AMC shares hunch as CEO Adam Aron, CFO Sean Goodman promote inventory

An AMC theater is pictured in Times Square in the Manhattan neighborhood of New York City, New York, on June 2, 2021.

Carlo Allegri | Reuters

Shares in AMC entertainment collapsed nearly 7% on Friday after two company executives sold significant portions of their stock.

CEO Adam Aron sold an additional $ 9.65 million in AMC stock as part of his estate planning. a move he warned investors that he would be back in August. He sold 312,500 shares on Tuesday for an average of $ 30.86 apiece, according to a regulatory filing filed Thursday.

This sale comes a month after Aron sold 625,000 shares in the company for approximately $ 25 million. He still holds around 96,000 shares, excluding around 2.9 million shares to be issued in the future based on performance targets.

Separately, AMC’s chief financial officer Sean Goodman sold all of his 18,316 shares for approximately $ 565,000, according to a separate filing with the Securities and Exchange Commission. This excludes approximately 296,000 shares that may be issued as a result of Goodman’s continued business for the company, or approximately 293,000 shares that are tied to performance goals and objectives.

Aron recently announced that the company’s board of directors has approved a new equity policy for the company’s executives that requires them to hold a certain number of AMC shares. According to the new guideline, the CEO must hold his own shares or shares that have been awarded for at least eight years’ salary. The CFO must keep the salary in reserve for six years. Goodman’s untransferred shares meet this requirement.

AMC representatives declined to comment.

“I think that while Adam Aron was clearly expressing his intention to liquidate some of his position in AMC stocks by the end of the year, many investors were surprised by the extent to which he sold stocks between early November and mid-December” said Alicia Reese, an analyst at Wedbush.

“Of course, Sean Goodman has more shares since he sold in November, and all executives will continue to accumulate more shares as part of their compensation packages, but they are walking a fine line by taking advantage of the increased share price, while” private shareholders have committed to hold on at all costs, “she said.

Eric Handler, media and entertainment analyst at MKM Partners, noted that the stock is currently trading 30 times its estimated Adjusted EBITDA for the next year and 22 times its forecast for 2023. AMC’s historic valuation peaked at 9 times the metric, he said.

AMC shares topped $ 72 in June, an all-time high when the company was supported by millions of individual retail investors. In the past few months, however, the share has more than halved. On Friday, the stock closed at $ 27.44, down 6.9%.

Before this surge in new investors, the company’s shares hovered between $ 5 and $ 10, but fell to just $ 1.91 per share in January when it looked like AMC would not avert bankruptcy.

The “meme shares” rally helped the movie theater chain hit hard by the pandemic and laden with debt from previous acquisitions. The rise in inventory allowed Aron to raise enough cash to pay rents and even add more theaters. But even with diversified content like soccer games and concerts and the company’s ability to accept cryptocurrencies for tickets and concessions, analysts don’t expect AMC stock to hold this high level.

“The current price does not appear sustainable on a fundamental basis,” said Handler.[It’s a] very opportunistic way for management to get paid. “

AMC executives and board members had previously has dumped more than $ 70 million in stocks Year, according to a report from Bloomberg. While many of these sales were planned ahead of time by management, it means a massive shift for these executives who sold only a fraction of that amount in previous years.

67-year-old Aron is very transparent with investors and has repeatedly advised them that his stock sales are part of an estate plan to diversify his portfolio. Other AMC executives were less vocal about the reasons for their sales.

These stock sales occur at a time when insider selling has accelerated. A recent study by InsiderScore / Verity found that InsiderScore sold more than $ 69 billion worth of shares that year – a record high. The changes occurred when stock assets were increasing and at a time when Congress discusses significantly higher capital gains tax rates and changes in inheritance tax policy.

Dwayne Johnson’s ‘Black Adam’ Delivers a ‘Mortal Kombat’-Fashion Fatality in First Take a look at DC Film [Video]

Fresh from DC FanDome this afternoon, a brand new trailer for Director Matt ReevesThe Batman fled a year after we received the first footage from last year’s event.

The Batman will hit theaters on March 4, 2022, and you can check out today’s fresh new trailer below. It’s full of new footage from Robert PattinsonBatman’s ass kicks and names himself, allies with Zoe Kravitz‘s Catwoman, defending Gotham City from a handful of threats, including Paul Dano‘s Riddler, and Colin Farrell‘s penguin.

