AMC Stock Eyes Best Month Since 2021 Meme Mania — CEO Backs Paramount-Warner Deal To Boost Theatrical Releases

• Aron backed Paramount’s proposed acquisition of Warner Bros, citing benefits for theatrical releases and cinema exclusivity windows.
• At CinemaCon, Paramount CEO David Ellison reaffirmed plans for a minimum of 30 films annually across both studios.
• AMC is already benefiting from stronger theatrical demand in 2026, including record Easter weekend revenue and a firm opening for Project Hail Mary.

Shares of AMC Entertainment Holdings (AMC) are on track for their best month since the 2021 meme-stock rally after CEO Adam Aron threw his support for Paramount Skydance’s proposed Warner Bros. Discovery acquisition and its pledge to boost theatrical releases and restore longer cinema windows.

AMC stock has jumped 64% so far this month, its best performance since June 2021, when shares surged 117% amid a retail investor-driven meme-stock rally.

AMC Backs Paramount-Warner Deal

Aron said on X that AMC is not attempting to influence regulators reviewing the proposed transaction, but wanted to clarify the company’s position on the consolidation. He said, “It is time for AMC to make known our favorable view about Paramount’s desire to acquire Warner.”

He said commitments from Paramount Skydance CEO David Ellison to release at least 30 films annually across Paramount and Warner and maintain a 45-day exclusive theatrical window would represent a “significant improvement” for cinema exhibitors.

“Our knowledge of the film industry also convinces us that each of these promises is essential for the long-term health both of AMC and the broader movie theatre industry.”

Aron also praised Warner Bros.’ studio leadership and future pipeline. “The leadership of Warner Brothers’ Mike De Luca and Pam Abdy is especially noteworthy,” he said, adding the studio has been positioned to deliver “a compelling and promising slate of movies coming to delight moviegoers in 2026, 2027, 2028, and beyond.”

Paramount CEO Promises 30 Films Annually At CinemaCon

Speaking at CinemaCon in Las Vegas on Thursday, Ellison sought to reassure theater operators about the role of theatrical releases in the strategy of a combined Paramount and Warner Bros, telling exhibitors that the studios would expand their big-screen pipeline if regulators approve the deal.

“I wanted to look every single one of you in the eye and give you my word: Once we combine with Warner Bros., we are going to make a minimum of 30 films annually across both studios,” Ellison said.

He added that theatrical distribution remains key to building long-term franchises and sustaining the broader cinema ecosystem as the industry continues recovering from pandemic-era disruptions. “The theatrical experience is also smart business: Nowhere else can you launch a multiplatform franchise or IP that can grow and thrive for generations to come,” Ellison said. 

Aron also said he believes Ellison will follow through on his promise. “I am confident that David Ellison is sincere as to his intentions, and truly believe that he in fact will wind up delivering on these commitments.”

Paramount Outbids Netflix For Warner

Paramount Skydance’s proposed acquisition of Warner Bros. Discovery followed a months-long bidding contest with Netflix for control of the studio and its entertainment assets.

Paramount ultimately agreed to a $111 billion deal after improving its offer, prompting Netflix to withdraw and clearing the way for the Ellison-led group to pursue control of Warner Bros.’ film studio along with HBO, CNN and other media properties. The deal remains under regulatory review in the U.S. and internationally.

Strong Box Office Lifts AMC Demand

AMC’s supportive stance on the proposed deal comes as the company is already benefiting from strong theatrical demand so far this year. Earlier this month, AMC reported its largest combined global admissions and food-and-beverage revenue ever recorded for a five-day Easter weekend in its 106-year history, driven in part by the $372 million global debut of “The Super Mario Galaxy Movie.”

The results were also supported by continued strength from holdover titles, including “Project Hail Mary,” “The Drama,” and “Hoppers.” Over six million moviegoers attended AMC and ODEON during the April holiday, marking the company’s strongest Wednesday-through-Sunday attendance stretch of the year so far.

Last month, AMC also recorded its second-highest weekend of 2026 admissions revenue globally, driven by the over-$140 million worldwide opening weekend of Project Hail Mary. AMC has repeatedly said that a stronger, more consistent theatrical release slate remains a key driver of the company’s long-term earnings outlook and the broader recovery in cinema attendance.

How Do Retail Traders Feel About AMC?

On Stocktwits, retail sentiment for AMC has been ‘extremely bullish’ over the past week, amid more than a 50% jump in message volume. 

One user said, “I have nothing against Adam. AMC if retail buyers at current price levels could cause massive buying pressure causing shorts to cover. Already I can see as long as AMC holders hold and keep the buying pressure on!”

One user expressed optimism about AMC’s upcoming theatrical lineup, saying, “Mario still in theaters, The Mummy this weekend, then The Devil Wears Prada, Star Wars, Toy Story, Spider-Man, Mortal Kombat, Moana, OMG the lineup. “

AMC stock has slumped 43% over the past year. 

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