AMC shares rose 7% in premarket trading.
Tiger Newspress2021-08-10
AMC shares rose 7% in premarket trading.
AMC Entertainment reported a narrower than expected loss for the second quarter while revenue topped estimates.
AMC will begin accepting apex cryptocurrency Bitcoin as payment for move tickets and concessions by the end of this year.
“By year end, we will have the information technology system in place to accept Bitcoin as payment for movie tickets and concessions if purchased online at all of our U.S. theatres,” AMC Entertainment CEO Adam Aron said on the Q2 earnings call on Monday.
Aron added that AMC Entertainment is in the preliminary stages of exploring how else the company can participate in the new “burgeoning cryptocurrency universe.”
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