Check out the trailer below and Experience it here in 4K!

The film has faced both production stops and delays in its release date due to the ongoing pandemic and was originally scheduled to hit theaters on June 25, 2021.

Robert Pattinson plays Batman / Bruce Wayne for this particular version of the character, of course Paul Dano as Riddler, Jeffrey Wright as Commissioner Gordon, Zoe Kravitz as Selina Kyle / Catwoman, Andy Serkis as Alfred Pennyworth, Colin Farrell as a penguin, and John Turturro as Carmine Falcone. Jayme Lawson and Peter Sarsgaard will also play along.

Adam Levine not at Blake Shelton and Gwen Stefani’s wedding ceremony | Leisure

Adam Levine missed Gwen Stefani and Blake Shelton’s wedding.

The Maroon 5 frontman’s pals had previously joked about having singing for guests at their wedding, but now it turns out that he was not one of the friends and family the couple saw on Saturday (7/3/21) at their ranch in Oklahoma. .

According to the New York Post’s Page Six column, Adam was with his wife Behati Prinsloo and their daughters in Miami – where he was believed to be recording new music – when the wedding took place.

However, “The Voice” host Carson Daly and his wife Siri were among those in attendance who saw the couple marry.

The night before the wedding, Gwen, 51, and Blake, 45, enjoyed a family dinner at country superstar Ole Red’s restaurant.

The group, to which the three sons of the “Just A Girl” singer Kingston (15), Zuma (12) and the seven-year-old Apollo belonged, ate burgers, fries and tacos in the restaurant.

One viewer told People magazine, “They looked really happy together and definitely in love.”

In May, Blake – who was previously married to Miranda Lambert and Kaynette Williams – admitted that Gwen was “in the middle of planning their wedding.”

He said, “I want her to do and deal with all of this because it’s going to be great.

“She’s in the process of planning this, and she’s always so attentive … to me. She says, ‘Hey, I don’t want to just do this thing.’ I think she’s having fun doing it. I mean, I know she’s having fun doing it. “

The ‘Don’t Speak’ hitmaker, who has her sons with ex-husband Gavin Rossdale, recently teased that the two are planning a small wedding just for their family.

Regarding Blake’s previous claims that Adam would perform at their wedding, she said, “I would definitely love to have Adam sing at our wedding, but the thing is, I have a feeling we won’t have a wedding band.

“I have a feeling that we are not. I have a feeling we’re just going to make a playlist. We keep it very simple – really simple …

“It will be my mom and dad and it will be literally just one family and we look forward to it.”

But Gwen didn’t think a small wedding was any less fun than a lavish celebration.

She added, “Although it will be fun. We’re going to make it really funny, but it won’t be as big as – you know, it’s not like the Queen and King getting married or anything. ”The Maroon 5 frontman’s pals had previously joked that he was singed for guests at their wedding, but now it turned out he wasn’t one of the friends and family who saw the couple at their Oklahoma ranch on Saturday, 7/3/21. .

According to the New York Post’s Page Six column, Adam was with his wife Behati Prinsloo and their daughters in Miami – where he was believed to be recording new music – when the wedding took place.

However, “The Voice” host Carson Daly and his wife Siri were among those in attendance who saw the couple marry.

The night before the wedding, Gwen, 51, and Blake, 45, enjoyed a family dinner at country superstar Ole Red’s restaurant.

The group, to which the three sons of the “Just A Girl” singer Kingston (15), Zuma (12) and the seven-year-old Apollo belonged, ate burgers, fries and tacos in the restaurant.

One viewer told People magazine, “They looked really happy together and definitely in love.”

In May, Blake – who was previously married to Miranda Lambert and Kaynette Williams – admitted that Gwen was “in the middle of planning their wedding.”

He said, “I want her to do and deal with all of this because it’s going to be great.

“She’s in the process of planning this, and she’s always so attentive … to me. She says, ‘Hey, I don’t want to just do this thing.’ I think she’s having fun doing it. I mean, I know she’s having fun doing it. “

The ‘Don’t Speak’ hitmaker, who has her sons with ex-husband Gavin Rossdale, recently teased that the two are planning a small wedding just for their family.

