AMC Battles the Streaming Trend. Its Biggest Weapon May Be the Meme Crowd.

AMC Battles the Streaming Trend.  Its Biggest Weapon May Be the Meme Crowd.

Elias Stein Text size The morning after streaming won big at the Academy Awards, shares of a movie theater chain— AMC Entertainment—surged 45%, driven by CEO Adam Aron’s efforts to create a future beyond, well, theaters. In mid-March, Aron caught Wall Street off guard with a $27.9 million stake in Hycroft Mining Holding, which owns … Read more

AMC CEO Adam Aron just bought a meme stock gold mine for his meme stock movie theater company

AMC CEO Adam Aron just bought a meme stock gold mine for his meme stock movie theater company

When Adam Aron promised investors on a November 2021 earnings call that he was going to take his “war chest of equity capital” and “think differently about our future,” it’s difficult to fathom they ever imagined he’d announce months later that he had spent millions on a literal mine, and not even one that produces … Read more