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☆ Taylor Swift's concert film to get early-access screenings in U.S. and Canada
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: +1 min

U.S. singer-songwriter Taylor Swift performs during her Eras Tour at Sofi stadium in Inglewood, California, August 7, 2023. Taylor Swift, the cultural juggernaut known for shattering records, said on Wednesday that the documentary film from her billion-dollar Eras concert tour will offer one-day early-access showings in the U.S. and Canada. "Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on Thursday in America and Canada. Previously, Swift had said the movie, "Taylor Swift: The Eras Tour," would only be released in North America, but it was later announced that it would be screened worldwide. Last week, AMC's shares rose 11% after the company said that advance ticket sales for the concert film had topped $100 million globally.

Persons: Taylor Swift, We're, Swift Organizations: AMC Entertainment, Cineplex, Hollywood Locations: Inglewood , California, U.S, Canada, America, North America

☆ AMC CEO identified as victim of an online blackmail attempt last year
▼ + stars: | 2023-10-12 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Adam Aron, chairman and CEO of AMC Entertainment, listens during the Milken Institute Global Conference in Beverly Hills, California, on Oct. 18, 2021. AMC CEO Adam Aron confirmed Thursday he was the victim of a blackmail attempt by a New York woman last year. The case had been previously publicized, identifying the victim in legal documents only as a CEO of a publicly traded company. The New York woman behind the blackmail attempt, Sakoya Blackwood, pretended to be a former romantic partner of Aron using an anonymous online account beginning in March 2022. "This indeed was entirely a personal matter, and the matter is closed," Aron said.

Persons: Adam Aron, Aron, Sakoya Blackwood, Blackwood, AMC's Organizations: AMC Entertainment, Milken Institute Global Conference, AMC Locations: Beverly Hills , California, New York, York, Manhattan

☆ Have tickets to the Taylor Swift movie this weekend? Get ready for a dance party
▼ + stars: | 2023-10-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Taylor Swift performs onstage for the opening night of her The Eras Tour at State Farm Stadium in Glendale, Arizona, on March 17, 2023. Starting Friday, Taylor Swift's The Eras Tour film arrives in theaters, and with it comes a certain expectation of exuberance from those in attendance. Since Swift announced the theatrical release of her The Eras Tour, ticket sales have soared. Beyonce's film will see base tickets set at $22 a piece. "Taylor Swift: The Eras Tour" will play in theaters during the weekends through Nov. 5.

Persons: Taylor Swift, Taylor, it's, let's, Swift, presales, It's Organizations: Farm, AMC Entertainment, AMC Locations: Glendale , Arizona

☆ AMC shares jump after Taylor Swift concert film grosses $100 million in advance ticket sales
▼ + stars: | 2023-10-06 | by ( Sergio Padilla | ) edition.cnn.com time to read: +2 min

Shares of AMC (AMC) surged 11.5% in Friday afternoon trading after the movie theater chain announced that “Taylor Swift: The Eras Tour” concert film had grossed over $100 million in advance ticket sales. “Taylor Swift: The Eras Tour,” already the most profitable concert film in history, opens on Friday, October 13. “Taylor Swift: The Eras Tour” also broke an AMC record for advance first-day ticket sales at $26 million. AMC Theaters Distribution, along with sub-distribution partners Variance Films, Trafalgar Releasing, Cinepolis and Cineplex, have reached deals with operators to show the film in over 8,500 theaters across 100 countries. The company said in a news release that ticket sales for the Eras Tour film were “setting domestic presale records.”For AMC, the rebound has come after sharp declines over two years.

Persons: Taylor, “ Taylor Swift, ”, Swift, AMC’s, Beyonce ” Organizations: CNN, AMC Entertainment, AMC, ” AMC, North, Trafalgar, Cinemark Holdings Locations: United States

KANSAS CITY, Mo. (AP) — Travis Kelce has long prided himself on his ability to compartmentalize his personal life and his professional life. Ever since the All-Pro tight end's budding relationship with pop superstar Taylor Swift surfaced shortly before the Kansas City Chiefs' game against the Chicago Bears last month, Kelce has become an A-list headline-maker in his own right. Asked whether Kelce was surprised by the sudden interest in him, and his relationship with Swift, he replied: “It’s worldwide, man — worldwide. It’s been magnified for sure.”All the while, Kelce has been trying to help the Chiefs defend their Super Bowl title.

