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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Model A, the First Flying Car That Actually Drives Like a Car and Flies Like a Helicopter

It’s the only two-mode vehicle, says Alef Aeronautics, that handles the road like an automobile and hovers like an eVTOL. Commuters, imagine the possibilities. Alef’s electric Model A, priced at around $300,000, will be the only road-certified flying car that can do vertical takeoff and landings like electric-powered eVTOLs, including the Joby S4, Lilium Jet and Vertical Aerospace VX4. Santa Clara, California-based Alef recently introduced its two-passenger Model A, saying it would be on “pre-sale” for a deposit of $1,500 in the first quarter of next year. The company says the first deliveries will…

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As Streaming Peaks, Sony, Universal & Others Prove The Lucrative Power Of Theatrical Windows

With the box office rebounding just as 5K attendees are reconvening at CinemaCon in Las Vegas, exhibitors and studios can rest easy knowing that there’s a return to a theatrical window. For most studios with tentpole fare, that’s 45 days, and for those titles with less commercial appeal or aimed at specialty audiences, it’s 17 days. With a summer box office that’s loaded with such window-respecting movies as Doctor Strange in the Multiverse of Madness, Top Gun: Maverick, Thor: Love & Thunder, Jurassic World: Dominion, Lightyear, Elvis, Nope, Bullet Train, and more, it’s…

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