Regarding Blake’s previous claims that Adam would perform at their wedding, she said, “I would definitely love to have Adam sing at our wedding, but the thing is, I have a feeling we won’t have a wedding band.

“I have a feeling that we are not. I have a feeling we’re just going to make a playlist. We keep it very simple – really simple …

“It will be my mom and dad and it will be literally just one family and we look forward to it.”

But Gwen didn’t think a small wedding was any less fun than a lavish celebration.

She added, “Although it will be fun. We’re going to make it really funny, but it’s not going to be as big as – you know, it’s not that the Queen and King are getting married or anything. “

Adam Lambert cannot watch for reside performances once more | Leisure

Adam Lambert can’t wait to perform in front of a live audience again.

The ‘For Your Entertainment’ hitmaker has not been able to perform live for the past year and a half due to the coronavirus pandemic, but is very much looking forward to being on stage soon.

He said, “I am very excited to be in front of a live audience. I did a virtual concert around my birthday and that was a lot of fun too, but it’s just not the same. Having a live audience is like tapping into collective energy and it’s an experience … there’s just nothing like it. “

And the 39-year-old singer is happy to see the mainstream music scene support LGBTQ + artists like him, because there was a time when some artists were concerned about whether they would be “out and proud” and still “commercially viable” could be or not. as an artist.

Speaking to People magazine, Adam added, “The mainstream music scene has opened up and expanded so much for us. It was a difficult situation to begin with because so many people in the business were just not sure if it was commercially viable to be out there and be proud.

“Now we know there is an audience for it, and there is an audience beyond the queer audience. It’s a mixed mainstream audience. There are a lot of straight fans of gay artists, so it’s not just about replacing your own community. Now it’s about reaching beyond that. “

In the meantime, Adam had previously announced that he was ready to be more “authentic” with his music.

He said, “I wanted to find my own lead. I think I found a more authentic place for myself. It feels like I’m not achieving anything or trying to be everything, I am just me.

“I followed my instincts, I didn’t consult a committee in an office about what is good and what is not good and what I should do. I think I’ve found a new self-confidence, which means I’m proud of the music and I feel very comfortable with it. “

Sarah Hyland ‘cannot wait’ to marry Wells Adam | Leisure

Sarah Hyland “can’t wait” to marry Wells Adams.

So ready to tie the knot with her fiancé after her wedding was postponed due to the coronavirus pandemic, the ‘Modern Family’ star nodded to her upcoming wedding as she marked his birthday with a cute social media post .

She wrote on Instagram: “It’s love for the birthday of my life !!!! Thank you for always dancing silly, singing out loud, laughing contagiously and loving endlessly. I miss you more than words can say and, if it is possible, I love you even more than that. Since we can’t be together, I want everyone to do a classic @wellsadams shimmy to celebrate you! To Pluto and Back Sugar Balls, can’t wait to finally marry you on the day . (sic) “

It comes after Sarah reveals that she has “put her wedding plans on hold” amid the pandemic.

Speaking of the couple’s plans, she said, “We don’t have any plans at the moment. We’ve put all plans on hold. My whole family is mostly on the east coast so they get kicked out … and just age and mine, of course We want to be as safe as possible for health risks. “

Wells admitted they hadn’t bothered to make plans because of the health crisis.

He stated, “There are no plans. I think the thought was that around this time we would originally think about it, and now that this is happening you know why should we even try to solidify anything when everything is so in.” Is okay. ” in the air?”

Queensboro FC Names Sports activities & Leisure Government Adam Schneider As Group President

Schneider is an experienced manager, deal maker and brand manufacturer $ 1 billion Income for sports and entertainment companies such as the Detroit Pistons and the Lollapalooza Music Festival. Before that, Schneider was Head of Entertainment at Palace Sports & Entertainment and managed the Pistons Arena and the three outdoor amphitheaters, in which over 150 events with 1.5 million visitors took place every year. He began his career with a legendary concert impresario Bill GrahamDuring this time, Schneider created the production draft for the Lollapalooza tour, an original model that has been reproduced by numerous leading music festivals to this day.

