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Legendary sells minority stake to private equity firm Apollo for $760m | News
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Robinhood Stock Gains On $140 Million Say Technologies Deal
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AMC Entertainment Taps CEO As Board Chair As Meme Stock Stages Another Comeback Following Chinese Billionaire s Exit
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Original:
AMC Entertainment (
AMC) - Get Report shares moved higher Monday after its British cinemas recorded their busiest week of ticket sales since the pandemic, offsetting the departure of a key investor in the world s biggest movie theatre chain.
Oden said it sold more than 300,000 tickets for the week beginning on May 17, and saw strong pre-sale demand for upcoming films including Cruella, Demon Slayer and The Conjuring. AMC s smaller rival, Cineworld, said its re-opening weekend in the U.K. topped forecasts thanks in part to the success of the animated comedy Peter Rabbit 2 .
AMC s U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling below the 13,000 mark and the lowest levels since March 2020 amid a vaccine rollout that has put shots in the arms of more than 287 million Americans.