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LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Entertainment Holdings, Inc. ("AMC" or "the Company"), one of the world's leading theatrical exhibition companies and an industry leader in innovation and operational excellence, today reported results for the third quarter, which ended September 30, 2014.

Highlights for the quarter include the following:

Total revenues were $633.9 million compared to total revenues of $696.0 million for the three months ended September 30, 2013.
Admissions revenues were $417.4 million compared to $467.0 million for the quarter ended September 30, 2013. Average ticket price increased 5.3% to $9.48.

Food and beverage revenues were $189.1 million, compared to $201.6 million for the quarter ended September 30, 2013. Food and beverage revenues per patron increased 10.3% to $4.29, representing the highest in the history of the Company.

Earnings from continuing operations were $7.4 million compared to $33.9 million for the three months ended September 30, 2013, and diluted earnings per share from continuing operations was $0.08 compared to $0.45 for the three months ended September 30, 2013.

Adjusted EBITDA(1) was $90.1 million compared to $118.3 million for the three months ended September 30, 2013.

Net earnings were $7.4 million compared to $33.5 million for the three months ended September 30, 2013 and diluted earnings per share was $0.08 compared to $0.44 for the three months ended September 30, 2013.

"We are pleased to see continued positive results from the ongoing execution of our five strategic action fronts, even as we effectively navigate through a challenging film year," said Gerry Lopez, AMC president and chief executive officer. "Our initiatives are delivering innovation, additional revenue opportunities, improved profit flow-through and better-than-industry results. There is no better evidence than the 10.3% increase in food and beverage revenues per patron during the quarter. In addition, we are energized by the continued year-over-year increases in our reseated theatres. This portion of our fleet, now 48 theatres strong, experienced an impressive 14.3% year-on-year improvement in admissions revenues per screen during the September quarter of 2014, compared to an industry decline of 12.6%."

Mr. Lopez concluded, "As we head into the last quarter of the year and look out to 2015, we believe that our industry leading innovations will continue to contribute to our results, along with an expected stronger slate of movies in the months ahead."

(1) (Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release.)

About AMC Entertainment Holdings, Inc.

AMC (NYSE:AMC) is the guest experience leader with 344 locations and 4,959 screens located primarily in the United States. AMC has propelled innovation in the theatrical exhibition industry and continues today by delivering more comfort and convenience, enhanced food & beverage, greater engagement and loyalty, premium sight & sound, and targeted programming. AMC operates the most productive theatres in the country's top markets, including No. 1 market share in the top three markets (NY, LA, Chicago).

 

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By Daniel Garris

John Wick took in $1.30 million on Monday to lead the daily box office for the first time. The Keanu Reeves led action thriller from Lionsgate was down 64 percent from Sunday. That represented the day's strongest daily percentage hold among wide releases. John Wick continues to perform on the high end of expectations with a four-day start of $15.72 million. That places the film 17 percent ahead of the $13.47 million four-day take of 2008's Street Kings. John Wick has received a nice boost from strong IMAX sales.

Sony's Fury finished in a close second place with $1.19 million. The David Ayer directed World War II film starring Brad Pitt fell 67 percent from Sunday and a sharp 50 percent from last Monday. Fury has grossed $47.59 million in eleven days and is on course to surpass the $50 million domestic mark on Wednesday. The film is currently running 2 percent ahead of the $46.58 million eleven-day take of Sony's The Monuments Men earlier this year.

Universal's Ouija was down 73 percent and two spots from Sunday to place in third on Monday with $1.04 million. In the process, low-budget PG-13 horror film from Platinum Dunes surpassed the $20 million mark yesterday. Ouija has grossed a solid $20.92 million in four days. That is on the lower end of pre-release expectations and places the film 22 percent ahead of the $17.17 million four-day start of last year's Carrie.

Fox's Gone Girl claimed fourth place with $0.88 million. The critically acclaimed David Fincher directed film starring Ben Affleck was down 67 percent from Sunday and down 40 percent from last Monday. With a 25-day take of $124.91 million, Gone Girl is now on the verge of surpassing the $127.51 million final domestic gross of 2008's The Curious Case of Benjamin Button to become the highest grossing film of Fincher's career (without adjusting for ticket price inflation).

