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AMC Will Give Retail Investors Free Popcorn and Other Perks

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The promotion comes as AMC finds itself a favorite among meme stock traders.


AMC Launches Investor Connect Platform

Movie theater giant AMC announced Wednesday that it is launching a service called “AMC Investor Connect,” which provides perks to its retail investors.

The first perk is a free large popcorn when investors attend their first AMC movie this summer. Other benefits could potentially include exclusive promotions and discounts, invitations to special screenings, communications from CEO Adam Aron, and other information about the company and industry. 

The company released a statement saying the service would “put AMC in direct communication with its extraordinary base of enthusiastic and passionate individual shareholders to keep them up to date about important company information and to provide them with special offers.”

It added that over the last several months, the company has seen its “retail shareholder base grow beyond 3 million owners.” AMC claims that its retail investor shareholder base owned more than 80% of the company at the last count.

 “Many of our investors have demonstrated support and confidence in AMC,” Aron said in a statement. 

“During my five-plus year tenure as CEO at AMC, I’ve taken great pride in the relationships I have forged with AMC’s owners,” he continued. “With AMC Investor Connect, that effort in relationship building will continue apace even if our shareholders now number in the millions. After all, these people are the owners of AMC, and I work for them.”

AMC Stock Plunges Thursday Morning

The announcement shows that AMC is leaning into its newfound place as a favorite among meme stock traders.

News of the investor perks came the same day AMC’s stock soared to an all-time high. By Thursday morning, however, the company opted to sell 11.5 million shares, resulting in stocks taking an over 30% dive.

AMC even warned people not to invest in its Class A stock because of market volatility, though it noted that volatility was not a reflection on the state of the movie industry. 

“Our current market prices reflect market and trading dynamics unrelated to our underlying business,” the company said in its filing. 

The State of the Box Office

AMC’s stock frenzy aside, for the first time in over a year, the movie theater industry as a whole is in promising shape. Over Memorial Day weekend, the box office brought in nearly $100 million.

The biggest winner was “A Quiet Place Part II,” which crushed pandemic records by making $57 million over the weekend, even out-earning the opening weekend of the original “A Quiet Place.” “Cruella” took home $27 million, which is a decent haul amid the pandemic, especially considering audiences had the choice of watching it at home on Disney+ for $30.

Box office analysts believe this could be the start of a strong trend as summer blockbuster season arrives. This weekend, “A Quiet Place Part II” has the strong potential to become the first movie to cross the $100 million thresholds since the pandemic began. When “F9” comes out at the end of the month, experts think there is a chance it could become the first film to open to $100 million since shutdowns.

See what others are saying: (CNBC) (Wall Street Journal) (The Verge)

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Priyanka Chopra Jonas Says “The Activist” Reality Series “Got It Wrong”

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The controversial series is now being reworked into a documentary, which Chopra Jonas hopes will better “highlight the actions and impact” of global activists.


Priyanka Chopra Jonas Apologizes For “The Activist”

Actress Priyanka Chopra Jonas responded to controversies surrounding “The Activist,” a CBS reality competition series she was slated to co-host that is now being reworked following widespread backlash. 

“The Activist” was going to show real activists competing against one another in various challenges in an effort to promote their philanthropic causes. After many expressed disgust at the premise, CBS said it would scrap the footage already shot and turn the idea into a one-time documentary special highlighting the work and impacts of different activists.

“The show got it wrong, and I’m sorry that my participation in it disappointed many of you,” Chopra Jonas wrote on Instagram. “The intention was always to bring attention to the people behind the ideas and highlight the actions and impact of the causes they support tirelessly. I’m happy that in this new format, their stories will be the highlight.”

“I’m proud to collaborate with partners who have their ear to the ground and know when it’s time to hit pause and re-evaluate,” she added.

Chopra Jonas closed her post by thanking the “global community of activists” for their hard work, which often goes unacknowledged. 

Controversies Surrounding “The Activist”

Musician Usher and dancer Julianne Hough were cast to host alongside Chopra Jonas. After a release announcing the show and their casting went out last week, it was slammed online by activists and journalists alike. 

Actress and activist Jameela Jamil wrote that the network would have been better off donating the presumably large production costs to charity instead of “turning activism into a game.”

