AMC Int. Stocks Rise as CEO Talks M&A; Publishers Say Theaters Can Coexist; Missed Oscar Slap

Adam Aron, CEO of AMC Entertainment, said that today’s market is as much a place for theaters as it is for streamers, and the latter could benefit from a wider theatrical release. He commented on CNBC after Apple wrote the story last night. to the code Winner of the Oscar for Best Picture.

“I’ve been saying for years that the market is big enough for theaters and broadcasters to live together. For years, we’ve been trying to persuade publishers, especially Apple, Amazon, and Netflix, to show their movies in our theaters and have them delivered at the same time. “If we can persuade them accordingly, I think they will be more successful than they are now or than they were last night and AMC,” he said.

Noting that the theater would be very beautiful, he noted that a great success was achieved. Spider-Man: No Homecoming And the future is revealed Top Gun: Maverick, Jurassic World Dominion and Avatar 2.

Released in November 2019, Apple TV+ became the first winner of the coveted Best Picture category. Apple does not disclose subscriber or viewer numbers. But Wedbush analyst Daniel Ives commented today on Apple’s roughly 25 million paid subscribers to the platform and nearly 50 million global accounts, and he expects that to accelerate after last night’s demonstration.

Also at the Oscars, Aaron quietly refused to comment on Silas’ voice, saying he hadn’t seen it. “It’s going to be great, but this TV show was over four hours and I wasn’t there for ten minutes,” he told host David Faber. He asked Aaron if it would hurt to have Will Smith’s violent outburst tag him as a star.

“I went out for a drink at the bar, the doors were closed and they told me you could come back after the next commercial break. And that was ten minutes after the incident between Chris Rock and Will Smith. I haven’t seen it and therefore I shouldn’t comment,” said Aron.

The CEO also envisioned a more “transformative” merger and acquisition after investing in the Nevada gold-silver mine earlier this month, which helped increase shares of the nation’s largest movie theater chain by 21%. There’s an army of retail investors on Twitter where Aaron is carefully working on an unusual new model for the CEO.

The company parted ways with prominent gold and silver investor Eric Sprot, acquiring a 22% stake in Hycroft Mining Holding Corporation for approximately $28 million. Aaron said AMC specializes in raising funds to tackle the public trade that Hycroft so desperately needs and will leave the mining division to Sprott and company executives. Hycroft’s market value has increased since the deal.

“Our shareholders have given us a lot of capital. They rely on the existing management team. “They look forward to using this capital on a growing AMC and a transformational M&A,” Aron said. Said. He said this will continue because AMC will use its cash to continue adding theaters and paying off debt.