Persons: — Travis Kelce, Taylor Swift, Kelce, ” Kelce, You've, Kelce didn't, Swift, Donna Kelce, Jason Kelce, “, They've, ”, he's, Patrick Mahomes, Klay Thompson, Stephen Curry, “ I've, I've Organizations: KANSAS CITY, Kansas City Chiefs, Chicago Bears, Chiefs, Jets, Philadelphia Eagles, Farm, Hy, Vee, Pfizer, Experian, AMC Entertainment Holdings, NFL, Super, “, Lions, Pro Bowl, AFC West Locations: KANSAS, Mo, New York, Kansas City, ”, Detroit, Minnesota

☆ Beyonce's Renaissance Tour film is coming to save the day for the weak December box office
▼ + stars: | 2023-10-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Movie theaters will become a Bey Hive this December. Beyonce's appearance on the film calendar is a much-needed boon for the North American box office. Those offerings give Beyonce's movie plenty of room to run at the box office. It's unclear what Beyonce's film could open to in December, as tickets just went on sale Monday. Beyonce's tour looks to top out just above $560 million.

Persons: Taylor Swift's, Shawn Robbins, Beyonce, Aquaman, Paul Dergarabedian Organizations: AMC Entertainment, Parkwood Entertainment, Dolby, AMC, Cineplex, Harkins, North American, Hollywood, Warner Bros, Comscore, Industry

☆ Beyonce's concert film to be distributed globally by AMC
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

The film follows a similar release by pop superstar Taylor Swift, whose Eras Tour concert film will be distributed in cinemas in North America starting Oct. 13. The concert films provide cinema chains such as AMC, Cinemark and Cineplex, with high-profile titles to help fill gaps caused by a prolonged strike by actors and writers in Hollywood. AMC's rival Cinemark (CNK.N) also announced that it will play the concert film in its U.S. theaters. Both cinema chains said their standard showtime tickets in the U.S. will start at $22. Entertainment website Variety first reported Beyonce's talks to release "Renaissance" through AMC.

Persons: Beyonce, Mario Anzuoni, Taylor Swift, Cinemark, Beyonce's, Jyoti Narayan, Sharon Singleton Organizations: REUTERS, AMC Entertainment, AMC, showtime, Entertainment, Variety, Thomson Locations: Los Angeles , California, U.S, North America, Europe, Hollywood, United States, Canada, Mexico, Bengaluru

☆ Stocks making the biggest moves premarket: Rivian, SolarEdge, Sphere Entertainment and more
▼ + stars: | 2023-10-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Sphere Entertainment — The stock jumped more than 7% after the entertainment and media company opened its Sphere venue in Las Vegas with a show from U2 on Friday night. Insulet — Shares gained 3.4% in premarket trading. Sunnova Energy International — UBS initiated coverage of the solar company with a buy rating, sending shares up 1.5% in premarket trading. Clorox — The consumer products company rose 3.3% in premarket trading after D.A. AMC Entertainment — Shares of the entertainment company moved up 2% before the bell after it announced that Renaissance: A Film by Beyoncé, would be distributed in the U.S. in December.

Persons: Jefferies, Sunnova, Clorox, Davidson, Beyoncé, Goldman Sachs, Chubb —, — CNBC's Michelle Fox, Lisa Han, Jesse Pound Organizations: ISI, Rivian Automotive, Sunnova Energy, — UBS, AMC, SolarEdge Technologies, Barclays, Nvidia, FedEx, Susquehanna, JPMorgan, Chubb Limited Locations: Las Vegas , Nevada, United States, Las Vegas, U.S

[1/2] Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. loading"Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" Previously, Swift had said the movie, called "Taylor Swift: The Eras Tour," would only be released in North America. Swift’s film is expected to collect between $96 million and $145 million at the domestic box office during its opening weekend, according to projections from Box Office Pro. On Nov. 1, 2022, Swift announced her Eras Tour— 53 shows played in stadiums across the United States.