Women’s activist Gina Martin thought turning charity into a competition was counterintuitive, arguing “the whole *essense* of activism is solidarity and community.”

Writers from The Verge, The Washington Post, Essence, and countless other outlets likewise published pieces slamming the program. The Post’s Michele L. Norris accused CBS of ​“trying to capitalize on the current avalanche of doom in the daily news cycle.”

Norris added that the show’s “prize,” which was to attend the G20 summit in Italy, boiled down to activists fighting “merely for the right to crash an international conference and try to shake down world leaders for cash.”

Responses From Those Involved

Chopra Jonas is not the only host to address the criticism. Before the idea was canned, Hough wrote a lengthy Instagram post saying she was listening to the dialogue regarding the program. 

“There is a feeling of insult, dehumanization, insensitivity and hurt that is being rightfully felt,” she wrote. 

“I do not claim to be an activist and wholeheartedly agree that the judging aspect of the show missed the mark and furthermore, that I am not qualified to act as a judge,” she added, though she stopped short of actually stepping down from the gig. 

CBS ended up releasing a joint statement with Global Citizen and Live Nation acknowledging the failings of the concept. 

“It has become apparent the format of the show as announced distracts from the vital work these incredible activists do in their communities every day,” the statement said. “The push for global change is not a competition and requires a global effort.”

The statement said the new documentary will “showcase the tireless work of six activists and the impact they have advocating for causes they deeply believe in” without any competitive element.

See what others are saying: (CNN) (Vanity Fair) (BBC News)

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Health Officials in the U.S. and Trinidad Shut Down Nicki Minaj’s Vaccine Claims

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After the rapper claimed her cousin’s friend had severe side effects from the vaccine, Dr. Anthony Fauci said she should be “thinking twice about propagating information that really has no basis.”


Health Officials Condemn Nicki Minaj’s Vaccine Statement

Health officials in the United States and Trinidad and Tobago are refuting claims rapper Nicki Minaj made this week suggesting that COVID-19 vaccines can lead to testicular swelling.

“My cousin in Trinidad won’t get the vaccine cuz his friend got it & became impotent,” Minaj tweeted Monday. “His testicles became swollen. His friend was weeks away from getting married, now the girl called off the wedding. So just pray on it & make sure you’re comfortable with ur decision, not bullied.”

Minaj has not been vaccinated herself but did say she might receive the jab at some point so she can tour. Still, she sent several other tweets Monday peddling vaccine skepticism. 

The symptoms Minaj described in the tweet about her cousin’s friend fall more in line with those of various sexually transmitted diseases. The CDC has repeatedly noted that there is “currently no evidence that any vaccines, including COVID-19 vaccines, cause fertility problems in women or men.”

International health officials doubled down on this after Minaj’s remarks went viral. Dr. Terrence Deyalsingh, the Health Minister for Trinidad and Tobago, said his department takes every claim of this nature seriously and found no proof that Minaj’s anecdote was true after spending hours thoroughly researching it. 

“Unfortunately, we wasted so much time yesterday running down this false claim,” he said during a press conference on Wednesday. 

“As we stand now, there is absolutely no reported side effect or adverse event of testicular swelling in Trinidad, or, I dare say anywhere else?” he continued. “None that we know of anywhere in the world.” 

Dr. Anthony Fauci, the White House’s leading infectious disease expert, likewise debunked Minaj’s story while speaking to CNN.

“She should be thinking twice about propagating information that really has no basis, except a one-off anecdote, and that’s not what science is all about,” Dr. Fauci told Jake Tapper this week. 

Nicki Minaj Claims She Received Invite to Discuss Vaccines at the White House

As vaccine misinformation continues to spread and elongate the pandemic, the Biden administration has unveiled several efforts to instill trust in the science behind it. Minaj claimed Wednesday she was invited to the White House to discuss the vaccine and ask questions on behalf of those who need convincing. 

A White House official, however, claimed that she was not offered a trip but rather a call with “one of our doctors to answer questions she has about the safety and effectiveness of the vaccine.” Minaj slammed the White House on Instagram Wednesday night for undercutting her claim. 

“Do you think I’d go on the internet and lie about being invited to the fucking White House?” she said in a 14-minute video. “Like, what?!” 

“You know what the request was? ‘We’d like to offer Nicki an invitation to come to the White House to speak with two people,” she continued. “With, what is that man’s name? Dr. Fauci? And with the Surgeon General.” 

