AMC Cinema (originally abbreviated to American Multi-Cinema , commonly referred to simply as AMC and is known in some countries as AMC Cinema ) is an American cinema network owned and operated by Wanda Group. Founded in 1920, AMC has the largest American theater market share in front of Regal Entertainment Group and Cinemark Theaters. The company headquarters is located in Leawood, Kansas.
After acquiring Odeon Cinemas, UCI Cinemas and Carmike Cinemas in 2016, it became the largest cinema network in the world, and also the largest in the United States, with 2,200 screens in 244 theaters in Europe and over 8,200 screens in 661 theaters in the United States.
Video AMC Theatres
Histori
The AMC Theater was founded in 1920 by Maurice, Edward, and Barney Dubinsky, who had traveled to the Midwest performing melodrama and tent shows with actress Jeanne Eagels. They bought the Regent Theater at 12th Street between Walnut and Grand in downtown Kansas City, Missouri. The Dubinskys eventually changed their name to Durwood, and the company they formed eventually became known as Durwood Theater.
In 1961, Edward's son, Stanley H. Durwood took over Durwood Theaters, then a network of 10 small theaters, when his father died. Stanley had studied at Harvard University and served as a navigator in the US Air Force during World War II. He renamed Durwood Theaters as American Royal Cinema on October 1, 1968. During the merging process, the name was quickly changed afterwards to A merican M ulti- C Inema, Inc., and Stanley began implementing military management and management science insights to revolutionize the cinema industry. When he later explained to Variety, we needed to define what our company did in business (exhibits). My father was not very organized. " It's structured under the belief that every customer is a "guest".
With its new name, AMC opened a two-screen Twin Park theater in a shopping center at Parkway Ward in Kansas City in 1963. This marked the company's first robbery in using the multiplex model. According to Variety , Stanley Durwood later claimed in 1962 that he "stood in the 600-seat Roxy lobby in Kansas City considering poor grosses, when he realized he could double his box office by adding a second screen and still operate with staff of the same size. "The industry is rapidly embracing the multiplex concept, where additional screens mean very small differences in staff and operating costs but generate significant earnings gains. This concept also provides more movie choices in one location, attracting more people. It also gives owners the flexibility to display big clicks on more screens, and less to rely on any individual movie that can turn into a bust.
In the 1980s, the company experienced strong growth. AMC has built and operated a number of 10-screen multiplex cinemas in the UK, including sites in locations such as Dudley and Tamworth. These are then purchased and taken over by UCI. At the end of the decade, AMC MeyerPark in Houston, Texas opened with 14 screens and became the largest theater in the United States under one roof at the time. In 1995, AMC pioneered the first North American megaplex, a theater that could accommodate thousands of people, when it opened the AMC Grand 24 in Dallas, Texas; the first megaplex in the world was built by the Kinepolis European network in 1988. AMC continues to open other megaplex cinemas, such as AMC Hampton Towne Center 24 in Hampton, Virginia, and the busiest theater network in the US, the 25th AMC Empire in New York City near Times Square. The largest theater in the AMC chain has 30 screens, including AMC Gulf Pointe 30 Houston, Texas, AMC Ontario Mills 30 in Ontario, California, AMC Orange 30 in Orange, California, AMC Cantera 30 in Warrenville, IL (now 17 screens and run by Regal Entertainment Group), and AMC Forum 30 in Sterling Heights, Michigan.
Megaplex AMC is also successful overseas. On December 20, 1996, AMC opened AMC ArrÃÆ'¡bida 20 in Portugal. In January 2002, the 16th Big Theater of the 16th screen opened in Manchester, which was later completed by the opening of a 12-screen cinema on Broadway Plaza site in Birmingham in October 2003. AMC outlets in the UK typically double; In addition to the normal cinema functionality, they also serve corporate business conferences that can utilize their projectors to display presentations.
