The Financial and Strategy Analysis of Cinema Industry, A Case Study of AMC

Research Article
Open access

The Financial and Strategy Analysis of Cinema Industry, A Case Study of AMC

Yacheng Qiu 1*
  • 1 University of California    
  • *corresponding author yacheng_qiu@ucsb.edu
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/14/20230839
AEMPS Vol.14
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-71-3
ISBN (Online): 978-1-915371-72-0

Abstract

This paper discusses the impact of Covid-19 on the movie theaters, as a representative of the conventional service/entertainment business, forecast the future trends of such cinematic enterprises in the post-pandemic period, and evaluate how effective cash management can boost the growth and survival of businesses in this area. This paper will specify the case study of AMC entertainment, an American movie theater chain that has the largest share of the U.S. theater market and use it as a representative of cinematic enterprise to evaluate the industry. This paper would start with an introduction to the broad context, and the background of the narrow context of this case study, following with the data and financial analysis of AMC, the predictions of AMC’s performance in the post-pandemic era, the indications from this case study to the entire industry, and closes with conclusion and references. This paper may provide some implications to the management, investors, creditors, and general consumers in the movie theatre industry.

Keywords:

cash management, financial report analysis, case study, movie theaters industry, Covid-19 and entertainment business

Qiu,Y. (2023). The Financial and Strategy Analysis of Cinema Industry, A Case Study of AMC. Advances in Economics, Management and Political Sciences,14,289-296.
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References

[1]. Personal Website of Professor Jim Wilcox, http://faculty.haas.berkeley.edu/wilcox/?_ga=2.206449424.2080349664.1664168495-179347176.1664168495, last accessed 2022/09/18.

[2]. AMC Theatres. (2020) Exciting news from AMC Theatres. https://www.amctheatres.com/covid-19-update, last accessed 2022/09/18.

[3]. AMC Entertainment Holdings, Inc. Form 10-K 2021. March 1, 2022. U.S Securities and Exchange Commission. Retrieved on August 30, 2022. Retrieved from https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000155837022002577/am c-20211231x10k.htm

[4]. AMC Entertainment Holdings, Inc. Form 10-K 2019. February 28, 2020. U.S Securities and Exchange Commissi-on. Retrieved August 30, 2022. Retrieved from https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157920000027/am c -20191231x10k.htm

[5]. AMC Entertainment Holdings, Inc. Form 10-K 2017. March 1, 2022. U.S Securities and Exchange Commission. Retrieved on August 30, 2022. Retrieved from https://www.sec.gov/Archives/edgar/data/1411579/0001411579180000 14/c 579-201712 31x10k.htm, last accessed 2022/09/18.

[6]. Yahoo Finance, https://finance.yahoo.com/chart/AMC, last accessed 2022/09/18.

[7]. New York Times. AMC cashes in on meme stock mania, raising $587 million. June 3, 2021. Retrieved on September 18, 2022. Retrieved from https://www.nytimes.com/2021/06/03/business/amc-meme-stock.html

[8]. CNBC. How AMC rode the meme stock rally to revitalize its business. January 26, 2022. Retrieved on September 18, 2022. Retrieved from https://www.cnbc.com/2022/01/26/how-amc-rode-the-meme-stock-rally-to-revitalize-its-business.html

[9]. Wall Street Journal. Cineworld files for Chapter 11 after sluggish ticket sales. September 7, 2022. Retrieved on September 18, 2022. Retrieved from https://www.wsj.com/articles/sluggish-ticket-sales-drag-regal-owner-cineworld-into-chapter-11-11662562917?page=1

[10]. Wall Street Journal. AMC in advanced talks to refinance debt as meme stock luster fades. January 25, 2022. Retrieved on September 18, 2022. Retrieved from https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?page=2

Cite this article

Qiu,Y. (2023). The Financial and Strategy Analysis of Cinema Industry, A Case Study of AMC. Advances in Economics, Management and Political Sciences,14,289-296.

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About volume

Volume title: Proceedings of the 2nd International Conference on Business and Policy Studies

ISBN：978-1-915371-71-3(Print) / 978-1-915371-72-0(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.confbps.org/
Conference date: 26 February 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.14
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Personal Website of Professor Jim Wilcox, http://faculty.haas.berkeley.edu/wilcox/?_ga=2.206449424.2080349664.1664168495-179347176.1664168495, last accessed 2022/09/18.

[2]. AMC Theatres. (2020) Exciting news from AMC Theatres. https://www.amctheatres.com/covid-19-update, last accessed 2022/09/18.

[3]. AMC Entertainment Holdings, Inc. Form 10-K 2021. March 1, 2022. U.S Securities and Exchange Commission. Retrieved on August 30, 2022. Retrieved from https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000155837022002577/am c-20211231x10k.htm

[4]. AMC Entertainment Holdings, Inc. Form 10-K 2019. February 28, 2020. U.S Securities and Exchange Commissi-on. Retrieved August 30, 2022. Retrieved from https://www.sec.gov/ix?doc=/Archives/edgar/data/0001411579/000141157920000027/am c -20191231x10k.htm

[5]. AMC Entertainment Holdings, Inc. Form 10-K 2017. March 1, 2022. U.S Securities and Exchange Commission. Retrieved on August 30, 2022. Retrieved from https://www.sec.gov/Archives/edgar/data/1411579/0001411579180000 14/c 579-201712 31x10k.htm, last accessed 2022/09/18.

[6]. Yahoo Finance, https://finance.yahoo.com/chart/AMC, last accessed 2022/09/18.

[7]. New York Times. AMC cashes in on meme stock mania, raising $587 million. June 3, 2021. Retrieved on September 18, 2022. Retrieved from https://www.nytimes.com/2021/06/03/business/amc-meme-stock.html

[8]. CNBC. How AMC rode the meme stock rally to revitalize its business. January 26, 2022. Retrieved on September 18, 2022. Retrieved from https://www.cnbc.com/2022/01/26/how-amc-rode-the-meme-stock-rally-to-revitalize-its-business.html

[9]. Wall Street Journal. Cineworld files for Chapter 11 after sluggish ticket sales. September 7, 2022. Retrieved on September 18, 2022. Retrieved from https://www.wsj.com/articles/sluggish-ticket-sales-drag-regal-owner-cineworld-into-chapter-11-11662562917?page=1

[10]. Wall Street Journal. AMC in advanced talks to refinance debt as meme stock luster fades. January 25, 2022. Retrieved on September 18, 2022. Retrieved from https://www.wsj.com/articles/amc-in-advanced-talks-to-refinance-debt-as-meme-stock-luster-fades-11643121676?page=2

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