Magazine article Screen International

AMC Entertainment Reports $47.2 Million Loss in Third Quarter, Weak Box Office Blamed

Magazine article Screen International

AMC Entertainment Reports $47.2 Million Loss in Third Quarter, Weak Box Office Blamed

Article excerpt

A tough summer at the box office cited by AMC’s CEO and President Adam Aron

Cinema chain AMC Entertainment Holdings have reported a third quarter loss of $47.2 million.

It follows a tough summer at the box office, and contrasts with $30.4 million in earnings for the 2016 quarter.

”We have been predicting weakness in the third quarter industry box office, due to the quantity and subject matter of the films that were scheduled to be released. Not surprisingly, our foreshadow was accurate,” said Adam Aron, CEO and president, AMC Entertainment Holdings, Inc,.

However, he said they are “bullish” about the fourth quarter, adding: “Among many other hit films this year, movies like It in September, Thor: Ragnarok in November and soon Star Wars: The Last Jedi in December, demonstrate for all to see what we know to be true. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.