AMC Stock CEO Adam Aron confirmed a brand-new partnership between AMC Ent. and Zoom early this week. He said in a tweet “We just announced a bold new business that has not been discussed publicly before. In 2023, AMC & Zoom will launch ZOOM ROOMS AT AMC, at theatres in 17 U.S. cities. State of the art technology lets you have multi-city meetings. AMC enters the multi-billion dollar meetings market.”
Adam Aron, Chairman and CEO of AMC Theatres, commented:
“One of the lessons learned during the pandemic when so many of us were forced to work remotely was the importance of a reliable, dynamic communications platform. We also learned that even though we may be spread far apart, the ability to come together in person is as important as ever. That is why I’m so excited about this AMC partnership with Zoom. So many of us know how vital Zoom is in managing our enterprises. Now through this partnership of Zoom and AMC, we have the best of both worlds — the spectacular communications platform of Zoom combined with the comfort, size, scale, and state-of-the-art sight and sound capabilities of AMC’s centrally located theatres. This creates an all-new product in major cities across the U.S. for companies and meeting planners.” (Source BusinessWire)
Zoom rooms has some investors excited for this riveting new partnership as it does seem to have serious utility in a new age world of remote meetings which seem to be getting more and more utilized across different business sectors. Other investors are worries that this is not big enough news to really get the needle moving. Whether or not investors seem to think this is a big enough move for the company to announce pre earnings, one thing is for certain, Adam Aron has shocked the world with news in the past and there could be bigger things coming soon.