What is going on with AMC?
AMC Entertainment Holdings, Inc. (AMC) announced today that as a result of tickets going on sale for SPIDER-MAN: NO WAY HOME on Monday, Nov. 29, AMC experienced its second busiest ticket sales day for a single movie title in the company’s entire history.
It also was the single busiest ticket sales day since AMC locations started their reopenings during the summer of 2020, from their initial coronavirus closings in March of 2020.
Shares of AMC increased 1.03% to $34.27 as of Wednesday at 10:22am.
What does this mean for AMC Entertainment?
Although AMC's ticket sales surge can partially be attributed to pent-up demand for movies as theaters reopen, a key driver of the sale was the collaboration between AMC and Sony Pictures, who partnered to offer the first ever NFT promotion by a major theatrical exhibitor.
A limited quantity of up to 86,000 NFTs were made available for AMC Stubs Premiere, A-List and Investor Connect members, with one NFT being given per qualifying member.
To qualify, members had to be among the first 86,000 to purchase their opening day tickets (or in the case of AMC Stubs A-List members who were the first to reserve their seats), at any and all U.S. AMC Theatres locations.
The Spider-Man NFT will be available to be redeemed on WAX, the first certified carbon-neutral blockchain.
SPIDER-MAN: NO WAY HOME opens exclusively in theaters on December 16.
AMC has a Short-Term Technical Rank of 74. Find out what this means to you and get the rest of the rankings on AMC!
AMC Entertainment Holdings Inc is involved in the theatrical exhibition business. It owns, operates or has interests in theatres located in the United States and Europe. It provides best-in-class amenities such as plush, power recliners, MacGuffins full bars, AMC Dine-In Theatres, premium presentation. The group operates in U.S. markets and International markets.
