24/7 Wall St.

AMC Entertainment Holdings, Inc. has filed to come public in an IPO under the NYSE ticker "AC."  This filing lists up to $500 million as the amount of securities being sold for filing purposes.

AMC Entertainment posted for the 52 weeks ended June 28, 2007, on a pro forma basis, revenues of $2.4 Billion, Adjusted EBITDA of $425.6 million, a loss from continuing operations of $60.3 million.  On a historical basis it had net cash provided by operating activities of $394.7 million. In the United States and Canada, as of June 28, 2007, it operated 311 theaters with 4,597 screens.  As of June 28, 2007, it had 66 theaters with 703 screens consisted principally of wholly-owned theaters in Mexico and an unconsolidated joint venture in South America.

It also currently owns approximately 18.6% of National CineMedia, LLC; and it currently own approximately 27% of MovieTickets.com, an Internet ticketing venture representing over 10,000 screens.  One thing investors need to know is that the movie theater operation in the U.S. has been one of the most frequently changed in owners, and AMC recently became under Merger Sub in June of 2007.  AMC is also reclassifying its stock classes and it is currently held by J.P.Morgan Partners, Apollo Investment Funds, Bain Capital, Carlyle Group, Spectrum Equity Investors, and management.

Other publicly traded movie theater chains are Regal Entertainment Group (NYSE:RGC), Cinemark Holdings Inc. (NYSE:CNK), and Carmike Cinemas Inc. (NASDAQ:CKEC).  There is also of course the offshoot National Cinemedia (NASDAQ:NCMI), which AMC has had an ownership in the parent holding company of.

Jon C. Ogg
September 13, 2007

Jon Ogg can be reached at [email protected]; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.