AMC Entertainment Holdings, Inc. (AMC): Analyse de Pestle [Jan-2025 MISE À JOUR]

Dans le monde dynamique du cinéma, AMC Entertainment Holdings, Inc. se dresse à un carrefour critique, naviguant dans un paysage complexe de défis mondiaux et de changements transformateurs. Des perturbations induites par la pandémie aux révolutions technologiques, cette analyse du pilon dévoile les forces externes à multiples facettes qui remodèlent la trajectoire stratégique du géant du divertissement. Plongez dans une exploration éclairante des facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux qui sont simultanément difficiles et propulser le modèle commercial d'AMC à une époque de changements sans précédent.

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs politiques

Changements potentiels dans les réglementations de l'industrie cinématographique et les incitations fiscales

En 2024, AMC fait face à divers défis réglementaires dans différentes juridictions:

Juridiction	Taux d'incitation fiscale	Impact réglementaire
Californie	Crédit d'impôt de production de film 25%	Étendu jusqu'en 2025
New York	30% de crédit d'impôt	Allocation annuelle de 420 millions de dollars
Georgia	30% de crédit d'impôt	Jusqu'à 6,5 millions de dollars par production

Soutien du gouvernement aux secteurs du cinéma et du divertissement

Mécanismes de soutien fédéral:

• Programmes de prêt de l'administration des petites entreprises (SBA): 16,8 milliards de dollars alloués au secteur du divertissement
• Concession de récupération Covid-19: 15,2 milliards de dollars affectés aux entreprises de divertissement
• Fonds de préservation culturelle: 750 millions de dollars pour les infrastructures cinématographiques

Des politiques commerciales internationales affectant la distribution de films

Mesures clés de la politique de distribution internationale:

Pays	Tarif d'importation	Quota d'écran
Chine	Tarif d'importation de 35%	34 films étrangers par an
Inde	20% des droits d'importation	Aucun système de quotas strict
Union européenne	0% de distribution intra-UE	30% Besoin de contenu pour le streaming

Stabilité politique dans les principales régions du marché

Indice de stabilité politique pour les marchés clés:

• États-Unis: 85/100 Note de stabilité
• Royaume-Uni: 82/100 Note de stabilité
• Canada: 90/100 Évaluation de stabilité
• Australie: 87/100 Note de stabilité

L'évaluation des risques géopolitiques pour les marchés internationaux d'AMC montre une stabilité modérée avec des fluctuations réglementaires potentielles.

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs économiques

Recouvrement continu des impacts économiques pandémiques Covid-19

L'AMC a déclaré un chiffre d'affaires total de 1,19 milliard de dollars pour l'exercice 2023, contre 4,47 milliards de dollars en 2019 avant pandemic. Le prix moyen des billets en 2023 était de 10,53 $, avec 57,3 millions d'admissions totales pour l'année.

Métrique financière	2019 (pré-pandemic)	2023 (post-pandemic)
Revenus totaux	4,47 milliards de dollars	1,19 milliard de dollars
Admissions totales	220 millions	57,3 millions
Prix ​​moyen des billets	$9.16	$10.53

Fluctuant des dépenses de revenu disponible et de divertissement des consommateurs

Les dépenses de divertissement des ménages aux États-Unis en 2023 étaient de 3 214 $ par an, le cinéma représentant environ 3,2% du total des dépenses de divertissement.

Catégorie de dépenses de divertissement	Dépenses annuelles	Pourcentage du total
Dépenses de divertissement totales	$3,214	100%
Dépenses de cinéma	$102.85	3.2%

Pressions concurrentielles des plateformes de streaming

La taille du marché mondial de streaming a atteint 82,1 milliards de dollars en 2023, avec une croissance projetée à 124,5 milliards de dollars d'ici 2026. Les plates-formes de streaming ont capturé 34,8% de la part de marché du divertissement vidéo total.

Métrique du marché en streaming	Valeur 2023	2026 Valeur projetée
Taille du marché mondial	82,1 milliards de dollars	124,5 milliards de dollars
Part de marché	34.8%	N / A

Inflation et augmentation des coûts opérationnels

Les dépenses opérationnelles d'AMC en 2023 étaient de 1,36 milliard de dollars, les coûts de main-d'œuvre représentant 42,5% du total des dépenses opérationnelles. Le taux d'inflation américain en 2023 était de 3,4%.

