• Home
  • Terms of Use
  • Privacy Policy
  • Disclosure
Monday, May 16, 2022
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Videos
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Videos
No Result
View All Result
Omicron b11529 Variant
No Result
View All Result
Home Technology Crytpocurrency

More Than A Third Of AMC Online Payments Are Crypto Or Digital: CEO – Cointelegraph

by NewsReporter
May 10, 2022
in Crytpocurrency
Reading Time: 3 mins read
Share on FacebookShare on Twitter

“Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments,” said AMC Theatres CEO Adam Aron.

785 Total views

5 Total shares

More than a third of AMC online payments are crypto or digital: CEO

AMC Theatres CEO Adam Aron stated that crypto along with several other digital payment methods recently accounted for 35% of its online payments.

The popular cinema chain has gradually been working on various crypto adoption plays after first rolling out online payment support for Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) in November.

Last month it also added support for Dogecoin (DOGE) and Shiba Inu (SHIB) payments via the AMC Theatres mobile app.

Speaking as part of the firm’s 2022 Q1 earnings call on May 9, Aron emphasized that the firm’s plunge into crypto has not only been met with much “fanfare” but also opened up several payment rails that it had previously explored:

“The same IT programming that was required for us to accept cryptocurrency also enabled us to accept other payment types including Apple Pay, Google Pay, Paypal, Bitpay, and Venmo among others. Taken together, these various new payment options, impressively, recently represented about 35% of our total online payments.”

Speaking on AMC’s NFT initiatives, Aron also stated that the company has eight different programs that have either been launched or are in the works this year, and noted that the tech has already helped AMC “stimulate the sale of movie tickets.”

One such NFT promotion was tied to the opening day release of Sony Pictures’ Spider-Man: No Way Home in November, which included roughly 86,000 Spider-Man NFTs for members of its “AMC Stubs Premiere & A-List” and “AMC Investor Connect” subscriptions.

Related: Japanese e-commerce site adopts BTC and XRP payments for used cars

With the impact of the global pandemic starting to wane in 2022, and lockdowns out of sight, AMC posted a strong year-over-year improvement in its Q1 report, with total revenue growing 429.8% to $785.7 million compared to the $148.3 million of Q1 2021.

Net loss also decreased roughly 40% compared to Q1 2021, dropping from $567.2 million to $337.4 million in Q1 2022.

AMC announced 1st quarter 2022 earnings today. Revenues up 5-fold vs. Q1 of 2021. EBITDA loss reduced by 80%. Revenues per patron up 34% over 2019 pre-pandemic. Dr Strange opening was the biggest of 2022, and the 2nd biggest in the last two years! Go see it! Congrats @Disney.

— Adam Aron (@CEOAdam) May 10, 2022

Related Posts

crypto-may-face-regulation,-tax-scrutiny-–-bega-district-news

Crypto May Face Regulation, Tax Scrutiny – Bega District News

by NewsReporter
May 16, 2022
0

Regulation of cryptocurrency trading doesn't appear to be high on the Australian political agenda.Australians dabbling in crypto have no guarantee of value, and nor should they, the government says."Government can't guarantee your crypto any more than it can guarantee a painting or a share in a company, and nor should...

first-mover-asia:-singapore’s-regulators-will-be-eyeing-local-crypto-companies-after-terra-collapse;-bitcoin-rebounds-–-coindesk

First Mover Asia: Singapore’s Regulators Will Be Eyeing Local Crypto Companies After Terra Collapse; Bitcoin Rebounds – CoinDesk

by NewsReporter
May 16, 2022
0

Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also an equity/fixed income portfolio manager and does not invest in digital assets. James Rubin...

ethereum-hashrate-taps-an-all-time-high-amid-this-week’s-crypto-market-meltdown-–-mining-bitcoin-news-–-bitcoin-news

Ethereum Hashrate Taps An All-Time High Amid This Week’s Crypto Market Meltdown – Mining Bitcoin News – Bitcoin News

by NewsReporter
May 16, 2022
0

Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities of processing power toward the second-largest crypto network...

crypto-vcs-can’t-just-buy-‘community’-–-techcrunch

Crypto VCs Can’t Just Buy ‘community’ – TechCrunch

by NewsReporter
May 16, 2022
0

Hello everyone, and welcome back to Chain Reaction In our Chain Reaction podcast this week, Anita and I chatted with Kevin Rose of True Ventures and Proof Collective on the latest crypto crash and what the future of NFTs looks like in a bear market. More details below. Last week,...

cz-binance:-i-would-like-to-see-more-transparency-from-terra’s-team-–-cryptopotato

CZ Binance: I Would Like To See More Transparency From Terra’s Team – CryptoPotato

by NewsReporter
May 16, 2022
0

The CEO of the world’s leading cryptocurrency exchange Binance, Changpeng Zhao (CZ), said that he expects more transparency from Luna’s team following last week’s UST-LUNA fiasco. Last week saw a top cryptocurrency literally go to zero in a matter of days. UST – Terra’s algorithmic stablecoin – lost its peg...

global-regulators-consider-launching-a-joint-body-to-coordinate-crypto-rules-–-regulation-bitcoin-news-–-bitcoin-news

Global Regulators Consider Launching A Joint Body To Coordinate Crypto Rules – Regulation Bitcoin News – Bitcoin News

by NewsReporter
May 15, 2022
0

Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations, said a top executive of the International Organization of Securities Commissions (IOSCO). A Global Body to Coordinate Crypto Rules Top executives at the International Organization of Securities Commissions (IOSCO) discussed cryptocurrency...

Omicron b11529 Variant

© 2021

Navigate Site

  • Home
  • Terms of Use
  • Privacy Policy
  • Disclosure

Follow Us

No Result
View All Result
  • Home

© 2021