AMC Entertainment CEO remains in charge of world's largest theater chain after stroke

WASHINGTON (AP) — AMC Entertainment CEO Adam Aron suffered a insignificant changeable past period but is recovering rapidly and volition proceed to pb the world’s biggest movie theatre chain, the institution said Thursday.

Aron, 71, suffered the changeable portion connected a concern travel successful London, wherever helium instantly received exigency aesculapian care, the institution said.

Besides an archetypal slurring of speech, AMC says Aron has shown nary nonaccomplishment of cognitive encephalon relation and that helium expects to marque a "speedy and afloat recovery."

“Given his intelligence acuity and carnal resilience, Mr. Aron remains successful afloat bid astatine the helm of AMC and continues to execute his duties arsenic chairman, main enforcement serviceman and president,” AMC said successful a release. “He has kept successful adjacent and changeless connection with the committee of directors of AMC, with respect some to the prognosis for his betterment arsenic good arsenic the wide concern affairs of the company.”

AMC has yet to afloat retrieve from the COVID-19 pandemic, erstwhile the institution was forced to adjacent theaters, furlough unit and logged a 2020 nonaccomplishment of $4.6 billion. Sales person gradually improved each twelvemonth since, but the institution has inactive not posted a full-year profit.

The emergence of streaming video services successful the aftermath of the pandemic has besides enactment the compression connected movie theaters arsenic radical progressively enactment location to ticker movies and different shows.

Following the highest of the pandemic, retail investors poured wealth into AMC banal arsenic portion of the meme banal craze, sending its shares from astir $11 each to astir $340 successful June of 2021. After a gradual two-year decline, AMC shares collapsed successful August of 2023 and are present trading conscionable supra $2.

Aron besides led AMC's complaint into cryptocurrency successful 2021, erstwhile the theatre concatenation began accepting a fistful of integer coins arsenic outgo for theatre tickets, popcorn and different concessions. That aforesaid twelvemonth it besides issued digital, non-fungible tokens, called NFTs, to summons buyers and shareholders.

As of the 3rd 4th ending Sept. 30, 2025, AMC said it has astir 860 theaters and 9,600 screens worldwide.