A few shareholders sued to block the moves, but then settled with AMC.
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The plaintiffs are in favor of this settlement.
We are in favor of this settlement, he said.
AMC Entertainment CEO Adam Aron
When you have the flexibility to raise capital if you should probably, its really important.
Whether we will need to or not depends on what … the box office is this year.
He thinks it will top $9 billion.
So far so good its rising.
I believe were on a ramp.
And Im certain that 23 will be bigger than 22.
And Im expecting the 24 is going to be bigger than 23.
And Ive already said publicly, I think that in 2024-2025 the pandemic will be an ancient memory.
He called Covid a five-year detour for this industry.
And we just completed our third year.
If AMCs plan is approved and executed, Our stock price should rise by tenfold.
And then youre talking about $10 billion-$12 billion of capital you could raise.
Hes also very excited to lean into Apple movies, and Amazon movies in our theaters.
But I prefer not to share.
Aron has also been gradually diversifying, introducingAMC-branded popcornrolling out into thousands of Walmarts.
Theres an Apply Now button on AMCs website.
