The movie theater industry has been hit hard by the COVID-19 pandemic, with many theaters shutting their doors due to health and safety concerns. However massive comeback in 2023 is on the table with the help of CEO Adam Aron leading the charge.
One of the main reasons for this is the sheer number of highly-anticipated movies that are set to be released in the coming year. From big-budget blockbusters like “Avengers: Infinity War Part 2” and “Star Wars: Episode IX” to highly-anticipated indie films and award-season favorites, there’s something for everyone on the 2023 movie release calendar.
Recently a lot new and old investors alike have been questioning if the captain of the ship (AMC ENT. CEO ADAM ARON) truly has the best intentions in mind for retail investors so let’s look into this.
Adam Aron, the CEO of AMC, has a lengthy experience of leading profitable businesses across several sectors.
Aron, a New York City native, earned an economics degree from the University of Pennsylvania. In the 1980s, he started his career working as a management consultant for McKinsey & Company. His customers were from the hotel, automobile, and aviation sectors.
Aron made the transition to the media and entertainment industries in the 1990s. He was the president and CEO of the significant ski resort corporation Vail Resorts before becoming the CEO of Norwegian Cruise Line.
The largest network of movie theaters in the world, AMC Entertainment, named Aron its CEO in 2016. The business has grown significantly under his direction and entered new areas, such as China and Europe and continues to expand internationally and domestically.
Aron is renowned for his dedication to innovation and emphasis on the client experience. He truly loves his customers and makes sure that everyone knows it. At AMC, he has launched a variety of fresh programs, such as the opening of opulent theaters with features like reclining seats and in-theater eating as well as much more.
All things considered, Adam Aron’s business background and his experience managing businesses in various industries make him a valuable asset as the CEO and gives the APES the hope they need to know that he is going to steer this ship to victory for all.
CEO ADAM ARON HAS SKIN IN THE GAME
Adam Aron in a tweet back in September explained that he also has significant skin in the game when it comes to AMC and what it means for his future.
Some retail investors might not realize that CEO Adam Aron is a serious shareholder. He said in a tweet “My point of course is that I am an AMC shareholder. A really big shareholder. My incentives are to help shareholders, not to hurt them. If I hurt you, I hurt myself. Why would I want to do that? To the best of my ability, my plan is to make AMC stronger and get it to thrive.”
CEO Adam Aron truly does seem to have the best intentions for AMC ENT and all their shareholders. But only time will tell how this entire situation plays out.