It was a year of pain for the entertainment industry and shareholders of (many) media companies with brutal months-long Hollywood strikes, and layoffs. Linear television continued to decline and a nascent theatrical recovery went sideways. Most CEOs saw pay packages rise in 2023, some by big multiples. “The pay is egregious, but it is something … Read more
AMC Entertainment chief executive Adam Aron saw a 2023 compensation package of $25.4 million — up from $23.7 million a year ago – inflated by stock awards worth $17.9 million along with a cash bonus of $6 million bonus and a $1.5 million base salary. In a proxy statement filed with the SEC, the compensation … Read more
Popcorn buckets are pictured during the “Taylor Swift: The Eras Tour” concert movie world premiere at AMC The Grove in Los Angeles on Oct. 11, 2023. Valerie Macon | AFP | Getty Images Move over, Nicole Kidman. AMC has some new patron saints. In the final three months of 2023, AMC saw revenue increase 12%, … Read more
Adam Aron and the AMC Entertainment board have agreed to reduce the CEO’s target compensation by 25% this year, he said, as he’s bombarded with hostility by the theater chain’s large group of retail shareholders angry at the sinking stock. It means the target amount that he’d be eligible for would be lower. Aron didn’t … Read more
“Ain’t gonna let nobody make me take my chair home. God made me. I belong here. I got a right to a seating’s the place. The only time you can take my chair is when I die and go to heaven. Until then I’m fighting.” That was Rev. Dr. William Barber at a press conference … Read more
Rev. Dr. William J. Barber II has sat with presidents, he’s marched with Jesse Jackson and he’s been arrested in peaceful protests for voting rights and higher wages, but his recent experience at the AMC Fire Tower 12 was new to him. The civil rights leader, at the Greenville, N.C. theater with his 90-year-old mother to … Read more
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