AMC teams with Zoom to turn movie theaters into ‘Zoom Rooms’

Zoom Rooms at AMC will be launched in up to 17 major U.S. markets in 2023, and will be available in three-hour blocks Meme-stock darling AMC Entertainment Holdings Inc. has teamed up with Zoom Video Communications Inc. to turn some of the movie-theatre chain’s locations into so-called Zoom Rooms. Zoom Rooms are workspaces for hybrid teams, according to Zoom ZM, -8.26%. “This combines the excellent experience of Zoom with the comfort and state-of-the-art sight and sound technology of AMC’s modern and centrally located theatres,” the companies said, in a statement…

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AMC missed ‘golden opportunity’ to pay down $5.4 billion debt with APEs, says analyst

AMC Entertainment Holdings Inc. reports third-quarter results on Tuesday, with the meme stock darling expected to provide an update on its APE equity units The AMC Preferred Equity Units APE, +5.96%, or APEs, made their trading debut in August, sparking volatility and heralding the latest chapter in an eventful journey that took the cinema chain from a beleaguered pandemic victim to meme-stock phenomenon. The APEs, which hit an intraday low of $1.41 on Monday, have fallen 74.8% since their debut. The dividend hit an intraday high of $10.50 on Aug. 22. With its APE equity unit,…

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