[ad_1]
AMC Entertainment chairman and CEO Adam Aron said the channel would be technologically equipped to begin accepting Bitcoin payments for US movie tickets and concessions ordered online by the end of the year.
In a meaty, topical, and somewhat bizarre webcast, Aron also noted that the channel would also start accepting Apple Pay and Google Pay.
Aron noted that many of the company’s big new generations of retail investors, whom he warmly embraced, are very excited about the cryptocurrency.
He said he heard about cryto while on the board of directors of Centricus Acquisition Corp., a SPAC (or special purpose acquisition company) created by one of his “closest European friends” over 20 years president of Silversea Cruises. (Manfredi Lefebvre d’Ovidio). Centricus has acquired a company called Arqit, which Aron says “is at the forefront of quantum encryption and blockchain technology.”
Related story
AMC CEO thinks further blockages are unlikely despite wave of Covid: “The big change this winter is vaccinations”
AMC reported stronger than expected second quarter financial results this afternoon. Aron organized the call with hundreds of investors online, ticking off a flood of new initiatives some of which, like the Bitcoin bet, looked like a wishlist or tried to show investors in the chat room that he was. on the same wavelength. It’s unclear how a Bitcoin – which is worth $ 45,947.90 at current prices – could pay for a night at the movies.
Aron answered a series of questions from retailers – whether the company will invest in drive-ins (no, a bad deal) or consumer products (eh, it might) or in production. of films (it’s expensive). He took advantage of this last question to recall AMC’s production company with Regal, Open Road, and its Oscars for Projector – then explain why the company needs to sell more stocks and raise money for big games.
Investors on Wall Street discussion forums like Reddit and others have rallied, supported the action, and Aron owes them a lot. He bowed to pressure from the group at the company’s annual meeting earlier this month not to seek permission to sell more shares. He answered a dozen questions from them on the call, and only one from a Wall Street analyst at the end.
He made some big news, like a deal with Warner Bros. and plans to purchase and build new theaters.
[ad_2]
Source link