AMC Entertainment will have technology to receive bitcoin as payment by year-end - CEO
AMC beat second-quarter revenue estimates on Monday
Aug 9 (Reuters) - Cinema operator AMC Entertainment (AMC.N) 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 beat second-quarter revenue estimates on Monday, lifted by the return of moviegoers to its theaters after a year of closures and restrictions, sending its shares up 4% in extended trading.
"F9: The Fast Saga" - the latest installment of the "Fast and Furious" series - and "Godzilla vs Kong" gave AMC much-needed relief from the blows it has taken from the pandemic over the past year.
Chief Executive Officer Adam Aron said U.S. ticket revenue in the third quarter was on track to reach 45% of the same quarter in 2019.