The Weinstein Company's St. Vincent rounded out Monday's top five with $0.62 million. The low-budget comedy starring Bill Murray and Melissa McCarthy fell 66 percent from Sunday. St. Vincent has grossed $9.499 million to date and is set to surpass the $10 million mark today.

The Book of Life followed in sixth place with $0.51 million. The modestly budgeted 3D computer animated film from Fox was down 84 percent from Sunday and down 39 percent from last Monday. The eleven-day total for The Book of Life stands at $30.67 million, which is towards the lower end of expectations.

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Boca Raton, FL -- MovieTickets.com, a leading destination for the purchase of advance movie tickets, has modernized the way moviegoers buy tickets and enter theaters with a re-imagined mobile movie ticket that turns a smartphone into a ticket. The ticket can be quickly and easily validated by movie theater employees without the use of costly scanners. The solution allows moviegoers the convenience of skipping the ticket redemption process altogether. The company expects to pilot the technology before the end of the year.

The next generation mobile ticket, which will be available exclusively for MovieTickets.com customers, was developed in partnership with Bytemark. The pair leveraged Bytemark's patented V3 (visually verifiable virtual ticket) technology in order to create the new mobile movie ticket experience. The technology is currently being successfully used today in the transit space with The NY Waterway in New York City, The South Shore line in Chicago, and Cap Metro in Austin Texas.

Joel Cohen, CEO of MovieTickets.com, stated, "Our new mobile ticket is a game changer. Not only will this make going to the movies more enjoyable for audiences, but it will also deliver enormous value to our exhibitor partners. This is another innovation that supports our commitment to providing customers with a convenient way of purchasing tickets with a streamlined process that demonstrates ease and security."

Micah Bergdale, CEO of Bytemark, added, "Bytemark develops best-in-class mobile ticketing technologies. Through our partnership with MovieTickets.com, we have an incredible opportunity to showcase our V3 ticketing solution in the many markets where MovieTickets.com is an established brand and bring mobile ticketing to a whole new audience. In the months and years to come, we look forward to working closely with MovieTickets.com to bring new innovations to filmgoers everywhere.

The new process is completed in three simple steps: Users purchase a ticket, a virtual ticket is delivered securely to a mobile device, and moviegoers go directly to the ticket taker. The ticket is visually validated by the theater staff who will identify embedded security features uniquely customized to the film or the theater itself. Each ticket has several security features that include animated watermarks, touch animations and color changes. These security features can be changed as often as once per showtime and are concealed from users until the tickets are activated prior to the performance. This new technology will also include a virtual "tear" feature that will allow a user's mobile device to act as their ticket stub during their visit to the theater.

For more information on the V3 mobile ticket and to sign up to receive notification of when V3 will be available in your area, please visit http://www.movietickets.com/v3.

 

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Boca Raton, FL, and New York, NY -- MovieTickets.com, a leading destination for the purchase of advance movie tickets, and TouchTunes, the largest in-venue entertainment and engagement platform in over 60,000 bars and restaurants across North America, today announced an exclusive partnership to provide film studios a new way to promote movie releases and ticket sales.

For film and entertainment studios looking to directly promote upcoming releases, the partnership offers valuable awareness and amplified ticket sales. Through branded interactive content, powered by MovieTickets.com ticketing capabilities, moviegoers are able to learn about new releases and purchase tickets through TouchTunes' interactive jukebox displays and its mobile application.

"TouchTunes' interactive technology provides another innovative way for us to extend our brand to millions of potential customers across the US and Canada," said Joel Cohen, CEO of MovieTickets.com. "Our partnership was a natural fit to provide those who use TouchTunes to easily access entertainment options with the leading service MovieTickets.com provides."

"TouchTunes' network of 60,000 location offers brands the unique ability to connect with millions of socially engaged patrons on a national or geo-targeted level," said Jim Wilson, Chief Operating Officer at TouchTunes. "In talking to our consumers, we know that nearly half go to the movies at least once a month and many decide what movie to see shortly before heading to the theater. Our partnership with MovieTickets.com offers tremendous, cross-device opportunities for film studios fighting to win the attention and dollars of the millions of consumers seeking entertainment options."

