CNBC SPECIAL: AMC CEO Talks Apes and The Future
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 22 December 2021
⏱️ 59 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | AMC Entertainment has had a wild year. |
| 0:03.0 | 2021's are the movie theater chain almost filed for bankruptcy, |
| 0:07.0 | and its resurgence, thanks in part to a group of retail investors who call themselves apes. |
| 0:12.0 | At the helm of it all was CEO Adam Aaron. |
| 0:15.0 | CNBC spoke with Aaron for a documentary about the eight movement. |
| 0:19.0 | I'm Melissa Lee, and this is the full conversation I had with Adam Aaron in September 2021. |
| 0:26.0 | So Adam, you're in Kansas City right now? |
| 0:30.0 | I am, where I'm filming this from an AMC theater in Olathe, Kansas. |
| 0:37.0 | How long was that theater empty, and when did that theater reopen? |
| 0:43.0 | You're bringing back bad memories. |
| 0:46.0 | I remember on February 23 of 2020, |
| 0:52.0 | hearing word in my office that the city fathers in Milan |
| 0:57.0 | want us to shut half a dozen theaters for ten days. |
| 1:01.0 | That was the first time we heard any news that the coronavirus |
| 1:05.0 | had sort of escaped the borders of China. |
| 1:09.0 | It had been contained in China in January and early February. |
| 1:15.0 | And I remember thinking at that time, |
| 1:18.0 | well, it's only six theaters in Milan and we've got a thousand theaters globally in 15 countries. |
| 1:24.0 | It would be very bad if it were to spread or to come to the United States |
| 1:27.0 | where we're the largest movie theater chain in the US with 600 theaters here, |
| 1:31.0 | but it's only half a dozen theaters in Milan. |
| 1:35.0 | Three weeks later, three weeks, |
... |
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