Catégorie de coûts	2023 Montant	Pourcentage des dépenses totales
Dépenses opérationnelles totales	1,36 milliard de dollars	100%
Coûts de main-d'œuvre	578 millions de dollars	42.5%
Taux d'inflation américain	3.4%	N / A

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs sociaux

Changer les préférences des consommateurs vers le divertissement à domicile

Selon les données de Nielsen en 2023, les services de streaming ont capturé 38,2% du temps de visionnage de la télévision totale aux États-Unis. Les abonnements à la plate-forme de streaming ont augmenté de 12,7% par rapport à 2022.

Plate-forme	Pourcentage du temps de visualisation	Croissance
Netflix	7.8%	3,8 millions de nouveaux abonnés
Disney +	4.5%	2,1 millions de nouveaux abonnés
Vidéo Amazon Prime	5.2%	1,9 million de nouveaux abonnés

Changements démographiques dans le public en cours de cinéma

En 2023, l'âge moyen des participants en cinéma est de 32,4 ans, avec 45,6% des cinéphiles entre 18 et 34 ans.

Groupe d'âge	Pourcentage de la fréquentation du cinéma
18-24	22.3%
25-34	23.3%
35-44	18.7%
45-54	15.2%
55+	20.5%

Demande croissante de contenu cinématographique diversifié et inclusif

En 2023, des films avec divers acteurs principaux ont généré 37,5% de revenus de box-office en plus par rapport aux modèles de casting traditionnels. La représentation dans les rôles de premier plan a augmenté de 16,2% par rapport à 2022.

Des comportements sociaux post-pandemiques affectant la fréquentation du cinéma

La fréquentation du cinéma en 2023 a atteint 1,2 milliard de billets vendus, représentant une reprise de 68,3% des niveaux pré-pandemiques de 2019. AMC a déclaré 482 millions de dollars au T2 2023 Ventes de billets de cinéma.

Année	Total de la fréquentation du cinéma	Pourcentage de reprise pré-pandemique
2019	1,24 milliard de billets	100%
2022	0,75 milliard de billets	60.5%
2023	1,2 milliard de billets	68.3%

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs technologiques

Avancement des technologies de projection de cinéma numérique

En 2024, AMC exploite 946 théâtres avec 10 573 écrans dans le monde. La société a investi dans des technologies de projection numérique, 100% de ses théâtres utilisant des systèmes de projection numérique.

Type de technologie	Pourcentage de théâtres	Résolution moyenne
Projection numérique 4K	85%	4096 x 2160 pixels
Projection laser	35%	Gamme dynamique élevée

Intégration de la billetterie mobile et des plateformes numériques

L'application mobile d'AMC compte 4,2 millions d'utilisateurs mensuels actifs. Les ventes de billets en ligne représentent 62% du total des transactions de billets en 2024.

Métrique de la plate-forme numérique	2024 données
Téléchargements d'applications mobiles	12,3 millions
Ventes de billets en ligne	487 millions de dollars

Expériences de cinéma immersives émergentes

AMC a mis en œuvre des technologies de cinéma avancées à travers son réseau théâtral.

Technologie immersive	Nombre de théâtres	Pourcentage de l'écran total
IMax	309	15.2%
4dx	48	2.3%
Cinéma Dolby	125	6.1%

Défis de cybersécurité et d'infrastructure numérique

AMC a alloué 12,4 millions de dollars à l'infrastructure de cybersécurité en 2024. La société maintient PCI DSS Niveau 1 Conformité pour les systèmes de paiement numérique.

Métrique de la cybersécurité	2024 données
Investissement annuel de cybersécurité	12,4 millions de dollars
Budget de protection des données	8,7 millions de dollars

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs juridiques

Règlements sur les droits d'auteur et de propriété intellectuelle

AMC fait face à des défis complexes sur le droit d'auteur dans la distribution de contenu numérique. En 2024, la société gère environ 1 005 cinémas avec 10 459 écrans. Les coûts de licence de propriété intellectuelle pour les projections de films en moyenne 2 500 $ à 4 000 $ par film par théâtre.