“We are delighted to have Adam part of the Queensboro FC family and we welcome him back to the world,” said Krane. “Adam’s track record, business acumen and dedication to building diverse teams and partnerships will greatly benefit the development of an innovative sports organization and game-changing fan experience.”

“I look forward to helping Queensboro FC become a benchmark sports and entertainment organization in Queens and New York City“On and off the field,” said Schneider. “The live sports experience together is invaluable and irreplaceable. We want to bring people together to celebrate culture and community through Queensboro FC.”

Schneider earned both his Bachelor of Arts and Master of Business Administration degrees from Columbia University.

For more information on Queensboro FC and the club’s journey to the field, please visit: https://www.queensborofc.com/

ABOUT QUEENSBORO FC
Queensboro FC is the newest professional men’s soccer team in Queens, New York. The club will play in the USL Championship, the top division of the United Soccer League (USL), in the 2022 season. Queens, often referred to as the “Capital of Diversity of the World”, is home to over 2 million people, 150 nationalities and 130 languages ​​in more than 90 different neighborhoods and 100 square miles. With soccer as Queens’ Most Popular Sport – Queensboro FC wants to embrace and unite “the borough of the world” and honor the beautiful game on the streets, in the parks, in the community – and soon on the field in its own stadium. Queensboro FC is more than sport, it’s a movement to unite people around the world. For more information about Queensboro FC, visit: www.queensborofc.com.

MEDIA CONTACT
Jeremy Watkins
[email protected]
+1 (212) 430 5050

Hannah Palacios
[email protected]
+1 (212) 430 5050

SOURCE Queensboro FC

similar links

https://www.queensborofc.com

Mo Amer joins Dwayne Johnson in Black Adam solid | Leisure

Mo Amer has joined the cast of ‘Black Adam’.

The stand-up comedian is the latest star to sign up for Dwayne ‘The Rock’ Johnson’s upcoming comic blockbuster, which starred the former WWE wrestler in the title role alongside Pierce Brosnan, Aldis Hodge, Noa Centineo and Quintessa Swindell is.

As reported by Deadline, Amer has joined the cast, but details of his role are being kept under wraps.

Known for his Netflix comedy special ‘Mo Amer: The Vagabond’ and the sitcom ‘Ramy’, the comedian is also part of the comedy troupe Allah Made Me Funny.

Last month, Johnson took over New York’s Times Square to announce the US release date for the highly anticipated film over the weekend.

The 48-year-old actor and Warner Bros. Pictures confirmed the release date for the film on July 29, 2022.

Alongside a picture from the movie’s billboard in NYC, he teased on Instagram: “A disruptive and unstoppable global force of a message from the Man in Black himself, BLACK ADAM, is coming on July 29, 2022.

“The hierarchy of power in the DC Universe will change. (Sic)”

Filming is scheduled to begin in the coming weeks.

Dwayne previously announced: “We’re about three weeks away from filming Black Adam and I can’t believe we’re on target with this one.”

“And what a trip it was. Actually, I can believe it, considering how hard we’ve worked over the years.”

The Hollywood star first signed up for Black Adam in 2014 after the release of ‘Man of Steel’ and plans to create a DC Extended Universe of Films.

Filming was supposed to start last year but has been delayed due to the coronavirus pandemic.

The release date came after it was revealed that Brosnan was Dr. Set to play Fate, the son of an archaeologist and one of DC’s oldest characters.

You’ll be joined on the set by Hodge, who plays Hawkman, Centineo as Atom Smasher, and Swindell as Cyclone.

Little is known about the plot, although it is expected to share part of the genesis of Black Adam.

Jim Cramer: Adam Aron Is About to Rescue AMC Leisure But Once more


April 01, 2021 | 1:35 p.m. EDT

Share prices in this article:

AMC,

NCLH,

MTN,

IMAX,

GME,

DIS

Adam Aron deserves the title of Houdini, if you don’t know Adam, he’s the turnaround CEO who believe has saved movie giant AMC Entertainment (AMC) from bankruptcy five times since the COVID pandemic began, the last time because he asked shareholders for more Approve 500 million shares and …

Stay ahead of the market with Real Money where you can get actionable investment ideas from over 30 investment professionals, money managers, journalists and analysts selected by Jim Cramer. Already a subscriber? You’re welcome registration

NBA Commissioner Adam Silver helps new league that pays excessive schoolers $100,000

National Basketball Association commissioner Adam Silver supports the new high school league, which gives young players at least $ 100,000.

