AMC, the No.2 U.S. theater chain after Regal Entertainment Group, raised about $332 million after pricing its initial public offering of 18.42 million Class A shares at $18 each, the lower end of its expected range of $18- $20.
The company, which is the second largest theater group in the United States behind Regal Entertainment Group, raised about $331 million in the offering, valuing the company at $1.71 billion. AMC is controlled by Beijing- based Dalian Wanda Group, which is headed by Wang Jianlin, the richest man in China according to Forbes.
Superman can leap tall buildings, but can he fight rising movie prices? Consumers are spending more per visit at theaters even as attendance declines.
LOS ANGELES-- A stronger than expected start to movie theater attendance in the fourth quarter and a smaller decline in the third quarter than forecast prompted a Nomura analyst to tweak his profit estimate for Regal Entertainment Group on Wednesday.
CENTENNIAL, Colo., Oct 11- Attorneys for accused Colorado gunman James Holmes on Thursday proposed postponing a preliminary hearing on the merits of the case against him, likely until next year, while complaining that media meddling was delaying their work.
A day after a gunman opened fire at a packed midnight showing of the new "Batman" film in a Denver suburb, killing 12 people and wounding 59 more, police on Saturday prepared to neutralize explosives in the suspect's booby-trapped apartment.
They were an eager audience forgoing sleep to take in the midnight premiere of "The Dark Knight Rises." Instead, they became survivors of the worst massacre in U.S. history since Fort Hood in 2009.
Theaters, security teams, and police departments are trying to respond to help Americans feel safe in the theaters where they’ve always been able to go for a respite from reality.
Take a look at some of Thursday’s morning movers:
Sharpen your pencils, it's Last Call quiz time.
“The Hunger Games” brought a lot of people into movie theaters and made a lot of money for both its production company, Lions Gate Entertainment, and the theaters themselves, two analysts told CNBC Monday.
Based on those midnight numbers, Lionsgate may not have to worry about disappointing Wall Street.
Teenage girls just can't get enough vampire melodrama. The fourth and second to last movie in the 'Twilight' series opens Friday, and it's already getting throngs of obsessive "twi-hards" to open their wallets.
Here's why you should keep a close eye on these six stocks.
After years of grumbling about steadily rising ticket prices, consumers achieved the nearly unthinkable earlier this year: they forced a momentary drop in the average cost of a movie ticket,. But prices started rising again this summer, the New York Times reports.
Paramount is wasting no time driving moviegoers to 3-D screenings of "Transformers: Dark of the Moon." Director Michael Bay has been personally campaigning to draw moviegoers to the new format, by communicating directly with fans and campaigning for theater chains to project the film with more light.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Cramer makes the call on viewers' favorite stocks.
Mars may need moms, but theaters need audiences. Hollywood box office receipts for the first quarter are on track to be down more than 20 percent.