AMC Theatres

This article is about the American movie theater chain. For the cable television channel operator of the same name, see AMC Networks. For other uses, see AMC (disambiguation).

AMC Entertainment Holdings, Inc.
AMC Theatres
FormerlyDubinsky Bros. (1920–31, 1932–39)
Publix-Dubinsky Bros. (1931–32)
Durwood-Dubinsky Bros. (1939–47)
Durwood Theatres (1947–68)
American Royal Cinemas (1968–69)
American Multi Cinema (1969–80)
Company typePublic
IndustryEntertainment
Predecessors
Founded1920; 104 years ago (1920) in Kansas City, Missouri, U.S.
Founders
  • Edward Durwood
  • Maurice Dubinsky
  • Barney Dubinsky
Headquarters
Leawood, Kansas
,
U.S.
Number of locations
898 theaters and 10,059 screens
Key people
RevenueIncrease US$4.81 billion (2023)
Decrease US$−0.07 billion (2023)
Decrease US$−0.39 billion (2023)
Total assetsDecrease US$9.00 billion (2023)
Total equityDecrease US$−1.84 billion (2023)
Number of employees
33,812 (December 2023)
DivisionsOdeon Cinemas Group
Subsidiaries
Websiteamctheatres.com
Footnotes / references
[1][2]

AMC Entertainment Holdings, Inc. (doing business as AMC Theatres, originally an abbreviation for American Multi-Cinema; often referred to simply as AMC and known in some countries as AMC Cinemas or AMC Multi-Cinemas) is an American movie theater chain founded in Kansas City, Missouri, and now headquartered in Leawood, Kansas. It is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal Cinemas and Cinemark Theatres.

After acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, it became the largest movie theater chain in the world.[3] It has 2,807 screens in 353 European theatres and 7,755 screens in 593 American theatres.[2][4]

The company is listed on the New York Stock Exchange; from 2012 to 2018, the Chinese conglomerate Wanda Group owned a majority stake in the company. Private equity firm Silver Lake Partners made a $600 million investment in AMC in September 2018, but the voting power of AMC shares was structured so that Wanda Group still controlled the majority of AMC's board of directors.

Amid financial downturns caused by the COVID-19 lockdowns, in January 2021, Wanda's ownership was increasingly diluted due to new financing by AMC, as well as short squeezes that resulted in Silver Lake converting its $600 million debt holding to equity. In early-February 2021, Wanda converted its Class B shares to Class A shares, thus reducing its voting power to less than 50%.

  1. ^ "Corporate Profile". www.amctheatres.com.
  2. ^ a b "AMC Entertainment Holdings, Inc. Form 10-K for 2023". U.S. Securities and Exchange Commission. February 28, 2024.
  3. ^ Lieberman, David (December 21, 2016). "AMC Entertainment Closes Carmike Cinemas Acquisition". Deadline Hollywood. Archived from the original on December 22, 2016. Retrieved December 21, 2016.
  4. ^ Szalai, Georg (December 21, 2016). "AMC Theatres Closes Carmike Cinemas Acquisition to Become Largest U.S. Exhibitor". The Hollywood Reporter. Archived from the original on December 22, 2016. Retrieved December 21, 2016.