AMC Theatres

AMC Entertainment Holdings, Inc. (d/b/a 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 and Cinemark Theatres.

AMC Entertainment Holdings, Inc.
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)
TypePublic company
IndustryEntertainment
Predecessors
Founded1920; 102 years ago (1920) in Kansas City, Missouri, U.S.
Founders
  • Edward Durwood
  • Maurice Durwood
  • Barney Durwood
Headquarters,
U.S.
Number of locations
946 theaters and 10,562 screens[1]
Key people
Revenue US$2.53 billion (2021)[1]
US$−0.93 billion (2021)[1]
US$1.27 billion (2021)[1]
Total assets US$10.82 billion (2021)[1]
Total equityUS$1.79 billion (2021)[1]
Number of employees
31,198 (December 2021)[1]
DivisionsOdeon Cinemas Group
Subsidiaries
Websiteamctheatres.com

After acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, it became the largest movie theater chain in the world.[2] It has 2,807 screens in 353 theatres in Europe and 7,755 screens in 593 theatres in the United States.[1][3]

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 is structured in such a way that Wanda Group still controlled the majority of AMC's board of directors.

Amid financial downturns caused by the COVID-19 pandemic, in January 2021 Wanda's ownership was increasingly diluted due to new financing by AMC, as well as short squeezes which 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%.


Share this article:

This article uses material from the Wikipedia article AMC Theatres, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.