AMC Entertainment CEO Warns of Strikes Impact in 2024; Company Drops 16% Pre-market on $350M Stock Sale, Despite Strong Earnings and Strike Deal

AMC Entertainment CEO warns that strikes will cause additional and needless challenges in 2024. The company drops 16% premarket on filing to sell $350 million in stock. AMC Entertainment is said to price $300 million of shares at $10 each. Despite strong earnings and a strike deal, AMC Entertainment shares drop, and the entertainment community fund officials warn that strikes' impact will be felt for months to come. Additionally, AMC Theatres' shareholders vote against CEO Adam Aron's $23.7 million pay package.