TouchTunes is a highly scalable engagement platform that provides advertisers with the ability to interact with consumers in environments where they are more receptive to absorbing and responding to brand messages. In August 2014, TouchTunes worked with Twentieth Century Fox to promote "Let's Be Cops," starring Jake Johnson and Damon Wayans, Jr. Utilizing TouchTunes' on premise screens and mobile app, the studio featured the film's movie trailer at targeted locations nationwide, and also offered patrons a chance to win a trip to Los Angeles to attend the movie premiere. As a result, Twentieth Century Fox was able to generate millions of valuable impressions for the film while also capturing consumer e-mail data for future promotion and communications. The campaign with Twentieth Century Fox follows successful promotions with Lionsgate and Starz.

 

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mockingjaylongrange.pngLOS ANGELES (Oct. 27, 2014) - Fandango, the nation's leading moviegoer destination, announced today that starting Wednesday, October 29 at 9 am PT/12 Noon ET, advance tickets will go on sale at Fandango.com/HungerGames for Lionsgate's "The Hunger Games: Mockingjay - Part 1," the year's most anticipated movie, according to Fandango fans.

To celebrate the ticket-on-sale date, fans who purchase "The Hunger Games: Mockingjay - Part 1" tickets on Fandango within the first 24 hours will be automatically entered into a sweepstakes for a chance to attend the world premiere in London on November 10. All purchases during the first 24 hours will receive a free movie download on VUDU of the previous blockbuster in the series, "The Hunger Games: Catching Fire." See official rules on Fandango for prize details, approximate retail values and free alternate means of sweepstakes entry at http://tickets.fandango.com/promo/mockingjaylondonrules.

Also on Fandango, fans with an artistic streak can enter Fandango's "The Hunger Games: Mockingjay - Part 1" Fan Art Contest. The winning artist will win one thousand dollars' worth of Fandango movie tickets and the winning art will be featured on a Fandango "Hunger Games" gift card. The contest can be found on Fandango's Tumblr page (fandango.tumblr.com ) and ends November 4 at 12 noon PT. Lionsgate and Fandango will select the winning artwork, which will be announced on November 14.

"The excitement is building as we get closer to the first day of ‘Mockingjay' presales, as Tributes get ready to scoop up their advance tickets weeks before the film opens," says Fandango Chief Correspondent, Dave Karger. "The anticipation is through the roof, as ‘Mockingjay' follows Katiniss Everdeen's emotional journey beyond the Arena, and fans can't wait to see the action-packed events realized on the big screen."

Also on October 29, Fandango is launching "'The Hunger Games Guide" destination at Fandango.com/HungerGames, featuring exclusive "Mockingjay" movie trailers and clips with Jennifer Lawrence, plus fun film facts, movie trailers, fan polls, new "Mockingjay" gift cards, the Ultimate Katniss Mash-Up, and "The Hunger Games" Character Guide for the uninitiated.


About Fandango
Fandango, the nation's leading moviegoer destination, sells tickets to more than 25,000 screens nationwide. Fandango entertains and informs consumers with reviews, commentary, celebrity interviews and trailers, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance. For many theaters, fans can print their tickets at home or receive them as a paperless Mobile Ticket on their smartphones. Fandango's top-ranking movie ticketing apps, with more than 44 million downloads, are available on the iPhone and iPad, Android, and many other platforms. Fandango is enjoyed by more than 30 million online and mobile visitors each month, according to comScore. Film fans also find Fandango on Facebook at www.facebook.com/fandango and on Twitter @Fandango.

About "The Hunger Games: Mockingjay - Part 1"
The worldwide phenomenon of The Hunger Games continues to set the world on fire with The Hunger Games: Mockingjay - Part 1, which finds Katniss Everdeen (Jennifer Lawrence) in District 13 after she literally shatters the games forever. Under the leadership of President Coin (Julianne Moore) and the advice of her trusted friends, Katniss spreads her wings as she fights to save Peeta (Josh Hutcherson) and a nation moved by her courage. The Hunger Games: Mockingjay - Part 1 is directed by Francis Lawrence from a screenplay by Danny Strong and Peter Craig and produced by Nina Jacobson's Color Force in tandem with producer Jon Kilik. The novel on which the film is based is the third in a trilogy written by Suzanne Collins that has over 65 million copies in print in the U.S. alone.

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