UPDATED with executive comment, 4 PM: With questions swirling about the possibility of Fox and Disney merging their film studios and some TV assets, AMC Entertainment reported third-quarter results that showed weakness that the company blamed on the “quantity and subject matter” of Hollywood movies. Revenue of $779.8 million … Read entire story.
Source: Deadline
AMC Entertainment is having a good week: The European Commission just approved its acquisition of UK-based Odeon & UCI Cinemas, one day after Carmike Cinemas shareholders OKed a plan to sell to AMC. The $1.1 billion deal for Odeon & UCI should close around November 30, the Wanda Group-controlled … Read entire story.
Source: Deadline
Carmike Cinemas has pushed a shareholder vote on AMC Entertainment’s $1.1 billion (including debt) purchase offer scheduled for today back to July 25 citing “ongoing discussions” between the companies. This is the second postponement of a vote, originally planned for June 30 — and seems to suggest that there’s … Read entire story.
Source: Deadline
Wall Street won’t have a chance to hear what Carmike Cinemas’ top executives think about its Q1 earnings, the state of the company, the exhibition industry — or, yes, its plan to sell itself to AMC Entertainment — on May 2 when it releases its report for the beginning of 2016. … Read entire story.
Source: Deadline