AMC Entertainment Corrects Inaccurate Statement by National CineMedia

Date : 09/17/2019 @ 11:35PM
Source : Business Wire
Stock : AMC Entertainment Holdings Inc (AMC)
Quote : 7.46  -0.3 (-3.87%) @ 1:00AM
AMC Entertainment share price Chart
After Hours
Last Trade
Last $ 7.44 ▼ -0.02 (-0.27%)

AMC Entertainment Corrects Inaccurate Statement by National CineMedia

AMC Entertainment (NYSE:AMC)
Historical Stock Chart

6 Months : From Aug 2019 to Feb 2020

Click Here for more AMC Entertainment Charts.

In a conference call with investors about National CineMedia’s (“NCM”) plan to introduce increased commercial advertisements during trailer play at Regal and Cinemark theatres, including a so-called “platinum spot” shortly before the main movie feature begins, NCM CEO Tom Lesinski stated that NCM was currently in “continuous” and “on-going” discussions with AMC Theatres (NYSE:AMC) (“AMC”) to spread the concept to AMC’s theatres as well.

That statement is erroneous. There are no discussions underway between NCM and AMC on this subject.

What is true is that in April of this year, NCM proposed this concept to AMC of commencing a platinum advertising position during the end of trailer play, which AMC flatly rejected at the time because of AMC’s concerns that U.S. moviegoers would react quite negatively to the concept.

AMC has no plan to introduce commercial advertising close to the start of a movie’s commencement at its theatres in the United States, nor does AMC envision entering into such an arrangement with NCM anytime in the foreseeable future.

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 1,000 theatres and 11,000 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, web site and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. AMC operates among the most productive theatres in the United States' top markets, having the #1 or #2 market share positions in 21 of the 25 largest metropolitan areas of the United States. AMC is also #1 or #2 in market share in 12 of the 15 countries it serves in North America, Europe and the Middle East. For more information, visit www.amctheatres.com.

MEDIA CONTACT Ryan Noonan, (913) 213-2183 rnoonan@amctheatres.com

Latest AMC Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200222 19:38:17