AMC Theatres

What AMC Theatres does

AMC Theatres (NYSE: AMC) is the world's largest movie theater chain, operating approximately 855 theatres and 9,640 screens globally through its U.S. AMC Theatres brand and international ODEON Cinemas subsidiary. Founded in 1920 in Kansas City and now headquartered in Leawood, Kansas, the publicly traded company serves over 250 million guests annually and generated $4.8 billion in revenue in 2025, a 5% increase over 2024. Its core business is theatrical exhibition of films across standard auditoriums and premium large-format partnerships including IMAX, Dolby Cinema, RealD 3D, 4DX, SCREENX, and AMC's proprietary PRIME and XL formats.

Beyond movie screenings, AMC operates a diversified product ecosystem comprising the AMC Stubs loyalty program (free Insider tier, $17.99/year Premiere, and $19.99+/month A-List subscription allowing up to four movies weekly in any format), AMC DINE-IN theaters, MacGuffins Bar, expanded Feature Fare concessions, private theatre rentals, gift cards, and AMC-branded grocery popcorn sold through retail and Uber Eats delivery. The technology stack consists of amctheatres.com, a mobile app with 96% positive App Store rating, mobile order-ahead for concessions, and AMC On Demand distributed through a Fandango at Home partnership. The company also deploys in-lobby digital advertising through a 285-location National CineMedia and Creative Realities partnership, and in June 2026 launched Arena One at AMC live concert simulcasts across 300+ theaters.

AMC generates revenue primarily through ticket sales (transaction fees with dynamic, format-based, and showtime-based pricing), high-margin food and beverage concessions, recurring subscription memberships, advertising, and ancillary streams including collectible merchandise and live event programming. Customer segments span individual moviegoers across all demographics — with Gen Z now accounting for nearly 40% of North American box office — alongside corporate/group events and loyalty program partners such as Gap Inc.'s Encore program. The company carries approximately $4 billion in outstanding debt plus $3.5 billion in lease liabilities, and has relied on repeated equity issuance (shares outstanding rising 404% over five years to nearly 514 million) to manage its capital structure while pursuing debt refinancing and operational expansion.

Name

AMC Theatres

Legal name

AMC Entertainment Holdings, Inc.

Website

https://amctheatres.com

Company type

Public

Founded year

1920

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

AMC Theatres is the world's largest movie theater chain, operating 855+ theatres and 9,640+ screens globally through U.S. AMC and international ODEON brands. The publicly-traded company serves 250+ million guests annually with theatrical exhibition, premium formats, concessions, and subscription loyalty programs.

Ownership category

akta.pro rank

Product category

Movie Theater Exhibition

NAICS

Motion Picture Theaters (except Drive-Ins) (512131), Motion Picture and Video Exhibition (51213)

SIC

Services-Motion Picture Theaters (7830)

akta.pro primary industry

Cinema Chains & Multiplex Operators (MPADAKAA)

akta.pro secondary industries

Cinema Concessions & On-site F&B Operations (MPADAKAN), Alternative Content Exhibition (Live Broadcasts, Concert Films, Sports, Opera) (MPADAKAG), Cinema Advertising & On-screen Media Networks (MPADAKAO)

Keywords

• Movie theater exhibition
• Cinema concession operations
• Premium format cinema
• Movie subscription services
• Live event streaming venues

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

1. Ticket Sales: AMC generates primary revenue from selling movie tickets at its theater locations. Pricing varies by format (standard vs. premium formats like IMAX, Dolby Cinema, 4DX) and showtime (matinee vs. evening). The company has implemented dynamic pricing and subscription models to drive attendance.
2. Food & Beverage Concessions: Concession sales (popcorn, drinks, nachos, pretzels, specialty items) represent a significant revenue stream with high margins. AMC has expanded its food menu with premium items, cocktails at MacGuffins Bar, and collectible merchandise tied to blockbuster releases.
3. AMC Stubs Subscription Memberships: Recurring subscription revenue from A-List ($19.99+/month for up to 4 movies/week) and Premiere ($17.99/year) membership tiers, providing predictable monthly revenue and driving customer retention.
4. Advertising & Promotions: Revenue from advertising partnerships including National CineMedia for pre-show advertising, and promotional partnerships with studios for branded content and merchandise tied to film releases.
5. Grocery Popcorn & Merchandise: Sales of AMC-branded grocery popcorn products (microwave and ready-to-eat) through retail locations and online, as well as collectible merchandise tied to movie releases.
6. Live Event Streaming: Revenue from live concert streaming events at theaters through Arena One partnership, with tickets priced between $40-$75, representing alternative content beyond traditional film screenings.
7. Home Entertainment Distribution: Partnership revenue from Fandango at Home for movie rentals and purchases, extending AMC's brand into at-home viewing market.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

