![]() The result is a delicious and fluffy popcorn that is perfect for movie snacking. This popcorn is popped in coconut oil and then seasoned with a special salt blend that has a touch of butter flavor. While a shareholder vote on that plan is set to be held by AMC on March 14, the plan cannot be implemented if approved until after an injunction hearing is held in Delaware court on April 27. The type of popcorn used at AMC Theatres is a specifically designed and blended popcorn. Perhaps movie theaters will one day be a relic of the past, and AMC’s name will instead be synonymous with popcorn. On Wall Street, the chain’s stock has become the subject of a new shareholder lawsuit looking to block a proposed plan by the company to turn its preferred shares - called “APE” shares by the company - into common shares in an effort to build capital. In 2021, AMC announced its plan to market its popcorn as a standalone product and sell it in mall kiosk s, make it available in to-go packages at theaters, and even list it on food delivery apps. The theater chain has made headlines since the pandemic began for acquiring multiple major multiplexes closed by other chains due to the COVID-19 pandemic despite currently holding more than $5 billion in debt. The new popcorn line provides AMC with another revenue stream as it seeks to raise revenue and capital during what is expected to be a resurgent 2023 for the box office. But the popularity of popcorn extends well beyond the doors of our movie theatres. The company had spent billions upgrading its theaters since 2016, and the Covid-19 pandemic came at the worst possible moment. AMC Theatres currently pops in the range of 50 tons of popcorn per day. ![]() ![]() We could not have found a better partner than Walmart for this important extension of the AMC experience into the home,” Aron continued. AMC goes far beyond classic concessions like popcorn and fountain drinks to give you an absolutely appetizing experience. In 2022, AMC Entertainment found itself running out of cash. “We are especially pleased that we are doing so in an exclusive launch with Walmart, the largest retailer in the United States. AMC Shares Surge 23% as Judge Delays Stock Plan
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