AMC Theatres Makes History with Record-Breaking Admissions Revenue

AMC Empire 25 theater on 42nd Street closed during COVID-19 lockdown, Wednesday, May 13, 2020, in New York. AMC Theatres made company history with highest single-week admissions revenue record. | © Evan Agostini, Invision, Associated Press

In a groundbreaking week for the company, AMC Theatres achieved its highest-ever admissions revenue during the period from July 21 to July 27. The success can be attributed to the highly-anticipated releases of “Barbie” and “Oppenheimer,” which garnered immense attention from moviegoers. Additionally, contributions from other blockbuster hits like “Mission: Impossible” and “Sound of Freedom” further boosted ticket sales.

The Barbenheimer Phenomenon: An Unprecedented Success

Both “Barbie” and “Oppenheimer” proved to be the most anticipated movies of the summer, as declared by The Deseret News. The buzz surrounding these films, often referred to together as Barbenheimer, drove a massive audience to AMC Theatres nationwide.

AMC’s chairman, Adam Aron, expressed his excitement over the overwhelming response, stating, “The monumental success of ‘Barbie’ and ‘Oppenheimer’ has the entire movie and movie theaters industry abuzz, with discussions of new records and new benchmarks being realized seemingly wherever you turn.”

Setting New Records across 65 U.S. Locations

This historic week for AMC Theatres also set records at 65 of its locations across the United States, including 13 theaters in the bustling city of Los Angeles. Such widespread achievements highlight the strong presence of AMC Theatres and its ability to draw audiences to the big screen.

Gratitude to Hollywood and the Moviegoers

Aron expressed his gratitude towards the film industry for releasing a plethora of hit movies that graced their theaters, particularly over the past few months. He acknowledged the efforts of studios, filmmakers, cast, and crew, attributing their collective work to the astounding success.

The Evolution of Movie Theaters

While the total number of movie theater screens has decreased since 2019, reports from CNBC indicate that movie theaters are far from dying out. Instead, they are undergoing an evolution to meet the changing demands of audiences. According to Rolando Rodriguez, chairman of the National Association of Theatre Owners, the landscape of movie theaters is repositioning itself, moving away from massive 30-plexes to more selective and diverse offerings.

AMC’s Chairman, Adam Aron, echoed a similar sentiment, saying, “Achieving the most admissions revenue in a single week at AMC’s storied 103-year history is a testament to the moviegoing audience, who has demonstrated once again that they are ready, willing, and eager to come out to movie theaters in huge numbers. Thank you to our guests for choosing AMC Theatres in the U.S. and ODEON Cinemas abroad.”

AMC Theatres’ recent milestone of attaining its highest single-week admissions revenue in the company’s history showcases the enduring allure of the movie theater experience. The success of “Barbie” and “Oppenheimer,” along with other blockbuster hits, has proven the resilience and appeal of AMC Theatres as a preferred destination for movie enthusiasts. As the movie theater industry continues to evolve, AMC Theatres remains committed to providing exceptional cinematic experiences for audiences nationwide.