Get the latest gossip
AMC Theatres Chief Adam Aron Projects ‘Bright Future’ for Cinemas With Massive Upgrades, Talks Debt Extension
Adam Aron, CEO of AMC Theatres, is optimistic both for the future of theaters and for his own company's financial stability.
After a wild year of bankruptcy speculation, debt repayment extensions, revised credit ratings and a few billion dollars in box office earnings, the eternal theatrical optimist was ready to celebrate at Variety ‘s annual Entertainment and Technology Summit in West Hollywood on Thursday. “I’m a relieved human being,” said Aron during his keynote conversation at the thought leadership conference sponsored by City National Bank, referring to the five-year extension he won from lenders this summer. AMC’s credit rating was raised by S&P Global in August, but analysts are still wary of the economic headwinds facing the movie theater business – and the $4.5 billion in long-term debt that Aron’s shop is carrying.
Or read this on Variety
