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AMC Theatres offers $3 summer movie program

EditorNatashya Angelica
Published 23/05/2024, 23:14
© Reuters
AMC
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LEAWOOD, Kan. - AMC Theatres (NYSE:AMC), the world's largest movie theater chain, announced the return of its AMC Summer Movie Camp, featuring family-friendly Illumination titles at a discounted price of $3 plus tax. The program will commence on June 24 and will run through mid-August at over 250 AMC locations across the United States.

The summer series, sponsored by "Despicable Me 4," is set to showcase eight animated movies from the Illumination studio, including recent releases and classics. The lineup kicks off with "Minions: The Rise of Gru" on June 24 and June 26, followed by weekly showings of other popular films such as "Dr. Seuss' The Lorax," "Sing," and "Despicable Me 2." Each movie will be featured on Mondays and Wednesdays, with tickets now available for purchase.

In addition to the standard screenings, AMC will offer Spanish dubbed versions of the movies at 30 select locations, with those showtimes scheduled for Wednesdays at 2 PM each week.

This initiative is part of AMC's ongoing efforts to provide affordable entertainment options and enhance the movie-going experience. The company has been at the forefront of innovation in the exhibition industry, introducing recliner seats, diverse food and beverage choices, and engaging loyalty programs. AMC also ventured into film distribution with successful concert films and plans to continue this trend with more releases in the future.

The AMC Summer Movie Camp is an opportunity for families to enjoy a selection of animated films in a cool environment during the hot summer months. For more information on the program and to view the full list of titles and showtimes, guests can visit AMC's official website.

This article is based on a press release statement from AMC Theatres.

InvestingPro Insights

As AMC Theatres (NYSE:AMC) gears up for its AMC Summer Movie Camp, offering family-friendly movies at a discount, it is an opportune moment to assess the company's financial health with real-time data from InvestingPro.

AMC's market capitalization stands at approximately $1.86 billion, reflecting the size and scale of the world's largest movie theater chain. Despite a challenging period for the industry, AMC has shown resilience with a significant return over the last month, boasting a 49.26% increase in its stock price, which aligns with the company's innovative efforts to enhance the movie-going experience.

Still, InvestingPro Tips suggest that AMC operates with a significant debt burden and is quickly burning through cash, which could impact its long-term sustainability. The company's P/E ratio is currently negative at -2.96, indicating that it is not generating net income at present. Moreover, the gross profit margin for the last twelve months as of Q1 2023 is 14.56%, which suggests some challenges in maintaining profitability.

With 16 additional InvestingPro Tips available, including insights into AMC's valuation and profitability concerns, potential investors and interested parties can gain a deeper understanding of the company's financial position. For those considering an investment in AMC or looking for more detailed financial analysis, InvestingPro offers a comprehensive suite of tools and insights. Don't forget to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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