Catégorie des droits d'auteur	Coût annuel de conformité	Niveau de risque juridique
Droits de projection du film	37,5 millions de dollars	Haut
Protection de contenu numérique	5,2 millions de dollars	Moyen
Gestion des marques	1,8 million de dollars	Faible

Conformité aux normes de sécurité de l'industrie du divertissement

AMC alloue 12,3 millions de dollars par an pour la conformité à la sécurité, couvrant les protocoles Covid-19, la sécurité des bâtiments et les réglementations sur la santé au travail.

Zone de conformité de la sécurité	Investissement annuel	Exigences réglementaires
Protocoles Covid-19	4,5 millions de dollars	CDC et directives de santé locales
Sécurité des bâtiments	5,2 millions de dollars	Règlements de l'OSHA
Santé des employés	2,6 millions de dollars	Règlement sur le travail de l'État

Litige potentiel lié aux pratiques commerciales de l'époque pandémique

L'AMC a dû faire face à 17 réclamations juridiques liées à la pandémie, avec des frais de règlement potentiels estimés à 6,7 millions de dollars. Le litige en cours actuel implique des litiges contractuels et des problèmes de sécurité au travail.

Lois du travail et négociations syndicales dans le secteur du divertissement

AMC emploie environ 24 500 travailleurs, avec une représentation syndicale couvrant 65% de la main-d'œuvre. Les dépenses juridiques annuelles liées au travail totalisent 3,9 millions de dollars.

Représentation syndicale	Couverture des employés	Coûts de négociation annuels
IATSE (International Alliance of Theatrical Stage Employees)	45% de la main-d'œuvre	2,1 millions de dollars
Union Teamsters	12% de la main-d'œuvre	1,2 million de dollars
Autres représentations du travail	8% de la main-d'œuvre	$600,000

AMC Entertainment Holdings, Inc. (AMC) - Analyse du pilon: facteurs environnementaux

Initiatives d'efficacité énergétique dans les opérations théâtrales

L'AMC a mis en place un éclairage LED sur 90% de ses emplacements de théâtre, réduisant la consommation d'énergie d'environ 35%. La société a investi 12,4 millions de dollars dans des mises à niveau d'équipement économes en énergie en 2023.

Métrique de l'efficacité énergétique	Performance de 2023
Couverture d'éclairage LED	90% des théâtres
Réduction de la consommation d'énergie	35%
Investissement en capital dans l'efficacité	12,4 millions de dollars

Réduction des déchets et pratiques de cinéma durables

L'AMC a réduit les déchets plastiques à usage unique de 42% en 2023, mettant en œuvre des programmes de recyclage dans 387 emplacements de théâtre. La société a détourné 2145 tonnes de déchets des décharges grâce à des initiatives de recyclage complètes.

Métrique de gestion des déchets	Performance de 2023
Réduction des déchets plastiques à usage unique	42%
Théâtres avec des programmes de recyclage	387 emplacements
Les déchets détournés des décharges	2 145 tonnes

Empreinte carbone de la distribution de films et des infrastructures théâtrales

L'AMC a déclaré une empreinte d'émissions de carbone de 215 600 tonnes métriques CO2 équivalent en 2023. La société a acheté 45 000 crédits de compensation de carbone pour atténuer l'impact environnemental.

Métrique de l'empreinte carbone	Performance de 2023
Émissions totales de carbone	215 600 tonnes métriques CO2
Crédits de décalage en carbone achetés	45 000 crédits

Règlements environnementaux affectant la construction et les opérations du cinéma

L'AMC a investi 8,7 millions de dollars en conformité avec les codes de construction environnementaux au niveau de l'État et les normes d'efficacité énergétique dans des lieux de théâtre nouveaux et rénovés en 2023.

Métrique de la conformité réglementaire	Performance de 2023
Investissement dans la conformité environnementale	8,7 millions de dollars
Les théâtres sont améliorés pour la conformité	62 emplacements

AMC Entertainment Holdings, Inc. (AMC) - PESTLE Analysis: Social factors

The social landscape for AMC Entertainment Holdings, Inc. is defined by a deep-seated shift in consumer behavior: fewer people are going to the movies, but those who do are spending significantly more for a premium experience. You need to focus your strategy on maximizing the revenue from this high-value, but smaller, audience.

U.S. theater attendance dropped by almost 10% year-over-year in Q3 2025, showing a persistent consumer shift away from frequent visits.

