Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
AMC Theaters is venturing into a new business, and it will be launched next year. It was revealed that the company has entered the popcorn business and will be offering its own brand to customers in 2022.
AMC has big plans for its new popcorn business as it will not only sell its popcorn theaters but in groceries, shopping malls, convenience stores, counters, and kiosks. Apparently, the company will be jumping into the packaged food market and will be retailing its popular popcorns in various mainstream outlets in the United States.
According to CNBC, the theater and entertainment company is planning to initially launch up to five AMC Theatres Perfectly Popcorn stores. These will be stationed in malls in the first two quarters of 2022. By 2023, AMC would have already opened at least 15 retail stores.
The stores will offer traditional and gourmet flavored popcorns, plus there will also be candies and other treats commonly sold in movie theaters. It was added that customers would also be able to buy Coca-Cola drinks and bottled water. Popcorns that are not pre-packed will be made on the spot, and AMC is also planning to add delivery options.
For the pre-packed popcorn, there will also be microwavable varieties, and these will be available in supermarkets and convenience stores. While this can be exciting news to popcorn lovers, the price range for the fresh and pre-packaged versions was not mentioned.
AMC is not the first theater to get into the popcorn biz as Malco Theatres had already introduced its popcorn products last year. These are currently being sold at Kroger and Walmart outlets.
At any rate, Deadline noted that AMC Theaters’ announcement of its new popcorn business line comes ahead of its quarterly earnings report. The company is scheduled to hold its third-quarter earnings briefing early next week.
“AMC Theatres currently pops in the range of 50 tons of popcorn per day. But the popularity of popcorn extends well beyond the doors of our movie theatres,” AMC’s chief executive officer, Adam Aron, said in a statement. “With this new AMC initiative, we expect to reach entirely new segments of the U.S. population with our popular AMC Theatres Perfectly Popcorn.”
