Excuse my brief notes! 🚀
- Ten new theatres possible including the LA theatres.
- Dozen new build theatres worldwide being finished after COVID
- New investors wanted live events and that is happening. 2 UFC events had significant attendance. Concerts coming soon! Halsey/Chance the Rapper. Board member helping with live gaming events. Possible GameStop opportunity!
- Crypto. Arkit quantum crypto? Got lost here but he’s on a SPAC and had has learned all about blockchain and he will take Bitcoin for movie tickets. More exploration in crypto! Further serious involvement.
- New programming will also take Apple Pay and google pay by year end.
- New shareholder Investor Connect program has had 300k Stubs members enroll. New advance screenings coming.
- Twitter - His tweets have been read more than 72 Million times and he’s following 2k people interested in AMC.
- Labor costs are increasing and 5% ticket cost increase was implemented in many US theatres.
- Exclusive theatrical windows- Universal agreement turned out well and he’s pleased - they are very close now. Announced formal agreement with WB in calendar year 2022 for all WB films (45 day rights). In dialogue with all major studios.
- Board of Directors discussed insiders maintaining significant ownership in the company. This is already in place for board but not the 19 current Execs. New policy will propose he holds 8 years worth his salary in stock (value) in AMC at any given time. Different numbers of years were named for various positions. AA has still sold no shares and commits to not sell any in September when he is legally able to do so. He is going to start a standard retirement planning program to start selling his shares because he is 67 and this is a very normal process for those near retirement. He will not participate in the choices regarding when the shares are sold.
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