(Refiles so as to add media packaging code, with no modifications to textual content)
(Reuters) -AMC Leisure on Wednesday reported a 9.3% fall in first-quarter income, as fewer blockbuster releases from Hollywood studios led to lowered attendance at its film theaters.
Shares of the Leawood, Kansas-based firm fell round 2% in prolonged buying and selling.
The primary quarter noticed the releases of Walt Disney’s “Captain America: Courageous New World” and stay motion “Snow White”, moreover different motion pictures, however they did not have a significant influence on field workplace collections.
In addition to, the quarter was additionally marked by clients chopping again on discretionary spending because of macroeconomic uncertainty and recession fears.
“Setting apart these first quarters straight impacted by Covid and its aftermath, the January to March {industry} field workplace in 2025 was the bottom it has been since 1996,” mentioned CEO, Adam Aron.
Income for the primary quarter stood at $862.5 million in comparison with $951.4 million a yr in the past.
Attendance in theaters fell 10% to 42 million.
The demand for film theaters is recovering since April 1, because the industry-wide home field workplace was double that of April 2024, the corporate mentioned.
The second quarter has thus far seen releases of the Michael B. Jordan-starrer “Sinners” and Disney’s “Thuderbolts*”, amongst others.
(Reporting by Kritika Lamba in Bengaluru; Enhancing by Leroy Leo)