AMC Theatres operates the world's largest movie theater chain, providing theatrical film exhibition across approximately 855 theatres and 9,640 screens in the United States and international markets through the AMC and ODEON Cinemas banners. The company sells movie tickets and food and beverage concessions in standard and premium viewing formats (IMAX, Dolby Cinema, 4DX, SCREENX, RealD 3D), supported by the AMC Stubs loyalty and subscription program (Insider, Premiere, A-List) and an expanded food and beverage program including AMC DINE-IN, MacGuffins Bar, and the Feature Fare menu.

Product overview

AMC Theatres operates as a diversified movie theater and entertainment company offering theatrical film exhibition as its core product across approximately 855 theatres and 9,640 screens globally. The company provides a comprehensive entertainment ecosystem comprising premium large-format auditoriums (IMAX, Dolby Cinema, RealD 3D, 4DX, SCREENX, PRIME, XL), food and beverage services (AMC DINE-IN, MacGuffins Bar, Feature Fare concessions), the AMC Stubs multi-tiered loyalty program (Insider free tier, Premiere $17.99/year, Premiere GO!, and A-List subscription at $19.99+/month for up to 4 movies weekly), digital platforms (AMC On Demand with Fandango at Home, AMC Mobile App), special programming (AMC Screen Unseen, Artisan Films, Thrills & Chills), private event rentals, gift cards, and consumer grocery popcorn products. The company also expanded into live concert streaming via the Arena One at AMC partnership and offers in-lobby digital advertising networks through National CineMedia and Creative Realities partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• AMC Stubs: Loyalty program with tiers: Insider (free), Premiere ($17.99+/year), and A-List (starting at $19.99/month for up to 4 movies weekly)
• MacGuffins Bar
• AMC DINE-IN
• AMC CLASSIC
• Perfectly Popcorn
• Feature Fare
• AMC Artisan Films
• AMC Screen Unseen