The core challenge remains the structural decline in movie-going frequency. In the third quarter of 2025, AMC's consolidated attendance dropped by 10.3% year-over-year, totaling 58.38 million guests. Specifically, U.S. attendance fell by 9.9% compared to the prior year. This isn't just an AMC problem; the domestic industry box office was down 11.1% in the same period. Honestly, people are choosing to stay home more often, so the industry is shrinking.

This trend is a clear signal that the mass-market, routine movie outing is largely gone, replaced by a more selective, event-driven consumer base. The long-term strategy must assume a smaller overall audience pool, which means the focus must be on yield management (getting more revenue per guest) rather than simply volume.

Consumer demand for a premium experience remains high, driving admissions revenue per patron to a record $12.25 in Q3 2025.

The good news is that when people do come out, they are paying for the best seats and the best screens. AMC achieved an all-time record admissions revenue per patron of $12.25 in Q3 2025. This metric, along with the second-highest food and beverage revenue per patron of $7.74, shows the success of the premium strategy.

Here's the quick math: total revenue per patron (admissions plus concessions) is now approximately $20.00, a massive increase over pre-pandemic levels. This willingness to pay a premium for experiences like IMAX at AMC, Dolby Cinema at AMC, and PRIME at AMC is the single most important social trend for the business right now.

• Admissions Revenue per Patron (Q3 2025): $12.25
• Food & Beverage Revenue per Patron (Q3 2025): $7.74
• Total Revenue per Patron (Q3 2025): Approximately $20.00

The business is highly reliant on a few tentpole films, creating boom-and-bust quarterly attendance cycles.

The social calendar for moviegoers is now dictated by a handful of major event films (tentpoles). This creates significant volatility in quarterly performance. For example, the CEO noted that 2025 saw a 'weak first quarter...followed by a blazing hot second quarter, which then was followed by a softening third quarter,' based almost entirely on the studio release schedule.

Q3 2025 was soft because the biggest film, Warner Bros./DC's Superman, grossed about $354 million domestically, which was a strong number but still significantly less than the $600 million-plus runs of tentpoles in Q3 of the prior year. This reliance means revenue forecasting is less about general consumer sentiment and more about specific studio film dates.

To be fair, Q4 2025 is expected to be the highest-grossing fourth quarter in six years, driven by highly anticipated titles like WICKED: FOR GOOD and AVATAR: FIRE AND ASH, but this only reinforces the boom-and-bust nature of the business.

AMC's U.S. market share increased to approximately 24%, suggesting it is consolidating the remaining movie-going audience.

Despite the overall attendance decline, AMC is capturing a larger slice of the remaining pie. The company's U.S. market share rose to approximately 24% of the domestic box office in Q3 2025. This is a clear sign of consolidation, where the largest player with the best locations and premium amenities (like recliner seating and expanded food/beverage options) is winning out over smaller, less-invested competitors.

This market share gain is critical because it means AMC is outperforming its nearest competitors, Regal and Cinemark, whose market shares are both around 15%. The social trend here is a flight to quality: if a consumer is going to make the effort to see a movie, they defintely choose the best theater experience available. Your next action should be to double down on the premium formats driving this consolidation.

Metric	Q3 2025 Value	Significance (Social Factor)
U.S. Attendance Decline (YoY)	9.9%	Persistent decline in movie-going frequency.
Admissions Revenue per Patron	$12.25 (Record High)	Strong demand for premium, high-cost experience.
Food & Beverage Revenue per Patron	$7.74 (2nd Highest Ever)	Consumers value and pay for enhanced concessions.
AMC U.S. Market Share	Approx. 24%	Consolidation of the remaining audience; flight to quality.

Next step: Operations: Review the capital expenditure plan to ensure 75% of all new investment is directed toward expanding Premium Large Format (PLF) screens by the end of Q1 2026.

AMC Entertainment Holdings, Inc. (AMC) - PESTLE Analysis: Technological factors

Continued investment in Premium Large Format (PLF) screens, like IMAX and Dolby Cinema, is key to differentiating the in-theater experience from home streaming.

You know that a standard screen just doesn't cut it anymore; the technology in your living room is too good. So, AMC Entertainment Holdings, Inc. (AMC) is pouring capital into Premium Large Format (PLF) screens to create an experience streaming simply can't match. This is a core part of the company's multi-year 'Go Plan,' which earmarks between $1 billion and $1.5 billion for investment over a four- to seven-year period, starting in late 2024.

