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AMC's leaner theatre portfolio, premium-format expansion and stronger venue economics are likely boosting asset productivity and supporting EBITDA momentum.

LEAWOOD, Kan.--(BUSINESS WIRE)--AMC Entertainment Holdings, Inc. (NYSE: AMC), the largest theatrical exhibitor in the United States and in the world, today announced the creation of Leawood Films, a new film distribution company headquartered both in Los Angeles and AMC Theatres home base of Leawood, Kansas. It will focus on bringing additional movies to theatrical audiences in the U.S. and across the globe,…

AMC targets positive annual free cash flow at a $10.4B domestic box office, supported by record EBITDA, higher per-patron profits and lower interest costs.

AMC Entertainment is rated a speculative Buy with a $3.25 price target, 37% above current levels, based on catalyst-driven upside. Recent share dilution was largely driven by one-off debt conversions and maturity redemptions; the mechanisms behind major dilution are now removed. AMC's unit economics have improved, with breakeven free cash flow at ~$10.4B domestic box office and leverage-driven interest savings…

Theater exhibitors are rallying midday Monday against a broadly softer market, and the shape of the tape is what makes today interesting.