'Popcorn, cryptocurrencies, and non-fungible tokens' are all on the table for 'King Silverback.'
AMC Entertainment AMC, +8.06% on Monday beat on earnings for the third quarter but, as we predicted, no one really cared.
To that end, Aron opened his remarks by thanking his “individual investors” and went on to lay out a modern and bold plan for AMC’s future that looked less like something from a “Six Sigma” management philosophy and more like a Reddit-fueled fever dream of corporate governance. What is that next level of “thinking outside the box” that AMC will deploy to build on a box office business, which AMC’s results showed was back to 46% from the same period in pre-pandemic 2019? Well, according to Aron, it will be a meme stock fritto misto of “Popcorn, cryptocurrencies, and non-fungible tokens.”
But Aron did make huge waves disclosing that, in addition to taking major cryptocurrencies —as well as Dogecoin DOGEUSD, +0.65% and Shiba Inu— in Q1 2022, AMC is in discussions to launch its own crypto.Aron went on to gossip that AMC has been in talks with “Major Hollywood studios” on doing NFTs centered on big movies.
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