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AMC Stock Is Looking Good Following Stubs A-List Success
Contrary to popular belief, the movie business is doing just fine. AMC has just seen their biggest quarter ever in its almost 100-year life, bringing the movie industry some record results. The skyrocketing stock numbers for AMC comes a couple months after the theater chain decided to launch a MoviePass-like service right before the rival subscription had a number of bumps in the road. Moviegoers are less satisfied than ever with MoviePass, and looking for an alternative-- perhaps with AMC's Stubs A-List service, which has already seen huge subscriber growth.
According to stock market insight resource Seeking Alpha, it's a good time for investors to put their money into AMC Entertainment Holdings Inc. (AMC), as their fundamental operations continue to improve. AMC has been investing in the right areas with its marketing programs and changes in theatrical experiences, and it's paying off. After seeing an impressive 2nd Quarter from April to June this year, the company has seen a 20% increase in total revenue and a little over an 80% increase since this time last year. Since the record-breaking quarter, AMC has continued to grow over the summer, with its stock currently at its highest peak of the year.
AMC has rivaled MoviePass for quite sometime as the theater chain attempted to ban MoviePass subscribers from purchasing e-tickets to their theaters, leading MoviePass to allow their subscribers to have access to some AMC locations as well. The service finally lifted the ban, unaware that AMC would rival the service in their own way. Earlier this summer, AMC's Stubs A-List service was announced, a $19.95 service allowing subscribers to see three movies per month, including IMAX and 3D showings, and pre-order showings as soon as they are released. While the plan debuted at a time when MoviePass subscribers could see more movies per month and pay less for it, much has changed since then.
MoviePass is currently being sued by its shareholders after its parent company Helios and Matheson suffered a quarterly loss of $126 million due to some complications from the service. In late-July, the service stopped working altogether when the company had to borrow $5 million to make necessary payments to stay afloat. The service then changed their service benefits to three views per month, with more limited options of movies and theaters.
On the other hand, AMC's Stub A-List service is racking up subscribers very quickly with a reported 260,000 people signed on to the service as of last week. AMC's rise in stock has seen a particular rise since late-July, just in the midst of the MoviePass trip up. While it looks like the rival service is in good standing, it's fairly new, so we'll have to see how the service goes moving forward.
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So far, the Flash solo movie has lost four directors, with Chris Lord and Phil Miller leaving first, then Seth Grahame-Smith, and lastly Rick Famuyiwa. Since then the project appears to have been revamped with an adaptation of Flashpoint in mind and a directors search that has brought Robert Zemeckis to the forefront .
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In Disney Animation Studios' box-office-breaking sequel, videogame heroes Ralph (John C. Reilly) and Vanellope (Sarah Silverman) go from 8-bit to 8 billion as they voyage onto the internet
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There's Only One Surviving Blockbuster Left on Planet Earth and notified customers that it will be closing its doors by the end of the month. You can't just close overnight, customers need
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Alison Sudol's Queenie was a quirky supporting character in the first movie, but had a rough go in The Crimes of Grindelwald. After being shamed for her psychic abilities and a breakup with Jacob
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It's been a long road, but Avengers: Endgame is now only about three months away! Are you ready? … Well the movie isn't quite yet, as reshoots are now underway.This week, Karen Gillian and Zoe Saldana confirmed on social media that they are back on set for Endgame, and now you can count Jeremy Renner in too.
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Mobile MoviePass plans keep changing: 11 times the service altered the deal. A MoviePass price history from $50 a month to $10 and beyond -- with every fee, surge price and blocked film we could
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Ghostbusters Director Paul Feig Wanted To Take The Reboot Out Of The Country For A Sequel Movies September 9, 2018 No Comments Two years ago, Sony tried to reboot the Ghostbusters franchise with what happened to be an all-female cast- planning to release more sequels afterward.
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