Hayden J

On our earnings call this week, we were able to point to dramatic increases in AMC’s Adjusted EBITDA, that we are currently free cash flow positive, and that 97% of our debt maturities have been extended to 2031 and 2033. This means that we no longer need to talk about the trials and tribulations of the past six years. Instead, we will be focusing on all of the many growth opportunities and high IRR projects in our sights and which we can pursue to stimulate increases in free cash flow going forward. Welcome to the stress-free world of industry-leading and abundantly-recovered AMC Entertainment.

(One of Two) An Open Letter to the Kips Bay Community About the Future of AMC Kips Bay 15 in New York City “AMC Does Not Want to Go. We Want to Stay.” ——-/////——-/////——-   To the Kips Bay Community,   Since news first broke that our popular AMC Kips Bay 15-screen movie theatre located at 570 Second Avenue in Manhattan will soon be forced against our will to close its doors, I’ve been struck by the extraordinary support that this AMC theatre has received from within the local surrounding community.        So many moviegoers and neighbors, and importantly so many of your elected officials, have rallied around our theatre. (Given the central role that movie theatres play in the lives of so many New Yorkers, perhaps it is much better and more accurate to say that so many of you have rallied around YOUR theatre.)  On behalf of everyone at AMC, thank you. Your support means a great deal to us, and especially to our theatre team members at AMC Kips Bay 15 who work tirelessly day-in and day-out to put smiles on your faces.   In thinking about this theatre, which has been a cultural icon and entertainment lifeline to so many nearby residents for decades and decades since its opening on May 14 1999, I want to make one thing absolutely clear:   AMC Theatres does not want to go. Not one little bit. AMC Theatres wants to stay in Kips Bay.   Operating under long term leases, there was a time that the monies headed each month to the theatre’s landlord had risen to become so high that the theatre’s long-term viability was uncertain. But, we were fortunate to have been successful in addressing those concerns in recent years. Today this theatre (one which has been in continuous operation for more than twenty five years) has a bright future — if we would be allowed to keep it. Indeed, every day, thousands of guests watch a movie at AMC Kips Bay 15. It has become so popular of late that on several days this past summer, AMC Kips Bay 15 was repeatedly among the ten most attended movie theatres across the entire United States, out of the more than 500 theatres operated by AMC nationally. In that light, this is a theatre that should not be even close to a permanent shutting off of its lights. Of course, AMC wants this AMC movie theatre to stay in place. And remembering how much and how often Americans love watching movies in theatres, a tradition in Manhattan that dates back more than a full century, we have heard from so many of you that you too want us to stay open for your benefit. Apparently, NYU Langone Health does not share that view, not ours or not yours.  Unfortunately, the decision to retain or end AMC’s tenure in Kips Bay is not ours to make. The nearby NYU Langone Health facility wants to expand, seems to be in the process of buying the building in which your (our) theatre now operates, and it wants us gone. In anticipation of such a transfer to NYU Langone, the current building’s owner has terminated our lease. We have engaged with NYU Langone, suggesting any number of alternatives — including that it enlarge the current low-rise building to satisfy its desires for a growth of its medical facility but also leaving a theatre in place for you. Or alternatively, we offered that our theatre could get smaller, so that at the very least we could leave something remaining in place to continue to serve you. Sadly, any and all variations that we have proposed have fallen on closed minds.  We call on NYU Langone Health to open their minds, to think creatively, and come up with a solution that will give the Kips Bay community BOTH of the two things that is wanted most of all: expanded facilities offering the world class medical care that is the hallmark of NYU Langone Health AND a fully functional AMC Theatre on Second Avenue.

(Two of Two) An Open Letter to the Kips Bay Community About the Future of AMC Kips Bay 15 in New York City “AMC Does Not Want to Go. We Want to Stay.” ——-/////——-/////——- It isn’t true that New Yorkers can be prevented from having your cake and eating it too. Indeed you can. But only if people of goodwill think out of the box a bit. After all, the ubiquitous proverb “where there is a will, there is a way” is one that is believed to have first been published in the year 1640 — that’s three hundred eighty six years back to be precise.  Speaking of people of goodwill, I especially want to express gratitude to Manhattan Borough President Brad Hoylman-Sigal and New York State Assembly Member Keith Powers, for their leadership and tireless advocacy on this matter. Reinforcing and speaking for the local community’s clear desire, they have energetically brought attention to the importance of keeping an AMC movie theatre open and operating in Kips Bay. In summary, this is a theatre that you in Kips Bay want to continue to be at your beck and call, and one that we at AMC unequivocally also want to be allowed to continue within our theatrical fleet.     But time is short. Unless NYU Langone Health lets us delight the Kips Bay community beyond then, to comply with our terminated lease, the lights on AMC Kips Bay 15 will forevermore see their final sunset on January 3, a mere two and a half months from now.  Hopefully, there is an outcome in which a wise workable solution is devised, one that will benefit and please the entire neighborhood. What say you NYU Langone Health?   Whatever happens, I want you to know how much AMC appreciates your support, your efforts and your voice. We are proud to have been part of the Kips Bay community since 1999, and I sincerely hope that we can continue to be part of it for years to come.   Sincerely, Adam Aron Chairman of the Board and Chief Executive Officer
AMC Entertainment

Over the last two months, AMC has stopped ticket scalpers on some 2,500 AMC movie theatre tickets! Greedy malevolent speculators were trying to jack up prices above face to potential AMC guests. I am proud of our team for standing up tall to defend AMC’s moviegoing public.

I am not going away @vladtenev @DanGallagher AMC Entertainment does not consent to Robinhood creating Stock Tokens to replicate AMC shares in the United States (the SEC requires you to get our consent, or failing that, at least with us to stand down). They are fake, synthetic shares, which could impact our capital structure. AMC should control our financial destiny, not Robinhood.