Persons: Taylor Swift, Andrew Kelly, Swift, Walt Disney’s, Danielle Broadway, Lisa Richwine, Clare Trainor, Dea Bankova, Lisa Shumaker Organizations: Prudential Center, REUTERS, AMC Entertainment, Walt Disney’s Marvel, Star Wars, Thomson Locations: Newark , New Jersey, U.S, North America, Hollywood, United States

☆ 'Taylor Swift: The Eras Tour’ concert film set for global theatrical release
▼ + stars: | 2023-09-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift's highly anticipated concert film is getting a global release. "Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" "Taylor Swift: The Eras Tour" is set to screen in more than 100 countries, starting in most of them on Oct 13. Swift's successful foray into film comes after her The Eras Tour, along with other concert tours, filled stadiums across the country, boosting local economies.

Persons: Taylor Swift, Lumen, Taylor Swift's, Swift, Barbie, Mario, — CNBC's Sarah Whitten Organizations: AMC Entertainment, Odeon Cinemas, AMC, American, Mario Bros Locations: Seattle , Washington, U.S, Canada, Mexico, North America, Europe

☆ The meme stock mania is now a movie. Here's what has happened to GameStop and AMC
▼ + stars: | 2023-09-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

There's Anthony Ramos' Marcus, a GameStop cashier, being lectured by his parents that this stock trading thing isn't real. Reddit versus Wall StreetMany social media traders discussed the meme stock moment in David vs Goliath terms — the retail traders versus the hedge funds. Several brokerages limited trading in meme stocks at the height of the meme stock mania. In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.

Persons: Pete Davidson, Paul Dano's Keith Gill, Kitty, There's Anthony Ramos, Marcus, Jenny, hasn't, David, Gabe Plotkin, Seth Rogen, Capital, Robinhood, Chewy, Ryan Cohen, Matthew Furlong, shakeups, Adam Aron, Plotkin Organizations: Sony Pictures Entertainment, GameStop, YouTube, Ferrari, AMC Entertainment, AMC, SEC, Amazon, Wall Street titans, Charlotte Hornets

☆ Stocks making the biggest moves premarket: AMC, Etsy, First Solar and more
▼ + stars: | 2023-09-14 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

AMC Entertainment — Shares of the movie theater chain jumped 5% in premarket trading after AMC said it had completed the equity offering it announced earlier this month. The company said it sold 40 million shares at an average price of $8.14, raising about $325.5 million. In the second quarter, the company earned 11 cents a share, after adjustments, exceeding analysts' expectations of 2 cents per share, according to FactSet. Penn Entertainment — The sports betting stock climbed 3% in premarket trading following a short-term buy call from Deutsche Bank. The conglomerate sold about 5.5 million shares of HP, worth around $158 million.

Persons: Wolfe, Semtech, Warren Buffett's Berkshire Hathaway, Shawn Fain, Jim Farley, — CNBC's Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: AMC, Wolfe Research, Penn Entertainment, Deutsche Bank, BMO Capital Markets, Exxon Mobil, Chevron, Brent, Occidental Petroleum, HP —, HP, Berkshire, General Motors, Ford —, United Auto Workers, Ford Locations: China, Devon, Omaha

☆ Stocks making the biggest moves midday: Netflix, Etsy, HP, Visa and more
▼ + stars: | 2023-09-14 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Striking Writers Guild of America members walk the picket line in front of Netflix offices in Los Angeles, July 12, 2023. Check out the companies making headlines in midday trading:Visa — The credit card behemoth's stock was trading more than 2% lower after announcing plans to change its share structure. Netflix — The streaming giant's shares slipped roughly 2% in midday trading after Chief Financial Officer Spencer Neumann said the ongoing Hollywood writers' strike is bad for business. The movie theater chain said it sold 40 million shares at an average price of $8.14, raising about $325.5 million. Etsy — The e-commerce retailer's stock rose nearly 3% after Wolfe Research upgraded Etsy to outperform from a peer perform rating, citing improving consumer spending and margins.

