The exhibitor is also postponing its foray into the live concert business given the box office rebound.
The world’s largest movie theater chain, which had been working to reduce its debt load, disclosed Thursday that it closed a $150 million at-the-market equity offering that it had launched in February.
Chief Adam Aron said that the move “strengthens our balance sheet, bolsters our cash reserves and provides additional flexibility to support our long-term strategic objectives. ” The exhibitor, which had soared as a memestock on the NYSE during the pandemic years, has seen its stock languish between $1.60 a share and $2.08 this year, but has been on a slight upswing.
In recent months, as domestic box office has shown surprising strength due to a combination of unexpected blockbusters , this year is running 13 percent ahead of 2025, per a weekly tally from Rentrak. In May, AMC saw the most moviegoers head to its theaters, 25.5 million, since pre-pandemic May 2019, whenTo that end, the theater chain is switching gears on one of its big initiatives that it unveiled timed to its last earnings report a month ago before the box office boost took the narrative.
AMC says that it will postpone its plan to air live concerts of Bebe Rexha on June 17, Paris Hilton on June 18 and Maren Morris on June 20, which had been set at 300 AMC locations in 89 markets. The studios’ product that had been hitting its screens appears to proving compelling enough that its keeping titles for longer runs.
“Week after week in 2026, the domestic box office performance has exceeded or met expectations. With a robust lineup of films and strong advance ticket sales in the weeks ahead, AMC is making some programming adjustments during the month of June,” a theater rep stated on Wednesday. , the Curry Barker horror pic dropped only 7 percent in its fourth weekend, after posting bigger receipts in its second and third weekends than its opening.
Those sort of legs for a feature are rare (1982’sThe move to postpone its foray into concerts is a notably one, given Aron had described the partnership as launching an “entirely new chapter in live entertainment while driving incremental attendance and revenue across our circuit. ” The initiative is also an effort to reduce its reliance on studio-driven products, so that if a big movie underperforms it can lean on a fanbase of a popular musical artist to turn out moviegoers to theaters.
AMC benefited greatly in 2023 when it partnered with Taylor Swift for her The Eras Tour feature, which grossed $261 million globally. On Thursday, the AMC CEO added of the debt-reduction move to raise capital, “As the theatrical exhibition industry continues to recover as evidenced by the surging box office of 2026, AMC remains focused on striving on all fronts to increase our Adjusted EBITDA, reduce financial leverage, enhance the guest experience, and create value for our shareholders.
”The Hollywood Reporter is a part of Penske Media Corporation. © 2026 The Hollywood Reporter, LLC. All Rights Reserved.
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Star Wars Fan Finds Vintage Death Star Space Station Playset on Marketplace for Amazing Price (With 1 Funny Drawback)A vintage Death Star Space Station Playset for $150 may sound like a great deal, but this one has 1 interesting drawback.
Read more »
Grossmont Center’s shuttered Reading Cinema will reopen as an AMCWith this move, AMC is building its presence in San Diego even as it shuts down theaters in other markets.
Read more »
AMC to open at Grossmont Center in 2027, replacing Reading CinemasAMC Theatres is coming to Grossmont Center in La Mesa in 2027, and it will replace Reading Cinemas after a full renovation.
Read more »
AMC Theatres Postpones Bebe Rexha, Paris Hilton, Kim Petras and Maren Morris Live Concert Simulcasts, Citing Summer Box Office ReboundAMC Theatres is postponing its Bebe Rexha, Paris Hilton, Kim Petras and Maren Morris live concert simulcasts due to a stronger summer box office.
Read more »