Products and services

• AMC Theatres movie exhibition Theatrical film exhibition across approximately 855 theatres and 9,640 screens globally through the AMC Theatres and ODEON Cinemas banners, offering standard and premium viewing formats (IMAX, Dolby Cinema, 4DX, SCREENX, RealD 3D) for individual moviegoers.
• AMC Stubs Loyalty Program Multi-tiered loyalty program with Insider (free), Premiere ($17.99/year), Premiere GO!, and A-List ($19.99+/month) tiers offering points on purchases, rewards redemption, discounted tickets on Tuesdays and Wednesdays, free popcorn refills, size upgrades, birthday gifts, and exclusive screenings for frequent moviegoers.
• AMC DINE-IN Dine-in theatre experience that combines restaurant service with movie viewing, allowing guests to order food and beverages for delivery to their theatre seats during showings.
• MacGuffins Bar Full-service bar at AMC locations offering beer, wine, cocktails, and signature drinks, featuring premium themed cocktails like the Intergalactic Fizz and Dragon Fruit ICEE tied to movie releases.
• AMC Feature Fare AMC's made-to-order concession program featuring specialty snacks including Popcorn Chicken, Hot Honey Sausage Pizza, Dill Pickle Pretzels, Street Corn Poppers, and items tied to specific movie releases.
• AMC Popcorn Pass Annual subscription offering 50% off a large popcorn every day at AMC concession stands for $17.99, valid through 12/31/26 for frequent moviegoers.
• AMC On Demand Partnership with Fandango at Home providing AMC guests on-demand movie rentals and purchases, including 4K UHD quality, Dolby Atmos, and thousands of free titles for at-home viewing.
• AMC Mobile App iOS and Android mobile application enabling ticket purchasing, theatre discovery, food ordering, and loyalty program management, with a 96% positive App Store rating.
• AMC Screen Unseen AMC's surprise movie screening event where attendees purchase tickets without knowing the film title, revealed only at showtime, featuring discounted ticket prices and R-rated movie announcements.
• AMC Artisan Films AMC's curated film program showcasing independent, foreign, and specialty films from arthouse distributors including A24 releases.
• AMC Thrills & Chills AMC programming strand featuring horror and thriller genre films, including limited theatrical releases and special screenings.
• Arena One at AMC Live Concert Series Live concert simulcast experience bringing music performances into AMC theatres using interactive technology to enable real-time audience-performer connection, with tickets priced between $40-$75.
• Private Theatre Rentals Private theatre rental service for birthdays, corporate events, team building, special events, and group gatherings, allowing groups to book entire auditoriums for exclusive viewing experiences.
• AMC Gift Cards Gift cards available in digital or physical format, usable for tickets, concessions, and merchandise at AMC locations nationwide, including bulk corporate orders.
• AMC Perfectly Popcorn (Grocery) AMC-branded consumer popcorn products sold at retail grocery locations and online, including microwave popcorn (Kettle Butter, Extra Butter, Classic Butter) and ready-to-eat varieties, extending the theatrical popcorn experience to home consumption.
• Fathom Entertainment special events Alternative content distribution including live sports, concerts, opera, and special events simulcast to AMC theatres.
• AMC Stubs A-List Subscription Premium subscription tier allowing members to see up to 4 movies per week in any format including Dolby Cinema, IMAX, and RealD 3D with free reservations, starting at $19.99 per month plus tax.

Quantifiable outcome

• 25.5 million guests in May 2026 - highest May attendance since 2019
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Arena OnecoreStrategic or Co-development Partner · 5 May 2026Arena One and AMC Theatres launched 'Arena One at AMC,' a first-of-its-kind live concert format connecting fans nationwide in 300+ AMC locations across 89 U.S. markets. The partnership debuts in June 2026 with performances by Bebe Rexha, Paris Hilton, Kim Petras, and Maren Morris, using innovative technology to enable real-time audience-performer connection across all venues simultaneously.
• Paramount SkydancecoreOthers · 23 April 2026Paramount's proposed $111 billion acquisition of Warner Bros. Discovery, which AMC CEO Adam Aron publicly supported at CinemaCon 2026, pending regulatory approval expected to take 6-18 months.
• National CineMediacoreStrategic or Co-development Partner · 19 April 2026National CineMedia and Creative Realities partnered with AMC Theatres to deploy a premium in-lobby media network across 285 theater locations nationwide. The initiative installs multiple 75-inch screens per location to deliver high-impact video, brand storytelling, and interactive experiences for advertisers. NCM manages in-lobby video advertising while Creative Realities handles installation, operations, and ongoing network management.
• Creative RealitiescoreTechnology or Integration · 19 April 2026Creative Realities serves as the equipment and service partner for AMC's in-lobby digital display network, handling installation, operations, and ongoing network management across 285 theater locations. The company reported Q4 2025 revenue of $23.9 million with the CDM acquisition contributing $13.6 million.
• CJ 4DPLEXcoreStrategic or Co-development Partner · 19 March 2026CJ 4DPLEX and AMC Theatres launched the first four premium SCREENX and 4DX theaters in the United States at locations in Los Angeles, Las Vegas, Houston, and Kansas City. These installations feature advanced immersive technologies including redesigned projection systems and synchronized motion seats to showcase major film releases.
• Gap Inc.minorGTM or Marketing Partner · 2 March 2026Gap Inc. launched 'Encore,' a new loyalty program spanning Old Navy, Gap, Banana Republic, and Athleta brands, with AMC Theatres as an entertainment partner. The program integrates apparel brands with entertainment experiences as part of Gap's 'Fashiontainment' platform strategy.
• NetflixcoreStrategic or Co-development Partner · 24 February 2026AMC expanded its collaboration with Netflix following a New Year's Eve screening of Stranger Things: The Finale. The partnership includes theatrical screenings of Netflix content and represents AMC's push into alternative content beyond traditional theatrical releases.
• Fandango at HomecoreChannel Partner/ Reseller/ DistributorAMC Theatres On Demand partnered with Fandango at Home to provide movie rentals and purchases to AMC guests. Fandango at Home offers more than 250,000 new releases and a huge catalog of movies and TV shows including 4K UHD quality, Dolby Atmos, and thousands of FREE titles.
• Uber EatsminorChannel Partner/ Reseller/ DistributorAMC partnered with Uber Eats for home delivery of concessions including Perfectly Popcorn, pretzel bites, and Impossible Nuggets, enabling customers to order AMC food items for delivery when they cannot visit theaters.
• Warner Bros. DiscoverycoreOthersWarner Bros. Discovery is the target of Paramount's proposed acquisition. AMC expressed support for the merger contingent on David Ellison's commitments to maintain theatrical windows and release 30 films annually.