Persons: Semtech, Spencer Neumann, Neumann, Warren, Berkshire Hathaway, —, Samantha Subin, Pia Singh, Alex Harring Organizations: Guild of America, Netflix, Visa, FactSet, Penn Entertainment, Deutsche Bank, Penn, ESPN BET, AMC Entertainment, AMC, Wolfe Research, HP, Exxon Mobil, Chevron —, Exxon, Chevron Locations: Los Angeles, U.S, China

☆ Stocks making the biggest moves midday: Roku, Tesla, AMC, AeroVironment and more
▼ + stars: | 2023-09-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Roku also boosted its third-quarter revenue guidance to between $835 million and $875 million, versus prior guidance of $815 million. AMC Entertainment — Shares tumbled 36.8% after AMC said it plans to sell up to 40 million new shares to raise cash. The issuance of additional shares was expected after it converted preferred APE shares into AMC common stock in August. Revenue also beat expectations, coming in at $152 million, versus the $129 million expected. Harley-Davidson — The motorcycle maker gained 3.16% after it authorized the repurchase of up to an additional 10 million shares.

Persons: Roku, Tesla, Elon Musk, Apple, AeroVironment, Thoma Bravo, Davidson, Zscaler, LSEG, Wall, Dexcom, —, Macheel, Alex Harring, Michael Bloom Organizations: Street, SpaceX, Twitter, AMC, Journal, Bank of America, LSEG, Revenue, Healthcare, Dominion Energy, Dominion, Southwest Airlines —, Southwest Airlines Locations: Virginia, China, Enbridge, Southwest

☆ AMC Stock Falls to Record Low After Announcing Share Sale
▼ + stars: | 2023-09-06 | by ( ) www.wsj.com time to read: 1 min

Shares of AMC Entertainment closed at a record low Wednesday after the movie theater chain announced a plan to sell up to 40 million common shares. The struggling chain said it plans to use the proceeds to bolster liquidity and repay debt, among other things. The announcement follows the news last month that AMC converted its preferred "APE" units to common stock and conducted a reverse stock split.

Organizations: AMC Entertainment, AMC

☆ AMC shares slide 20% after theater chain announces plan to sell additional stock
▼ + stars: | 2023-09-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Shares of AMC Entertainment fell sharply in early trading Wednesday after the theater chain said in a filing that it plans to sell up to 40 million new shares to raise cash. AMC was widely expected to sell additional shares after the successful conversion of the preferred APE shares into AMC common stock in August. The theater chain sold millions of shares of common stock in recent years after becoming one of the so-called meme stocks popular with retail traders. The company issued the preferred APE shares as part of a strategy to change its corporate voting structure and get shareholder approval to sell additional common stock. AMC said in the filing Wednesday that it will sell the new shares through "at-the-market" offerings, without a specific time frame.

Persons: Goldman Sachs, Taylor Swift Organizations: AMC Entertainment, AMC, Citigroup, Barclays, Riley Securities Locations: U.S, Hollywood

☆ Hollywood strikes to hit Warner Bros revenue for rest of the year
▼ + stars: | 2023-09-05 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

The exterior of the Warner Bros. REUTERS/Alyssa Pointer/File photo Acquire Licensing RightsSept 5 (Reuters) - Warner Bros Discovery (WBD.O) is bracing for a hit to its full-year profit as the ongoing strike by Hollywood actors and writers shows no signs of let-up. The actors' strike has prompted movie studios to adjust film schedules in the absence of celebrities to hit red carpets or talk shows to help build buzz. Warner Bros Discovery had previously provided financial guidance for 2023 assuming the strikes would be resolved by early September. Warner Bros also said CEO David Zaslav would be participating in an investor conference on Sept. 6, and expects to discuss, among other topics, the impact of the ongoing strikes.

