AMC CEO Says 'We're Still Here': How Taylor Swift, Popcorn Buckets Help Movie Theater From Going 'Kaplooey'

Benzinga ·  May 25 00:35

Movie theater companyAMC Entertainment Holdings(NYSE:AMC) was one of several meme stocks that saw high volatility recently with the return ofRoaring Kittyon social media.

In an interview, AMC CEOAdam Aronshared the path forward for the company with a high debt load and struggling movie sector recovering from the COVID-19 pandemic and Hollywood strikes.

What Happened:AMC, which recently reported first-quarter financial results, said that the impact of the Hollywood strikes could hurt second-quarter results.

Despite a heavy debt load, Aron avoided using the word bankruptcy.

"We're still here," Aron told Variety...

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