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Afraid of going bankrupt, AMC starts accepting cryptocurrencies

Afraid of going bankrupt, AMC starts accepting cryptocurrencies



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  1. tldr; AMC Entertainment Holdings, the world’s largest movie theater company, has announced that it will start to accept cryptocurrencies as an alternative to bringing people into movie theaters again. AMC CEO Adam Aron said that it doesn’t matter how users pay to see a movie in theaters, as long as they fill the theaters.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. alot of people are missing the big picture here. AMC starts Accepting crypto not only does crypto go up in value on the dollar but there is a ton more business opportunities for them. crpto atms in their theaters run by them, creating their own crypto would be huge and they can show certain movies or even weekly series exclusive to their crypto holders. hell they can start outsourcing their own movies under the AMC brand.

  3. Mark this post. It is a prediction for the future.

    AMC will accept crypto currency. However, AMC will go bankrupt not because of its acceptance of crypto, but because of its inability to innovate. When AMC closes its doors, the media will spread FUD saying Crypto destroyed AMC.

    This will happen within the next 3 years.

  4. Sounds like I should add to my position. AMC is in a good position here for one simple reason, they are listening to their investors. Adding crypto to their balance sheet only strengthens their brand! As we all know, crypto will continue to grow in value in the coming years. AMC has made an excellent decision to grow their base and their balance sheet by doing this.

  5. The whole theatre chain industry is dying. I don’t see any way of changing that with the prevelance of streaming sites. Theaters need to charge high prices on snacks to stay in business. There’s only so many movies I’ll pay $20 to see, with snacks(for one person). I like to see movies, in person, occasionally, but I don’t see AMC surviving much longer with the old model.

  6. This is true. However I think you misunderstand the real play here. AMC is doing this to run headlines. More headlines means more people pumping their already inflated stock prices. Now the company can sell shares of the company they pull out of thin air at no cost to themselves. They then use that capital to fund operations. Crypto itself is going to bring in virtually no money and certainly not enough to prevent bankruptcy.

  7. AMC isn’t anywhere close to being bankrupt. Eventually, every business will accept cryptocurrency or lose out on a major income stream.

    This is the most boomer post I’ve seen in a while.

  8. What’s funny is AMC is no longer strapped with hundreds of millions in debt back when they were looking at bankruptcy and they became a meme stock.

    The reality is AMC recognizes what micro strategy has. That corporations that hold crypto incentivizes investors in holding their stock.

  9. Fucking hell. All these AMC cunts are here leaching their MOASS claims.

    FFS.

    AMC will not MOASS at all. It is a dying business model propped up by the current stock movement. Without the price movement happening from buying pressure there wouldn’t be the price we’re seeing.

    AMC is going bankrupt.

  10. both these CEOs are following exit strategies put in place by thier hedgie daddys maybe the SEC as well. Most countries i bet are shaking thier heads in awe over how our country gets rich off its middle class and poor.

What do you think?

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