AMC Entertainment Inc.: The movie theater chain...
- Share via
AMC Entertainment Inc.: The movie theater chain posted a record profit of $7.3 million, contrasted with a net loss of $3.3 million a year ago. Revenue for the Kansas City, Mo.-based company totaled $135 million, about the same as a year ago. Record summer box office results, combined with reduced debt and improved margins were credited for record profit, while revenue was affected by the sale of 375 theater screens to TPI Entertainment and the sale of AMC’s United Kingdom operation. The TPIE theaters continue to be operated by AMC for a fee.
More to Read
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.