior unsecured notes. The proceeds are aimed at repaying existing debt related to Amcor’s merger with Berry Global Group. In a related development, Amcor and Berry Global have cleared a significant antitrust hurdle in the U.S., moving closer to finalizing their merger expected in mid-2025.

AMC Entertainment has partnered with Dolby Laboratories to expand their Dolby Cinema locations by 40 theaters across the U.S. by the end of 2027, increasing their footprint by nearly 25%. Additionally, AMC has teamed up with CJ 4DPLEX to introduce 65 new SCREENX and 4DX theaters in the U.S. and Europe by 2027, enhancing their premium movie-going experiences. National CineMedia has reintroduced an annual dividend and plans to accelerate advertising growth, detailing these strategies at its 2025 Investor Day. The company will pay a $0.12 per share dividend quarterly, starting in April 2025, and has launched Bullseye, an AI-driven advertising tool.

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