AMC Theatres CEO Adam Aron Made $9.7 Million in 2019

Dade Hayes Finance EditorMatt Duckor, who led lifestyle programming for Condé Nast, has left the company in the wake of a storm at Bon Appétit and the reappearance of past tweets from Duckor making racist and homophobic comments.Former Bon Appétit editor-in-chief Adam Rapoport resigned earlier this week after a photo of him in brownface resurfaced online and staffers called out race-based pay inequity at the food brand.

With exhibition giant AMC Theatres' first-quarter results in the books, Wall Street analysts on Wednesday dissected the figures and management commentary, with their main takeaway being caution.

Exhibition giant AMC Theatres, hit in mid-March by a shutdown of its circuit amid the coronavirus pandemic, on Tuesday reported a deep first quarter loss due to onetime impairment charges, on sharply lower overall revenues.

Even more than usual, all eyes are on AMC Theatres and the company’s future. Sure, there’s plenty of talk about when the cinema chain will reopen its doors globally, but after last week’s regulatory filing, claiming that AMC might not be able to survive the losses from the COVID-19 pandemic, not only are people concerned about when they can watch movies on the big screen again but also if AMC will be there to show them.

Dade Hayes Finance EditorAMC Entertainment CEO Adam Aron believes New York City’s arduous recovery from COVID-19 leaves an uncertain outlook for theaters there being ready to play Warner Bros.’ Tenet when it opens July 17.The global footprint of AMC locations is aiming to welcome the Christopher Nolan-directed release, Aron said on a conference call with Wall Street analysts, though he repeatedly called the situation “fluid.” As of Monday night, he said, Warner Bros.

Anthony D'Alessandro Editorial Director/Box Office EditorBuried in AMC’s 1Q 2020 earnings release today on page 3 was the statement, “While we are in active dialogue with Universal, no movies made by Universal Studios are currently on our docket.”The note comes a little bit more than a month after AMC CEO and President Adam Aron alerted the studio in a public note to Universal Studios Chairman Donna Langley that the circuit is barring all the studio’s future titles.

Adam Aron said in a statement.

Jill Goldsmith Giant exhibitor AMC Entertainment said net losses swelled to $2.18 billion, including a giant $1.8 billion in non-cash impairment charges, for the first quarter of the year from a negative $130 million the year before in what CEO Adam Aron called “unprecedented times.”Revenue dropped 22% to $941 million from $1.2 billion for the three months ended in March.

Gene Maddaus Senior Media WriterAMC Entertainment reported a whopping $2.2 billion loss in the first quarter on Tuesday, the result of the global theatrical shutdown.In a statement, the company said it is focused on its liquidity as it looks to fully reopen worldwide in July.“These are truly unprecedented times,” CEO Adam Aron said.

tracking the stock via Yahoo! Finance initially expected AMC to report a per-share loss of $1.52. The company’s adjusted net loss per share was $2.22.Also Read: AMC Theatres CEO Adam Aron Made $9.7 Million in 2019“These are truly unprecedented times.

Sam Mendes has said that he feels “positive” about the prospect of a solution being found to support the UK’s ailing theatre sector through the lockdown.

Well isn’t this just super cute! Meek Mill‘s gorgeous ladylove Milan Harris, 31, gave their millions of fans a rare glimpse of their baby boy in a sweet new clip posted on Saturday, June 6. She cradled him in her arms where all you saw was his curly hairs as she smiled for the camera with music playing in the background.

Imperial Capital analyst David Miller isn't yet ready to follow his Wall Street peers and declare a Chapter 11 bankruptcy filing from AMC Theatres as inevitable. So he raised the embattled cinema giant's stock price target on Friday ahead of AMC Theatres unveiling first quarter financial results on Tuesday.

Debt ratings agency S&P Global Ratings on Wednesday reduced yet again AMC Entertainment's credit rating after the exhibition giant unveiled plans for a debt swap for additional financial headroom. "We view the proposed transaction as distressed," the research firm said in an investors note.

Cinema giant AMC Theatres disclosed Wednesday that it expects its first-quarter financials, which were during the second half of March hit by the shutdown of its circuit, to include a loss of up to $2.4 billion, driven by a big impairment charge amid the novel coronavirus pandemic.

When the COVID-19 pandemic began, many people were concerned that local arthouse theaters and independent exhibitors would be the first cinema-related businesses to be shut down for good. No one really thought that AMC or other major worldwide theater chains would be possibly destroyed by the pandemic.

Due to the coronavirus pandemic, AMC Entertainment lost between $2.1 billion and $2.4 billion in the first quarter of 2020, the company revealed on Wednesday.

AMC Entertainment CEO Adam Aron received compensation of $9.67 million in 2019, up from $9.5 million in 2018, according to the cinema giant's proxy statement filed Wednesday with the Securities and Exchange Commission. The proxy statement was issued after AMC Theatres and other U.S.