After a stagnant 2020 within the midst of the pandemic, Friday marked the reopening of AMC theaters in New York state.
Aron was frank concerning the significance of major-market theaters returning to operations, saying, “Nothing is extra vital to us than opening in New York and Los Angeles.”
Los Angeles is a number of weeks behind New York Metropolis for the reopening of theaters, Aron estimated. About 90% of AMC theaters throughout the U.S. are open, he famous.
Aron additionally mentioned main film titles are coming “actual quickly.”
Reddit Rally Response: Requested what the Reddit rally meant for himself and the AMC model, Aron mentioned: “What I discover so interesting concerning the Reddit phenomenon is the love and allegiance that Individuals have throughout the nation to AMC, to moviegoing, to seeing films at theaters. You’re seeing tens of millions and tens of millions of individuals rally behind saving AMC.”
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Aron has been rewarded handsomely in his final yr on the helm of AMC. After serving to the world’s largest movie show chain stave off chapter in 2020, AMC lifted Aron’s compensation package deal to $20.9 million. Aron made $9.7 million in complete compensation in 2019.
Value Motion: In keeping with Benzinga Pro, AMC shares ended down about 0.25% on Friday, ending the after-hours session at $7.97.
The inventory has a 52-week excessive of $20.36 and a 52-week low of $1.91.
AMC will report fourth-quarter outcomes on March 10 after the market shut.
See Additionally: How To Buy AMC Stock.
Picture courtesy Pexels.
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