AMC Entertainment chief executive Adam Aron said a booming box office and sharp pivot to theatrical by studios and streamers makes him “as relaxed and confident about AMC future as I possibly can b…
this summer, paving the way for the giant circuit to raise as much cash as it needs, if it needs, and boost its share price in a ten-for-one reverse stock split.
“The plaintiffs are in favor of this settlement. We are in favor of this settlement,” he said. “I will be more confident after this, after we have the ability to implement the shareholder vote,” he added. “When you have the flexibility to raise capital if you need to, it’s really important. Whether we will need to or not depends on what…the box office is this year.” He thinks it will top $9 billion.
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