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Adam Aron

AMC Entertainment CEO Adam Aron Asks Retail Investors To Back Off Social Media Posts “Laced With Hostility, Threats”

Click here to read the full article. In a sign that managing 4 million retail shareholders isn’t all fun and games, AMC Entertainment CEO Adam Aron said most advice het gets in voluminous social media correspondence is “well intended” but “some may be hurled at us with an intent of actually harming me or the company.” It’s the first time he’s publicly called out any problem with the new fan-run regime. The giant theater chain’s stockholder base has completely turned over since the pandemic. Institutions were mostly replaced by individual retail traders from Reddit chatrooms and across social media who began...
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AMC Entertainment Q1 Sales Surge, Losses Narrow; Adam Aron Says “When Hollywood Releases Films Moviegoers Want To See, People Flock To Cinemas”

Click here to read the full article. Giant theater chain AMC Entertainment saw revenue jump fivefold and losses narrow sharply amid an ongoing box office recovery. “When Hollywood releases films that moviegoers want to see, people flock to cinemas in huge numbers to watch movies where they were designed to be seen, in theatres, on the big screen,” said CEO Adam Aron about a theatrical biz on a high just now with Dr. Strange in the Multiverse of Madness.  “Our results for the first quarter of 2022 represent AMC’s strongest first quarter in two full years. We continue on our pandemic recovery...
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AMC Boss Adam Aron on Charging Extra for Blockbusters After ‘The Batman’ and Catering to ‘Ape’ Investors

Click here to read the full article. AMC CEO Adam Aron is a rock star to a very specific group of people. Those people, of course, are the 4 million non-professional investors who sent the company’s stock price soaring and currently own 80% of the movie theater chain. The new shareholders, who rescued the beleaguered chain from bankruptcy during the pandemic, call themselves the “Apes.” (The name is a reference to “The Planet of the Apes,” a movie in which primates overthrow humans.) And to them, Aron is the King Silverback. There’s perhaps nobody better to embrace the chaos than Aron, a...
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Adam Aron On Oscars, AMC’s Gold Mine, Maintaining Relations With Studios, Streamers & 4 Million Shareholders – CinemaCon

Click here to read the full article. AMC Entertainment CEO Adam Aron said an earlier gig as chief executive of the Philadelphia 76ers got him active on social media, tweeting with his hometown NBA team’s fan base. The experience proved key navigating a dramatic transformation in the theater chain’s shareholder base from mostly institutions to about 4 million private individuals. Until early last year, AMC shares were 80% owned by institutions. Then it became a meme stock. “We learned in March of 2021 that there had been a dramatic change. It was suddenly 80% owned by retail shareholders. [But] the need...
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New York Post

AMC chief Adam Aron says more meme-stock powered deals are coming

AMC Entertainment Holdings Chief Executive Adam Aron said the movie-theater chain would embark on more “transformational” deals to capitalize on the interest of retail investors following its bet on a troubled gold and silver mine operator. AMC unveiled a $27.9 million investment for a 22% stake in Hycroft...

AMC CEO Adam Aron Wants to Be Much More Than a Theater Chain

Turns out meme stock favorite AMC Entertainment (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report has been bitten by the gold bug. The movie theater chain might go down as a rare case study in the annals of business management and finance with its recent investment in a Nevada gold mine.
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AMC CEO Adam Aron just bought a meme stock gold mine for his meme stock movie theatre company

When Adam Aron promised investors on a November 2021 earnings call that he was going to take his “war chest of equity capital” and “think differently about our future,” it’s difficult to fathom they ever imagined he’d announce months later that he had spent millions on a literal mine, and not even one that produces diamonds which could have at least prompted some fun memes on Reddit.
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AMC Boss Adam Aron Posts “Hidden Meaning” ‘Batman’ Tweet In Wake Of Big Box Office Weekend & Circuit’s Price Surge For DC Film

Click here to read the full article. Following AMC CEO Adam Aron’s announcement about hiking tickets for Warner Bros.’ The Batman over the weekend and the pic’s $128M+ opening, the circuit boss celebrated by posting a Tweet of Robert Pattinson’s Batman looking up at a dollar signal in the sky. “Some of you like mysterious tweets, looking for hidden meaning, even though no concealed thought was intended,” wrote the CEO. “Gee, I wonder how the ‘hidden meaning people’ will interpret this picture,” added Aron, in what could be perceived as a shout-out to the Reddit Meme stockholders who once sent the exhibitor’s share price to a $72.62...
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