Silver spoke to the media this weekend to release his annual update on the NBA, the day before the 2021 All-Star Game takes place in Atlanta. The NBA boss discussed media companies Overtime new basketball league (Overtime elite) for 16 to 18 year olds.

“I think it is generally good for the community to have optionality, especially when they are very solid people, which it appears to be [OTE], support it and behind it, “said Silver.” That’s one thing we’ll be paying a lot of attention to because these players may be the future of our league. “

On Thursday, OTE announced it would start in September and pay up to 30 players at least $ 100,000 if they choose to join. The league is backed by overtime investors, including NBA stars Kevin Durant and Carmelo Anthony, and venture capital company Andreessen Horowitz.

Silver said he had “no objection to paying young people” any other way than turning professional and skipping the NCAA.

An overtime logo on a basketball court

Source: overtime

“We formed Team Ignite in the G League to give players the opportunity not to go to college and become professionals,” said Silver. “You can go straight to the G League and be well compensated.”

The NBA requires a player to be 19 years old before entering the league. The Ignite program is designed for people who want to skip college but are not yet eligible. Ignite players will earn approximately $ 200,000 to $ 500,000 while waiting to be eligible. Silver said the NBA could change their eligibility rule in the next collective agreement, but for now the NBA will oversee the OTE.

“It’s good for the game,” said Silver. “It’s more focused on the game, especially everything that’s happening on digital media right now; social media, new streaming services. There’s definitely interest in this content, so let’s pay attention.”

Back to regular business in the fall

On the call, Silver also mentioned that the NBA is expecting a return to its regular schedule for the 2021-22 season with full arenas. The NBA cut their schedule to 72 games this season due to the effects of Covid-19, but would like to return to an 82 game season.

“It remains planned to continue our season as normally as possible next year,” said Silver, adding that he was “pretty optimistic” that the league will start in October. “If vaccines are used against the virus and its variants as quickly as before and continue to be as effective as we are, we hope that we will have relatively full arenas next season as well.”

NBA Commissioner Adam Silver

Stacy Revere | Getty Images

When asked by CNBC to provide a financial update on the NBA, which suspended games almost a year ago due to the pandemic, Silver was optimistic. He said the league was “happy to work in the circumstances” despite the lack of it 40% of its sales limited with fans.

“The league’s long-term health is very solid,” said Silver. “We are seeing significant losses between last year and this year. I generally do not speak publicly about this because the teams are largely privately owned and we are not suggesting that this is anyone else’s problem than ours.”

“But last season and this season, the team owners have had to make significant investments – they accept that,” Silver continued. “The players will receive a salary cut this season because they are partners of the teams and the league in terms of revenue.”

The NBA missed sales forecasts by $ 1.5 billion due to Covid-19 Associated Press. With the resumption of the games last July and the conclusion of the 2020-21 campaign, the company was able to ward off massive losses. Should it resume normal operations for 2021-22, Silver said all NBA players would not need any vaccinations.

“I don’t see every player who needs vaccination as an obstacle to fans returning to the arena,” said Silver. “I don’t think anymore that the fact that not every fan is vaccinated is an obstacle to fans returning to the arena.”

Men walk past a poster at an NBA exhibition in Beijing, China on October 8, 2019.

Jason Lee | Reuters

NBA-China Business Update

When asked about the affairs of the NBA in China, Silver suggested that the business be carried out as usual.

“Our business continued there,” said Silver. “We have hundreds of millions of fans in China and we see it as our business to serve those fans.”

NBA team leader Daryl Morey 2019 Twitter Support comments Protesters in Hong Kong began the rift with China. Morey’s action resulted in China suspending NBA games on CCTV and streaming platform Tencent also restricted NBA content. The media outlets returned NBA games during the finale.

During the 2020 All-Star Game, Silver initially suggested that the feud could lead to an outcome $ 400 million loss. The NBA was evaluating their business in China over $ 5 billion following a $ 1.5 billion media rights deal with Tencent in 2019.

“Our values ​​remain the same and our business continues,” said Silver. “And it’s mostly about exporting American basketball and the culture that goes with it to China.”