Cinema operator will have technology to receive bitcoin as payment by year-end
- 10-Aug-2021
Cinema operator AMC Entertainment will have the technology in place to receive payment in bitcoin by the end of the year as payment for movie tickets and concessions, the company’s CEO said on a call discussing its results. AMC Entertainment beat second-quarter revenue estimates on Monday, lifted by the return of moviegoers to its theaters […]
Only VIPs to attend as Saudi Arabia launches first new cinema
- 18-Apr-2018
RIYADH: Saudi Arabia is launching its first commercial movie theatre on Wednesday as it ends a nearly 40-year ban on cinemas under a push by the crown prince. But ordinary Saudis must hold out a few more weeks before they can catch a film. Attendance to private screenings this month in Riyadh is by invitation […]
AMC Entertainment signs deal to operate movie theatres in Saudi Arabia
- 12-Dec-2017
NEW YORK: Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theatres in Saudi Arabia after the kingdom lifted a decades-old ban. The deal, announced by AMC in a statement and confirmed by Saudi state media on Tuesday, will see the company form a joint venture with Saudi Arabia’s […]