AMC Theatres Guide, Meaning , Facts, Information and Description
AMC Theatres (AMEX: AEN), or American Multi-Cinema Theatres, is one of the largest chains of movie theaters in the United States. Founded in 1920, the company has a long tradition of innovation, and is credited with pioneering the first multiplex theater and then the first megaplex theater. Its theaters often dominate lists of the top 50 most profitable theaters in North America.The multiplex arose from the realization of AMC executives that they could run multiple theatres with the same staff required for one, through the simple expedient of carefully staggering the start times.
This realization arises from the fact that the real-time labor demands of a movie theatre come in bursts at the start and end of the movie. At the start, a lot of workers have to work hard selling tickets, processing tickets at an access point, selling food at concessions (a theater's primary profit center), making sure the theater is not overcrowded, and actually starting the movie. At the end, slightly less workers are needed to evacuate and clean the theater, and rewind the movie. While the movie plays, a couple of workers are needed for security and access control, but the rest are just standing around. When the start times for movie showings in several physically connected theatres are staggered correctly, then one team can run around dealing with all these tasks without ever completely slacking off (and from the theater owner's point of view, time is money).
The megaplex later followed as AMC attempted to realize further economies of scale.
AMC stock is traded on the American Stock Exchange.
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