Minaj said that when she expressed concerns about traveling, they offered the chance to also do a live chat on the social media platform of her choice. Throughout the remainder of her video, she repeatedly made startling claims suggesting the media was targeting an attack on her to make her look dumb so people would stop asking questions about the vaccine. 

By Thursday, that video had been viewed over 1.6 million times. “I Stand With Nicki” trended on Twitter Thursday as some claimed the media has twisted her words, while others slammed her fanbase for supporting the rapper as she promoted misinformation.

See what others are saying: (Complex) (New York Times) (The Guardian)

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Julianne Hough Responds to Criticism Over “The Activist” Reality Series

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Many slammed the show for belittling activism efforts all over the world, and Hough said their feelings of “insult, dehumanization, insensitivity, and hurt” are justified.


Julianne Hough Responds to Criticism

Julianna Hough, one of several hosts on the upcoming CBS reality competition series “The Activist,” said Tuesday that the growing outrage against the show is “rightfully felt.”

According to Deadline, the series will follow six real activists that are “teamed with three high-profile public figures” as they fight for three major global causes: health, education, and the environment. Those activists will “go head-to-head in challenges to promote their causes, with their success measured via online engagement, social metrics, and hosts’ input.” Musician Usher and actress Priyanka Chopra Jonas will serve as hosts along with Hough. 

The activists’ goal is to amplify their message and then advance to the G20 Summit in Italy so they can raise funding and awareness for their causes, but the premise left a sour taste in many peoples’ mouths. Some argued that it was degrading to make activists compete on a stage for resources and attention, while others thought the celebrity hosts were not suited for a show about philanthropy.

On Tuesday, Hough acknowledged those complaints in a lengthy post on Instagram. She said she is listening to them “with an open heart and mind.”

“There is a feeling of insult, dehumanization, insensitivity and hurt that is being rightfully felt,” she wrote before admitting that she is not an activist and is not qualified to host the program. Hough stopped short of stepping down from the series. 

“I do not claim to be an activist and wholeheartedly agree that the judging aspect of the show missed the mark and furthermore, that I am not qualified to act as a judge.”

Hough mentioned the controversy she sparked in 2013 after wearing blackface as part of a costume. She noted that this likely added “insult to injury” regarding her casting and apologized again for the incident. Still, she said that she felt compelled to join the series so she could “be a part of something that highlights and is centered around sharing activists’ work on a larger platform.”

“I felt it would help educate, mobilize, and inspire people around the world to get involved in activism because so many worthy causes need attention, funding, and most importantly, the power to effect real change,” she added. 

Hough is not the only person to respond to the outrage the show sparked. A spokesperson for Global Citizen, an international advocacy group co-producing the show, released a statement to Deadline defending the series. 

“The Activist spotlights individuals who’ve made it their life’s work to change the world for the better, as well as the incredible and often challenging work they do on the ground in their communities,” the spokesperson said. “This is not a reality show to trivialize activism. On the contrary, our aim is to support activists everywhere, show the ingenuity and dedication they put into their work, and amplify their causes to an even wider audience.”

Backlash Against “The Activist”

Criticisms against the show started rolling in on Twitter after a press release announcing the series and its hosts was published on Sept. 9. Many, including real-world activists, were quick to express their concerns over the series. 

“Couldn’t they just give the money it’s going to take to pay this UNBELIEVABLY expensive talent and make this show, directly to activist causes? Rather than turning activism into a game,” wrote activist and actress Jameela Jamil. 

British women’s activist Gina Martin slammed the decision to cast Usher, Chopra-Jonas, and Hough as the hosts.

“Why the hell is there a TV show that turns activist into a competition when the whole *essense* of activism is solidarity and community?” Martin added. “This is the absolute worst.”

Others called the series “performative” and “horrific.” Nabilah Islam, a progressive organizer and former Georgia congressional candidate, argued that activism is difficult enough “without having to dance and sing for a bunch of millionaires while they decide who’s worthy of their crumbs.”

“The Activist” is currently slated to debut on October 22 and air for five weeks. It is unclear if CBS will be amending the show’s rollout following the ongoing criticisms. 

See what others are saying: (Deadline) (The Hollywood Reporter) (Rolling Stone)

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