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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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Comment43

  • Bibop
    ·2021-08-12
    So smart. 
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  • EY12
    ·2021-08-12
    Like
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    • EY12
      hi
      2021-08-12
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  • koolgal
    ·2021-08-12
    Hurray for AMC!  Superb idea to collaborate with Gamestop! ??????
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    • koolgalReplying to___ _
      Thank you.  You too. ?
      2021-08-12
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    • ___ _Replying tokoolgal
      pretty kool ape [得意]
      2021-08-12
      Reply
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    • ___ _Replying tokoolgal
      surpriseeee [开心]
      2021-08-12
      Reply
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    View more 2 comments
  • Upupupnaway
    ·2021-08-11
    Nice 
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  • Mk88
    ·2021-08-11
    Like, comment and share
    Reply
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    • Alkid
      Done
      2021-08-12
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    • XiuJ
      Ok
      2021-08-12
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  • tcyong
    ·2021-08-11
    ?
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  • WCS1981
    ·2021-08-11
    Interesting
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  • PhilipGoh
    ·2021-08-10
    ????
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  • Gbear9
    ·2021-08-10
    Let’s go AMC
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  • JeffreySeow
    ·2021-08-10
    Welcome to our future currency.... 
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    • WCS1981
      Good move
      2021-08-11
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    • cweida
      agree!
      2021-08-11
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  • WilliamTeo
    ·2021-08-10
    To the sun
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  • KTran
    ·2021-08-10
    ??? this week 
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  • Toni1977
    ·2021-08-10
    Super like. 
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  • BibiLoh
    ·2021-08-10
    Nice! 
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  • Glenn101
    ·2021-08-10
    Super like and comment
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    • Glenn101
      Ok
      2021-08-10
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  • SanWangtikup
    ·2021-08-10
    ? ? 
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  • Tamashii
    ·2021-08-10
    Just said you accept bitcoin! Your stock will up like tesla! Haha
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  • Daveb
    ·2021-08-10
    I strongly suspect that by engaging with crypto AA is sending short sellers a strong message that crypto dividends will also be on the horizon. Yes AMC has some more debt to retire however issuing bonds to existing shareholders rather than issuing more shares may well be a way for AA to acheive that and with the supprt of 4M retail investors. Of course GME is already debt free and is working on crypto dividends as I write. If SEC does not move to stop the illegal shorting then a crypto dividend will. ???✊? Stay the course fellow traders. We are certainly winning.
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    • Tamashii
      lets see!
      2021-08-10
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  • money2me
    ·2021-08-10
    to da moon this week ???
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  • Pixiestars
    ·2021-08-10
    Nice! Accepting crypto will help to increase revenue since bitcoin is so volatile. 
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