The focus is on immersive formats. In April 2025, AMC announced a major expansion with IMAX Corporation, planning to introduce or upgrade to IMAX with Laser technology at over 180 AMC locations across the United States. This includes adding 12 new IMAX theaters and upgrading 68 existing ones. Also, a partnership with Dolby Laboratories is set to expand Dolby Cinema locations by another 40 theaters across the U.S. by the end of 2027. This is a smart move because premium formats drive higher ticket prices and concession spending, which directly boosts revenue and margins.

The company uses its AMC Stubs A-List subscription program for customer retention and predictable recurring revenue.

The AMC Stubs A-List subscription is a critical technological tool for customer retention and generating predictable, recurring revenue, which is a lifesaver in a volatile box office environment. This program essentially locks in a portion of a moviegoer's entertainment budget, making it defintely harder for them to churn (cancel their membership). As of July 2025, the program had nearly 1 million members.

In May 2025, the company adjusted the pricing and benefits, which is a key strategic lever. The monthly price for A-List was raised to $27.99 per month nationwide (or $25.99 in most other locations), but members also gained the ability to see up to four movies a week, up from three. Here's the quick math: since the cost of a single premium-format ticket often exceeds the monthly fee, the value proposition remains strong, encouraging high-frequency attendance.

Advancements in laser projection and immersive sound systems (Dolby Atmos) require high capital expenditure (CapEx) to maintain a competitive edge.

Keeping up with technology is expensive, but it's non-negotiable for a premium experience. The shift from traditional Xenon lamp projectors to laser projection is a significant CapEx item, but it offers a better picture (more vivid color, maximum brightness) and lower long-term operating costs due to reduced energy usage and elimination of bulb replacement.

The company's commitment to this is clear: an upgrade to laser projectors across 3,500 of its auditoriums nationwide is expected to be completed by the end of 2026, an initiative valued at roughly a quarter of a billion dollars. These technology investments fall under 'Growth capital expenditures,' which AMC defines as investments that enhance the guest experience and grow revenues. The financial impact of this is seen in the company's Q2 2025 results, where Total revenues were $1,397.9 million, showing that the investment is driving higher performance when content is strong.

Summary of Key Technological Investments (2025 Focus):

• Total multi-year CapEx plan: $1 billion to $1.5 billion over four to seven years.
• IMAX with Laser: Expansion to over 180 AMC locations in the U.S.
• Dolby Cinema: Expansion by 40 theaters across the U.S. by 2027.
• Laser at AMC: Expected to double or triple the existing 2,137 auditoriums over the next seven years.

Studio adoption of shorter theatrical windows (the time between cinema release and home video) pressures box office exclusivity.

The biggest technological headwind isn't a competitor's screen; it's the speed at which a movie moves from the big screen to the small screen (Premium Video On Demand, or PVOD). The shortened theatrical window pressures box office exclusivity, which is the core of the cinema business model.

As of 2025, the industry standard for most studios (excluding Disney) is a window between 18 to 36 days. Disney is an outlier with a longer, more favorable window of 60 days. The shorter windows, like the 17-day window for Universal films that don't hit a certain box office threshold, are a constant threat because they pull potential second- and third-week moviegoers out of theaters and onto home platforms.

AMC's CEO is actively pushing back on this, engaging in 'serious dialogue' with studios to re-establish a minimum 45-day window. This is a crucial fight for the industry's profitability, and the company has at least three of the six major studios in agreement that the 45-day window needs to be reinstated.

Theatrical Window Status (2025)	Window Length	Impact on AMC
Current Industry Standard (Most Studios)	18 to 36 days	Significant pressure on second/third-week box office revenue.
Disney's Current Window	60 days	Favorable, supports longer theatrical run and higher gross.
AMC's Target Window	45 days	Aims to stabilize attendance and maximize box office potential before PVOD release.

AMC Entertainment Holdings, Inc. (AMC) - PESTLE Analysis: Legal factors

You're looking at AMC Entertainment Holdings, Inc. (AMC) and need to map out the legal and regulatory risks that are defintely going to hit the P&L in the near term. The biggest legal factors right now aren't just about compliance; they're about corporate governance, capital structure, and the core business model-film licensing and labor costs.

