Posts tagged with "AMC"

AMC courts individual investors with free popcorn

June 3, 2021

Meme stock AMC has long since passed the point where individual investors outnumber institutional ones—and now it’s opening a dialogue with those owners directly, Fortune magazine reports.

The term, “meme stock,” refers to investments that have become sought after by retail investors trading on apps such as Robinhood. Trading in meme stocks is mainly driven by the fear of missing out (FOMO). Traders ignore the fundamentals and focus on the potential.

The theater chain on Wednesday announced AMC Investor Connect— a program that will offer investors ve some perks (and, more importantly, get people back into theaters). Up first: A free large tub of popcorn.

“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” said Adam Aron, president and CEO of AMC in a statement. “With AMC Investor Connect, that effort in relationship-building will continue apace, even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”

Indeed, Fortune reports, people who sign up for AMC Investor Connect will receive everything from free and discounted items to invitations to special screenings to direct communications from Aron.

But the company isn’t exactly insisting on proof of ownership. Signing up for the program is done simply by checking a checkbox on the signup page. (You’ll also have to be a member of AMC’s loyalty program, called AMC Stubs.)

The program was warmly welcomed on Reddit’s r/WallStreetBets community, which is where a lot of the AMC enthusiasm is generated.

“This is a ceo who understands. I love it!,” exclaimed JurassicPark-fan-190, while Hard2Digest used the program to further pump the stock, saying “[Aron] is giving away FREE large popcorn. The LEAST you apes can do today is buy 1 more share. Just one share. 3.2million apes, let’s keep pushing.”

Twitter was just as enamored with the announcement.

AMC said over 3.2 million individual investors held an ownership stake in the company as of March 11. That number has certainly gone up since then. The theater chain is now more than 80% owned by individual investors.

Research contact: @FortuneMagazine

‘Family Business’ on Netflix is a French-Jewish version of ‘Breaking Bad’

July 9, 2019

For those of us who have been mourning for Walter White—and the entire Breaking Bad ensemble—since the series went off the air in 2013 (has it been six years already?), Netflix is now filling the gaping void in our viewing schedules with an imported knockoff series.

Excited? You should be.

The French series, which debuted in late June, is called Family Business—and it’s about a down-on-his-luck Jewish entrepreneur , Joseph Hazan, and his family; who race to turn their kosher butcher shop into a marijuana café after they learn the drug is going to be legalized.

And while, Haaretz reports, it lacks the macabre violence of Breaking Bad, the two shows do share a reliance on witty dialogue and strong acting.

Boasting a solid 7.3 score on IMDB, the series has wide appeal likely in large part to how it mixes race and family relations with fart jokes and surrealist scenes. (One features the Hazans narrowly avoiding arrest by telling police that the weed-stuffed dead pig in their kosher meat truck has been genetically engineered to receive rabbinical approval.)

In one scene, in which the Hazans find themselves serving food to an entire police precinct inside their illegal growth lab, the family dishes out typically Eastern European foods alongside North African mloukhiya stew.

 In another, Joseph’s father, Gerard, asks his mother-in-law to cook kishke— or as he calls it “that awful stink of a dish —to camouflage the scent of budding marijuana plants from the cops working next door.

The family’s trademark product—the parallel of Walter White’s blue ice in AMC’s  Breaking Bad—is called “pastraweed,” a mashup of pastrami and weed.

Yiddish phrases like “bubbeleh” pepper the dialogue, along with North African Jewish slang like “ya rab” and “miskin.”

Between the lines, the show’s creator, Igor Gotesman, also used the family biography to build a sort of microcosm of French Jewry—from the liberal elements represented in Joseph’s lesbian sister, Aure, to the conservative ones, represented by Gerard.

For those who are looking for a kooky, summer crime caper, this could be for you. One drawback: If you don’t speak French, you’ll be reading lots of captions.

Research contact: @Haaretz