AMC Boss Adam Aron At CinemaCon: 2025 Box Office & Beyond Looks Bright, Theater Closures Are “Natural Pruning Of The Fleet”, But New Cinemas Are More Profitable
deadline.comAMC CEO Adam Aron continued to pour cold water on any notion that his No. 1 circuit is headed for Chapter 11. “Bankruptcy is a terrible word,” said Aron on a CinemaCon Industry Think Tank Panel which also included Bill Kramer, CEO, Academy of Motion Picture Arts & Sciences, as well as Cathleen Taff, President, Distribution, Franchise & Audience Insights, The Walt Disney Studios.
The session was moderated by Puck’s Matt Belloni. “I’m paid so that people don’t get hurt, my retail shareholders,” the CEO said, “(My job) is to find a path that they get helped and not hurt.
There’ a lot of pain that comes with the bankruptcy process.” Aron emphasized that in bankruptcy “shareholders get hurt, employees get hurt, communities get hurt, and my job is that I have a fiduciary obligation that these constituencies don’t get hurt.” One issue discussed is whether the domestic box office moving forward is an $8 billion industry or is it an $10M billion one.
Because the difference of $2 billion signifies companies going out of business. Aron is bullish that the box office in 2025 and 2026 will return to pre-pandemic form.
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