AMC was acquired by Marquee Holdings Inc. in 2004, an investment vehicle controlled by J.P. affiliates Morgan Partners, LLC, private equity firm JPMorgan Chase, and Apollo Global Management, a private investment firm. At that time, AMC is publicly traded on AMEX with AEN codes.
In 2006, the company announced a new IPO, estimated at approximately $ 789 million; However, adverse market conditions convince the management of the company to withdraw from such offer on May 3, 2007. The company filed an IPO worth $ 450 million in its third filing since 2006 on July 14, 2010.
Stanley Durwood died in 1999 and was replaced by Peter Brown, the first non-Dubinsky/Durwood family member to lead the company. Gerardo I. Lopez replaced Brown as CEO and president on March 2, 2009. Previously, Lopez was Executive Vice President of President of Consumer Products Group, Seattle Best Coffee and Foodservice at Starbucks. Under the new leadership, one of the first major announcements came in March of the same year; the company announced it would complete its 1,500 screens with Real D projectors. In the same month, AMC announced that it has closed a $ 315 million deal with Sony to replace all reel projectors with digital cinema projectors, starting in the second quarter of 2009 and finishing in 2012.
The company used to have its headquarters in downtown Kansas City. In September 2011, AMC announced plans to move its headquarters to a $ 30 million four-story building designed by 360 Architecture in Park Place development at 117th Street and Nall Avenue in Leawood, Kansas on the outskirts of Kansas City. The state of Kansas has offered $ 47 million in incentives to get 400 jobs to move. The company continues to be officially headquartered in Kansas City, despite having moved its headquarters to 10 Main Centers, where it now leases space.
Upon reaching completion with the state of Illinois in April 2012 on complaints from the rights organization with disabilities, AMC promised to equip all of its theaters in the state with text and description services in 2014. Disability rights groups have accused companies of providing only closed captioning system or audio description in multiple locations in the state.
AMC was acquired by Dalian Wanda Group, a Chinese conglomerate headquartered in Dalian, in May 2012. Wanda Group paid $ 2.6 billion to acquire 5,048 AMC screens in 347 theaters in the US and Canada. The deal was completed on September 4, 2012. The acquisition made Wanda the world's largest cinema network. Wang Jianlin, CEO of Dalian Wanda Group, announced that the company will plan to spend $ 500 million to renovate the AMC Theater.
AMC has eight cinemas in Canada. In July 2012, four locations were sold to Cineplex Entertainment and two other locations were sold to the Empire Theater and later acquired by Landmark Cinemas. The two remaining locations have since been closed.
Gerry Lopez announced his resignation as CEO of AMC in August 2015. Craig Ramsey was appointed as interim CEO by the company board. In December 2015, AMC announced that Adam Aron will become the company's president and chief executive officer from January 4, 2016. Aron will also become a member of the company's board of directors.
In March 2016, AMC announced it would acquire Carmike Cinemas competitors; in July 2016, Carmike's management received a revised offer, pending approval from regulators and shareholders. The deal closes on December 21, 2016, making AMC the largest cinema network in the United States.
On March 1, 2017, AMC CEO Adam Aron declared that the company would re-locate Carmike Cinemas under the name AMC; smaller locations will be branded under a new sub-brand known as AMC Classic. Aron also announced plans to redecorate a cinema-equipped kitchen with the name AMC Dine-In.
In July 2017, AMC announced that it would cut $ 30 million in fees by the end of the year. This cost reduction will be achieved by reducing operating hours and cutting staff levels, and other measures.
Maps AMC Theatres
Features
AMC introduces stadium-style seating, where seats are placed on stairs so everyone has an unobstructed view of the screen and has an adjustable armrest that can be upgraded to create a seat of "Love Seats". Both of these features have become the standard for almost any cinema built today by all the major chains.
Premium format
AMC offers several premium formats in their locations that have 12-30 screens, while all locations are equipped to display 3D movies in RealD 3D in selected auditoriums. AMC has united their Premium Format Auditorium with the naming in Format "[Format] at AMC" and gradually erasing longer branding in January 2017.