Persons: Alyssa Pointer, it's, Max Willens, Warner Bros, David Zaslav, Samrhitha, Jaspreet Singh, Krishna Chandra Organizations: Warner Bros . Discovery, Writers Guild of America, Alliance of Motion Pictures, Television Producers, REUTERS, Warner Bros Discovery, Hollywood, Warner Bros, Intelligence, AMC Entertainment, Warner, Thomson Locations: Warner Bros . Discovery Atlanta, Atlanta , Georgia, U.S, California, Bengaluru

☆ Taylor Swift Eras Tour concert film is already a blockbuster with historic first-day ticket sales
▼ + stars: | 2023-09-01 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

In less than 24 hours on the market, ticket sales for Taylor Swift's Era Tour concert film have already broken records. "Taylor Swift is giving moviegoing fans and the entire industry the ultimate gift by bringing Taylor Swift Eras Tour concert film to the big screen," said Jerramy Hainline, senior vice president at Fandango Ticketing. AMC Entertainment reported that Thursday ticket sales for Swift's film reached $26 million, a new record for the century-old company. Previously, the highest single-day ticket sales record was held by "Spider-Man: No Way Home" with $16.9 million. Cinema chains told CNBC that most of the Thursday ticket sales were for showings during the concert film's opening weekend.

Persons: Taylor Swift's, Fandango, Taylor Swift, Taylor, Jerramy Hainline, Rich Gelfond, CNBC's, there's, NBCUniversal Organizations: Fandango, AMC Entertainment, CNBC, AMC, Dolby, Hollywood, Warner Bros, Comcast Locations: NBCUniversal

☆ Taylor Swift's concert film headed to movie theaters
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-Taylor Swift performs during the iHeartRadio Jingle Ball concert at Madison Square Garden in the Manhattan borough of New York City, U.S., December 13, 2019. "Taylor Swift: The Eras Tour" will play in cinemas in North America starting Oct. 13, the "Anti-Hero" singer announced on X, formerly Twitter, on Thursday. "The Eras Tour has been the most meaningful, electric experience of my life so far and I'm overjoyed to tell you that it’ll be coming to the big screen soon," Swift said. Adult tickets for Swift's documentary cost $19.89 each, a nod to Swift's "1989" album, and children's tickets will cost $13.13. Reporting by Lisa Richwine; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Taylor Swift, Caitlin Ochs, it’ll, Swift, Lisa Richwine, Jonathan Oatis Organizations: Madison, REUTERS, AMC Entertainment, Warner Bros, Thomson Locations: Manhattan, New York City, U.S, North America, Hollywood

☆ A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares - and ended up making $7,000 for his broker, SEC says
▼ + stars: | 2023-08-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says. The Auntie Anne's employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks. His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit. The pretzel-shop worker piled about $85,000 into Apple, $78,000 into GameStop, $22,000 into Nvidia, $13,000 into AMC Entertainment, and $700 into Tesla. Tesla and Nvidia also have passionate fanbases who expect the pair to win big from the artificial-intelligence revolution.

Persons: Deyonte Jahtori Anthony, Auntie Anne's, Anthony, Anthony wasn't, Anthony couldn't Organizations: SEC, Nvidia, GameStop, AMC, Service, AMC Entertainment, Securities and Exchange Commission, Apple, Tesla, Cano Health, Electronic Arts, Resolute, Products, ETFMG, Security Locations: Wall, Silicon, North Carolina

☆ National Cinema is back on August 27 with $4 movie tickets
▼ + stars: | 2023-08-27 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

Sunday is the second annual National Cinema Day. At more than 3,000 participating theaters across the country the price of a movie ticket is just $4. National Cinema Day could give the theater business a boost. Last year’s Cinema Day, when tickets were only $3, drew 8 million participants and raked in $23.8 million at the box office, a 103% jump from the day before. The Cinema Foundation, the non-profit spearheading the initiative, says Cinema Day propelled long-term theater attendance.

