AMC declares special dividend, posts quarterly loss
AMC CEO: Consumers storming theaters to see ‘Top Gun’, ‘Jurassic World’
AMC Entertainment CEO and president Adam Aron tells ‘The Claman Countdown’ theater attendance is up 15% from pre-pandemic levels.
AMC Entertainment Holdings posted a bigger-than-expected loss as costs surged nearly 60% in the second quarter.
The company also said it will pay a special dividend in the form of preferred shares.
Shares of the once popular meme stock fell 10% in extended trading as the move raised concerns of a possible equity dilution.
AMC's preferred shares could be converted to common stock if investors approve of the move.
AMC CEO: MOVIEGOERS SPENDING DESPITE INFLATION