AMC Theaters Q4 earnings. Plus, the change from last year:
$1.3 bn revenue
↑ 18.2%
$135.6 M net loss
↑ $46.4 M
62 M attendance
↑ 20%
CEO Adam Aron stated:
“In our view, 17 days and 31 days are too short, and we’d like to convince all our studios that we’d like to keep their films in theaters longer… I have had talks in recent weeks with one studio executive who said the 45-day window needs to be reestablished as sacrosanct... We will continue to see what we can do to get the industry to be firm around this 45-day number.”
AMC lowered its debt by $375 M over the year. Disney’s Moana 2 and Universal’s Wicked were the highest revenue drivers.