- AMC Entertainment announced that they will start accepting Bitcoin in movies by the end of the year.
- The company will also start accepting Apply Pay and Google Pay.
- AMC also made headlines as they signed a deal with Warner Bros.
Today, AMC Entertainment CEO Adam Aron announced that the chain will soon start accepting Bitcoin to purchase U.S. movie tickets and concessions. More so, the CEO shared that they are aiming to make this happen by the end of the year.
Of note, AMC Entertainment Holdings, Inc. is an American movie theater chain headquartered in Kansas and the largest movie theater chain in the world.
In addition, Aron also shared in a bizarre webcast that the company will also start accepting Apply Pay and Google Pay. This is considering the fact that many of their huge new retail investors are highly enthusiastic about cryptocurrency.
Aron hosted the call with many investors on the line. He took a raft of questions from the retail crowd such as whether the company will invest in drive-ins, consumer products, or film production. During the call, the CEO also revealed stronger than anticipated second-quarter financial results.
Consequently, he took the chance to segue after the last query and recall AMC’s production venture with Regal, Open Road, and its Oscar wins for Spotlight.
Furthermore, AMC also made headlines as Aron mentioned that they signed a deal with Warner Bros, ensuring a 45-day theatrical window for the studio’s releases in 2022. Not just that, but AMC also plans to buy and build new theatres. In fact, he has signed a lease or letter of intent with three locations in LA, two in Chicago, and one in Atlanta.
Although it is not clearly stated how can a Bitcoin – which is worth $45,900 as of writing – can pay for a night out at the movie house, many Americans are showing their excitement on this matter.
“I can’t wait to use Bitcoin to buy my movie tickets” — said nobody who is invested in Bitcoin hoping it goes up. $AMC
— Andrew Ross Sorkin (@andrewrsorkin) August 9, 2021