AMC is seeking shareholder approval to increase its authorized common shares to 1.1 billion, which is a significant dilution risk for current investors.

The most immediate and material legal risk for common shareholders is the proposal to dramatically increase the authorized share count. Management is seeking approval to double the authorized Class A common stock from the current 550 million shares to 1.1 billion shares at the Annual Meeting on December 10, 2025.

This move is a necessity for the balance sheet, but it comes with a high cost to existing investors. It's primarily to give the company flexibility to raise additional capital via equity sales and to facilitate the conversion of exchangeable notes. For context, the company's net debt remains over $3 billion, so they need this flexibility to manage their leverage.

Here's the quick math on the potential scale of this dilution:

• Current Authorized Shares: 550 million
• Proposed Authorized Shares: 1.1 billion
• Potential Increase: 550 million new shares

If approved, the new shares would allow management to issue equity without further stockholder approval, which is a crucial, but painful, tool for a company still grappling with a distressed financial situation.

New sustainability disclosure rules, such as the EU's Corporate Sustainability Reporting Directive (CSRD), will increase compliance costs for its European operations.

For AMC's international footprint, specifically the Odeon Cinemas Group in Europe, new environmental, social, and governance (ESG) regulations are creating a new line item for administrative costs. The EU's Corporate Sustainability Reporting Directive (CSRD) mandates detailed reporting for the 2024 financial year, with the first reports due in 2025.

What this estimate hides is the internal resource drain for data collection and system setup. The European Financial Reporting Advisory Group (EFRAG) estimates the average annual administrative cost for large listed companies to be approximately €740,000, plus an initial investment of €430,000 (adjusted to 2025 euros). That's a significant, non-revenue-generating expense. While there is a February 2025 proposal to reduce the scope for many companies, the core requirement for large entities like AMC's European operations to report on sustainability risks and impacts remains a legal certainty.

Intellectual property and licensing agreements with film distributors dictate film availability and cost structure.

The entire business rests on the legal agreements with a handful of powerful studios. This is where the risk of concentration is highest. In the 2024 fiscal year, only seven movie studio distributors accounted for approximately 84% of AMC's U.S. box office revenues, and just five accounted for approximately 74% of its International revenues.

The key legal battleground is the theatrical window-the time a film runs exclusively in theaters before moving to home viewing. AMC's CEO has secured an agreement with a majority of major studios, with three of six major studios agreeing that a 45-day theatrical window is necessary. This 45-day minimum is a critical legal term that helps preserve the value proposition of the cinema experience and, by extension, AMC's revenue stream.

Labor laws and minimum wage hikes across its U.S. footprint directly impact the high operating expenses.

AMC is a high-touch, labor-intensive business, so the patchwork of state and local minimum wage laws in the U.S. is a constant pressure on operating expenses. While the federal minimum wage remains at $7.25 per hour, many of AMC's key markets have much higher, legally mandated floors.

This creates a complex compliance environment and a rising payroll cost base. For example, a state minimum wage increased from $16.00 to $16.50 per hour in 2025, and some local jurisdictions where AMC operates have set minimums as high as $19.20 per hour in Mountain View, California. These localized hikes create a substantial headwind for the company's labor costs, which are a major component of its general and administrative expenses.

Legal/Regulatory Factor	2025 Impact & Key Number	Direct Financial Consequence
Authorized Share Increase Proposal	Seeking approval to double authorized shares to 1.1 billion.	Significant dilution risk for existing shareholders; allows for capital raises to address over $3 billion in net debt.
EU CSRD Compliance (Odeon)	First reports due in 2025 for 2024 data.	Estimated average annual administrative cost of approximately €740,000 for large listed companies, plus initial setup costs.
Film Licensing Agreements	Three of six major studios agree to a 45-day theatrical window.	Stabilizes the core revenue model by ensuring a period of exclusivity, which directly impacts box office revenue share.
U.S. Minimum Wage Hikes	Local minimum wages reaching up to $19.20 per hour (e.g., Mountain View, CA) in 2025.	Directly increases operating expenses and payroll costs, forcing price increases or efficiency drives.

AMC Entertainment Holdings, Inc. (AMC) - PESTLE Analysis: Environmental factors

The company has a low DitchCarbon score of 25 and has not publicly committed to major 2030 or 2050 climate goals.

