Wanda Group Sells Off Most AMC Entertainment Shares; Ends Pandemic Era With A Miniscule 0.002% Stake

AMC Entertainment has 4.1 million individual shareholders, the company disclosed Wednesday, as it heads towards an annual meeting in late July where all of them will be eligible to show up and vote on whatever’s on the agenda after spending months pumping up the stock on investing chat rooms.

Elizabeth Wagmeister Senior CorrespondentWhen “Keeping Up With the Kardashians” premiered in 2007, production didn’t have the budget to provide hair and makeup.

The Foo Fighters are helping to bring back live entertainment in a big way.

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AMC Entertainment, which has been surfing a wave of retail enthusiasm over its meme-worthy stock, has decided to cash in and sell 11.6 million shares.

Retail investing met marketing genius Wednesday as AMC Entertainment devoted a new area of its website to individual investors, stoking their love, doubling the stock price and — the company hopes — inflating membership of its AMC Stubs loyalty program.

to give investors free popcorn and exclusive screenings.“Makes us rich and free popcorn. It doesn’t get any better,” one user posted.“This is huge! Apes love popcorn.

AMC Entertainment launched an unusual program today called Investor Connect to communicate directly with a mass of individual investors in the U.S. that now own more than 80% of its stock and have been steadily buoying it higher.

Rebecca Davis editorForeign investors are now allowed to establish entertainment venues in China without investment restrictions or local partners, according to new legal amendments.This opens the doors to future wholly-foreign owned cinemas in the world’s largest film market. It also could potentially be big news for U.S.

Theater chain AMC Entertainment said early Tuesday it’s agreed to sell 8.5 million shares to Mudrick Capital Management, raising $230.5 million in cash that it will use for acquisitions.

Brent Lang Executive Editor of Film and MediaAnd exhale. The movie business is breathing a little easier after Paramount’s “A Quiet Place Part II” roared to $57 million over the Memorial Day Weekend in a sign that cinemas are back after more than a year of pandemic era closures, capacity restrictions, and skittish customers.

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raise $917 million just to survive the COVID-19 “winter,” as the company put it. That 13x increase on the year has accelerated in recent days, too, with AMC’s share price jumping 111% since the market closed last Thursday.

AMC Entertainment shares have more than doubled this week with a 45% surge — and still rising — on Thursday that catapulted the exhibitor past a $12 billion market capitalization. Retail traders on social media swore they’d keep buying, and not sell.

Rebecca Davis editorChina’s local mobile gaming revenue grew 31% year-on-year to $29.2 billion in 2020, notching the highest annual growth rate since 2017, according to market research firm and consultancy Niko Partners.China’s export game revenue actually grew even more than local game revenue, rising 36.7% last year.After COVID-19 prompted the Chinese government to impose lengthy stay-at-home lockdown orders nationwide starting last January, the local games market has changed and

Did I actually resent my niece, this perfectly innocent little being? I wondered the next morning, as I hovered over a chicken and ginger congee bubbling fiercely on the stovetop. The answer to that question may have been in the pot.

family-inspired recipe!The season 14 runner-up and Beijing native knows that food brings families and different cultures together.

SEC filing from Friday showed that Wanda sold its shares between May 13 and May 18 at around $14 a share, and AMC ended the week on Friday at a price of $12.09. In March, Chinese conglomerate Wanda said in an SEC filing that it had given up its majority stake in the theater chain AMC Entertainment, operating as AMC Theatres, bringing its ownership down to 9.8%.