Description
AMC Entertainment Holdings, Inc. is an American movie theater chain headquartered in Leawood, Kansas, and 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.
After acquiring Odeon Cinemas, UCI Cinemas, and Carmike Cinemas in 2016, it became the largest movie theater chain in both the world and the United States. It has 2,866 screens in 358 theatres in Europe and 7,967 screens in 620 theatres in the United States.
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 controls the majority of AMC's board of director
As of March 18, 2020, all AMC theaters were temporarily closed because of the COVID-19 pandemic, however, the company reopened a majority of its theaters on August 20, 2020. As of July 28, 2020, AMC Theaters has also signed on "a multi-year deal" with Universal Pictures on releasing new films on VOD streaming after three weekends.