You're looking at a company that has, frankly, deferred its environmental homework. AMC Entertainment Holdings, Inc.'s commitment to decarbonization is demonstrably weak when benchmarked against its industry peers in 2025. The company currently holds a DitchCarbon Score of only 25. To be fair, the industry average for Recreation and Sports Services is a low 29, but AMC's score is still lower than 61% of its competitors, signaling a significant lag in formal climate action. This is a clear indicator of unmanaged environmental risk.

The core issue is a lack of formal, long-term targets. AMC has not publicly committed to specific 2030 interim goals or a 2050 net-zero commitment, which are the standard benchmarks aligned with the Science Based Targets initiative (SBTi) and global climate agreements. Without these targets, there is no quantifiable roadmap for investors or regulators to track progress. This is a strategic blind spot that will become financially material as mandatory reporting tightens.

Metric	AMC Entertainment Holdings, Inc. (2025)	Industry Benchmark (Recreation/Sports)
DitchCarbon Score	25	29 (Industry Average)
Climate Goals (2030/2050)	None publicly committed	Commonly adopted by peers
GHG Emissions Data (Public)	Not available for the most recent year	Increasingly required by regulators

New ESG regulations in the U.S. (e.g., California Climate Accountability Package) and Europe will force more transparent environmental reporting.

The regulatory environment is changing fast, and AMC's current low disclosure profile is about to hit a wall. Both the U.S. and European markets are implementing stringent new rules that will compel AMC to track and report its greenhouse gas (GHG) emissions and climate risks, whether they want to or not. Since AMC's consolidated Q2 2025 revenues were $1,397.9 million, they easily meet the revenue thresholds for these new laws.

In the U.S., the California Climate Accountability Package is the immediate pressure point:

• SB 253 (GHG Reporting): Requires companies doing business in California with over $1 billion in annual revenue to report Scope 1 (direct) and Scope 2 (purchased energy) emissions. The first report is due in June 2026, covering 2025 fiscal year data. Scope 3 (value chain) reporting follows in 2027.
• SB 261 (Climate Risk): Mandates biennial public disclosure of climate-related financial risks, starting January 1, 2026, for companies with over $500 million in annual revenue.

Plus, the European Union's Corporate Sustainability Reporting Directive (CSRD) will impact the company's European subsidiary, Odeon Cinemas Group. The CSRD is a major driver, requiring comprehensive ESG reporting, including all three scopes of emissions, for non-EU parent companies with significant EU operations. This means the lack of Scope 3 emissions data will become a compliance headache in multiple jurisdictions simultaneously.

The largest negative environmental impacts are tied to GHG emissions and the high-volume sale of concession items like fast food and beverages.

The core business model is the environmental liability. While the cinema industry is not as carbon-intensive as heavy manufacturing, AMC's largest negative impacts stem from two areas: energy consumption in its theaters (driving Scope 2 GHG emissions) and the massive volume of single-use waste from its concession business. The lack of public GHG emissions data for 2025 prevents a precise calculation, but the scale of the concession impact is clear from the financials.

Here's the quick math: In Q2 2025, consolidated food and beverage revenue per guest hit a record $7.95. That revenue is directly tied to the sale of popcorn tubs, soda cups, plastic lids, straws, and fast food packaging-all high-volume, single-use waste streams. The sheer volume of this waste, which often includes disposable plastic cups, represents a massive, unmitigated material and landfill risk that will be scrutinized under the new California and European regulations.

There are small-scale renewable energy efforts, such as a solar panel installation at a New Jersey location, serving as a minor proof of concept.

The company has demonstrated a capacity for environmental efficiency, but only on a small, proof-of-concept scale. The most notable effort is the solar installation at the AMC Marlton 8 theater in New Jersey. This project, which includes both a solar carport and a rooftop system, generates over 372 kW of solar energy.

This single location's solar array is estimated to meet over 95% of the theater's electricity needs. It's a great example of what can be done, but it is an isolated case. What this estimate hides is that with approximately 860 theaters globally, one solar installation does not materially change the overall corporate carbon footprint. The challenge is scaling this proven concept across the entire portfolio to generate a meaningful environmental and financial return.

Finance: draft 13-week cash view by Friday.