EXCLUSIVE: Paul Ben-Victor (Plane) and Mercedes Varnado (The Mandalorian) are the newest additions to the cast of the action-thriller The Collective from Yale Entertainment. They join a cast that also includes Lucas Till, Ruby Rose, Tyrese Gibson, and Don Johnson, as previously announced.
AMC Entertainment CEO Adam Aron Asks Board To Freeze His Pay; “I Do Not Want More When Our Shareholders Are Hurting”
27.12.2022 - 22:57 / deadline.com
Adam Aron said today he’s asked the theater chain’s board of directors to freeze his compensation for 2023 given the decline in AMC stock.
“Biggest inflation in 40 years, so in 2023 companies will grant large % salary raises. But I do not want “more” when our shareholders are hurting. So, I recommended to the AMC Board to red circle and freeze both my target cash and target stock pay for 2023. NO INCREASE,” he tweeted.
He said he also asked 15 to 20 of AMC’s senior executives to forego an increase to their cash salaries for 2023. “When CEO’s “ask,”execs to their credit usually agree. I sincerely thank them for that. AMC has a very dedicated management team.”
Asked if employees would get raises, he said “absolutely yes.”
“We are asking for financial sacrifice only from those at the very top. It is hard to recruit workers. We must pay our people fairly. Indeed, wages for our “film crew” (hourly workers at our U.S. theatres) have been rising by double digit percentages.”
“No increase for those at the top is the right thing to do. I have fans and bashers on Twitter, those who agree or disagree with my decisions. But know this: my motives are pure. I try as best as I know how to lead AMC through the painful aftermath of this horrid pandemic,” Aron wrote.
CEO compensation is revealed in SEC proxy statements each spring for the previous year before, so the details of his 2022 package are not known. Inflation soared in 2022, hitting a 40-year high. It appeared to have tapered down slightly in November, from October, according to the latest data.
Aron’s compensation totaled $18.9 million in 2021, including a base salary of $1.45 million; cash (non-equity incentive plan) compensation of $6 million; and stock awards worth $11.4
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deadline.com
10.01.2023 / 17:35
Mediawan CEO Pierre-Antoine Capton Talks Plan B Acquisition & 2030 Vision
Mediawan CEO and co-founder Pierre-Antoine Capton has said his company’s acquisition of Brad Pitt’s Plan B Entertainment in late December heralds an opportunity for all content creators in France and Europe to forge stronger links and footprints in the U.S.
deadline.com
10.01.2023 / 02:49
A3’s Justin Baxter Joins Vault Entertainment As Manager
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deadline.com
10.01.2023 / 01:21
Tony Hernandez & Lilly Burns Leaving As Imagine Entertainment Presidents; Company Acquires Rest Of Jax Media
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usmagazine.com
09.01.2023 / 23:51
Bre Tiesi Says She Doesn’t Want More Kids After Welcoming Son With Nick Cannon, Reveals She ‘Never’ Wanted to Get Married
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deadline.com
09.01.2023 / 18:25
Kino Lorber Taps Former AMC Networks COO Ed Carroll And Ex-IFC Films Boss Lisa Schwartz For C-Suite Roles
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deadline.com
06.01.2023 / 19:55
WWE Confirms Vince McMahon Return; Former CEO Ejects Three From Board, Two Others Resign
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dailyrecord.co.uk
06.01.2023 / 19:51
Scots health board ordered to pay £250,000 to family of woman who took own life
A health board which acted negligently in caring for a mentally ill mum of two who committed suicide has been ordered to pay £250,000 to her family. Judge Lord Arthurson found that Lanarkshire Health Board failed to look after 35-year-old Lynette Giblen who lost her life at her mother’s house in Glasgow on October 10 2016.
deadline.com
04.01.2023 / 20:17
UTA Acquires Lit Agency Fletcher & Company; CEO Christy Fletcher To Co-Run Publishing Unit Under President David Kramer
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deadline.com
04.01.2023 / 00:15
Former Turner Executive Alexis Booth Joins Kapital Entertainment As Head Of Casting
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theplaylist.net
02.01.2023 / 18:21
Report: Brad Pitt & Adam Sandler Teaming Up For Noah Baumbach Netflix Film
Rumor time, I guess, something we try and stay away from when possible, but it’s the dregs of news out there; still technically the holidays for us, and maybe we can make one exception for something that doesn’t sound entirely far-fetched. According to the New York Post, Brad Pitt and Adam Sandler will star in a new Noah Baumbach film for Netflix.
deadline.com
30.12.2022 / 02:15
AMC Entertainment Names Keri Putnam, Former Sundance Institute Head & Miramax Exec, To Board Of Directors
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deadline.com
22.12.2022 / 17:35
AMC Entertainment Shares Plunge Ahead Of Opening Bell After Company Reveals Plan For Reverse Stock Split, $110 Million Sale Of ‘APE’ Equity To Antara Capital
Shares in top exhibitor AMC Entertainment fell 25% ahead of today’s market opening after the company said it plans to pursue a reverse stock split and has raised $110 million from the sale of “APE” shares.
deadline.com
21.12.2022 / 19:23
AMC Entertainment Talked With Regal Parent Cineworld About Acquiring Theaters In U.S. And Europe, But “Negotiations Are Not Continuing”
AMC Entertainment said it held talks with lenders about potentially acquiring theaters from the portfolio of bankrupt rival Cineworld, which owns Regal Cinemas.
deadline.com
19.12.2022 / 19:19
AMC Entertainment Acquires 13-Screen Former ArcLight Cinema In Boston
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dailyrecord.co.uk
19.12.2022 / 02:53
Scots dad forced to sleep on couch to keep warm in 'freezing flat' due to broken window
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deadline.com
16.12.2022 / 21:33
John Cho & Katherine Waterston To Star In Sony-Blumhouse’s ‘They Listen’, Horror Pic To Hit Cinemas Late Summer
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usmagazine.com
16.12.2022 / 02:25
Stars You Forgot Voiced Characters in ‘Beauty and the Beast’: Angela Lansbury, Jerry Orbach and More
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