AMC CEO: We See Record Box Office Sales in 2017 and 2018

AMC CEO: We See Record Box Office Sales in 2017 and 2018

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Business

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The transcript discusses AMC's acquisition of Carmike Cinemas, which would make AMC the largest movie theater exhibitor globally. The acquisition requires approval from Carmike shareholders and the Justice Department. AMC is optimistic about the approval, having experience with similar processes, such as the Starplex Cinemas acquisition. The company is also considering international expansion, encouraged by its shareholders. AMC's first-quarter earnings were strong, with significant year-over-year growth. While there may be challenges in the second quarter, AMC is optimistic about future prospects, anticipating record-breaking years in 2017 and 2018 due to a strong lineup of blockbuster movies.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What opportunities does the speaker see for AMC outside the United States?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the outlook for the movie industry in 2017 and 2018 according to the text?

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