Persons: Barbie ”, “ Barbie, ” “ Oppenheimer, ”, Barbie Organizations: New, New York CNN, National Association of Theatre Owners, AMC, AMC Entertainment Holdings Inc, Hollywood, Cinema Foundation, Warner Bros . Locations: New York

☆ Stocks making the biggest moves premarket: Marvell Technology, Affirm, Hawaiian Electric and more
▼ + stars: | 2023-08-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Marvell posted earnings of 33 cents per share, excluding items, on $1.34 billion in revenue. For the recent period, Affirm posted a smaller-than-expected loss of 69 cents per share on revenues of $446 million. Intuit posted $2.71 billion in revenue, ahead of the $2.64 billion expected. Analysts polled by Refinitiv had anticipated earnings of $5.85 per share on $2.51 billion in revenue, according to Refinitiv. Adjusted earnings per share came in at 34 cents, ahead of the 9 cents expected by analysts polled by Refinitiv.

Persons: Marvell, Refinitiv, Nordstrom, Ulta, Alan Gould, —, Jesse Pound, Sarah Min, Michelle Fox Organizations: Marvell Technology, Hawaiian Electric, Electric, NBC News, Intuit —, Refinitiv, Intuit, AMC Entertainment, Netflix Locations: Maui

☆ Stocks making the biggest moves midday: Nordstrom, Hasbro, Hawaiian Electric, Affirm and more
▼ + stars: | 2023-08-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of the 44 cents expected by analysts polled by Refinitiv. Revenue was $1.79 billion, versus the $1.77 billion expected. Gap's revenue was $3.55 billion, below the $3.57 billion expected. Earnings per share came in at 33 cents for its second quarter, versus the 32 cents expected, according to Refinitiv.

Persons: Nordstrom, Ulta, Morgan Stanley, Yun Li, Hakyung Kim, Alex Harring, Samantha Subin, Michael Bloom Organizations: Refinitiv, Hawaiian, National Weather Service, NBC, Hasbro, Bank of America, Revenue, Intuit —, Refinitiv . Revenue, Marvell Technology, Marvell, Analysts, AMC Locations: Maui, Refinitiv

☆ Warner Bros delays 'Dune,' 'Lord of the Rings' films due to strike
▼ + stars: | 2023-08-24 | by ( Lisa Richwine | ) www.reuters.com time to read: +3 min

[1/2] Timothee Chalamet and Zendaya, promoting the movie "Dune: Part Two", attend a Warner Bros. presentation during CinemaCon, the official convention of the National Association of Theatre Owners, in Las Vegas, Nevada, U.S. April 25, 2023. "Dune" was one of the most anticipated films on the late 2023 schedule. "Dune: Part Two" will now debut on March 15, a date that had been reserved for Warner Bros film "Godzilla x Kong: The New Empire." As a result, an animated "Lord of the Rings" film that had been set for April was moved to December. Other major films on the 2023 schedule at the moment include Walt Disney's (DIS.N) "The Marvels," a Lionsgate (LGFa.N) prequel to "The Hunger Games," and "Wonka," another Warner Bros film that also stars Chalamet.

Persons: Steve Marcus, Frank Herbert’s, Oppenheimer, Walt Disney's, Wonka, Chalamet, Lisa Richwine, Chris Reese, Matthew Lewis Organizations: Warner Bros, National Association of Theatre Owners, REUTERS, Hollywood, AMC Entertainment, SAG, Sony Pictures, GameStop, Lionsgate, Writers Guild of America, Thomson Locations: Las Vegas , Nevada, U.S, New York, Los Angeles

☆ AMC shares crater as investors brace for stock conversion
▼ + stars: | 2023-08-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

AMC Entertainment shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week. On Friday, the movie theater chain's preferred equity units, dubbed APE shares, are set to be transformed into common stock just one year after they began trading on the New York Stock Exchange. These preferred equity units are a workaround, of sorts, and free AMC up to sell additional units of stock after investors who feared dilution rejected the company's efforts to issue additional stock last year. AMC also is planning a 10-to-1 reverse stock split of its common stock on Thursday. Shares of the company have nearly halved since it was announced on Aug. 14 that the APE shares would be converted.

Persons: Eric Handler, Roth MKM Organizations: AMC Entertainment, New York Stock Exchange, AMC Locations: Delaware

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