Scale indicators12 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Regal Cinemas (Cineworld Group): Operates one of the largest U.S. and global cinema chains directly competing with AMC in theatrical exhibition, premium formats (IMAX, 4DX), loyalty programs (Regal Crown Club), and F&B offerings. Cineworld's Chapter 11 restructuring in 2022 highlights industry-wide balance sheet stress comparable to AMC's.
• Cinemark Holdings: Third-largest U.S. movie theatre chain with ~500 theatres and ~5,500 screens, operating Movie Club subscription, XD premium format, and comparable concession strategies. Closest publicly traded direct competitor to AMC in scale, footprint, and operating model.
• Marcus Theatres (Marcus Corporation): Fourth-largest U.S. cinema operator with ~1,000 screens primarily in the Midwest, featuring the Magical Movie Rewards loyalty program and UltraMax premium format. Direct competitor in mid-market theatrical exhibition with similar dine-in and premium positioning.

Broad incumbents

• Cinépolis: Largest cinema chain in Latin America and fourth-largest globally, operating luxury VIP and premium formats (IMAX, 4DX, ScreenX) comparable to AMC's premium offering. Family-owned Mexican exhibitor with growing U.S. footprint in California and Florida that overlaps AMC's premium positioning.

Emerging players

• Alamo Drafthouse Cinema: Premium dine-in cinema chain known for strict no-talking policies, curated programming, and full food-and-beverage service in-theatre. Competes with AMC DINE-IN and Feature Fare on the premium experience axis and represents a differentiated niche player.

Regional players

• Kinepolis Group: Belgian-headquartered cinema operator with ~1,100 screens across Europe and Canada, operating premium Laser ULTRA format and comparable loyalty programs. Regional player with similar European theatrical exhibition exposure to AMC's ODEON subsidiary.
• Harkins Theatres: Family-owned regional cinema chain operating ~90 theatres across the Western U.S. with the My Harkins Awards loyalty program. Comparable mid-size exhibitor competing in select markets overlapping AMC's premium positioning.
• B&B Theatres: Privately-held fifth-largest U.S. cinema chain operating ~400 screens across the South and Midwest, including premium formats and dine-in concepts. Comparable family-operated regional exhibitor competing with AMC in select secondary markets.

Others

• IMAX Corporation: Technology partner and exhibitor-enabler that licenses premium large-format projection systems to AMC and other chains. Highly comparable through its content distribution and premium-format economics, with results tied to overall theatrical box office performance.
• National CineMedia: Operates the Noovie pre-show in-cinema advertising network across AMC, Cinemark, and Regal locations. AMC has an active partnership with NCM for in-lobby digital advertising, and NCM's revenue is directly tied to theatrical attendance trends affecting AMC.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AMCTheatres
• YouTubeyoutube.com/user/amctheatres
• Facebookfacebook.com/amctheatres
• Instagraminstagram.com/amctheatres
• TikToktiktok.com/@amctheatres
• LinkedInlinkedin.com/company/amc-theatres

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds13 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AMC Theatres