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AMC Leisure Holdings Inc (NYSE: AMC) shares are transferring larger in Monday’s after-hours session after the theater chain introduced a partnership with Zoom Video Communications Inc (NASDAQ: ZM).
The brand new partnership will flip some AMC places in the US into Zoom Rooms. The rooms will allow firms to carry individuals from totally different markets collectively on the identical time for cohesive digital and in-person occasions and assembly experiences.
“AMC has an abundance of engaging theatres at centrally positioned venues in metropolis after metropolis after metropolis, every with ample seating capability, particularly so throughout daytime hours on weekdays when most conferences happen,” stated Adam Aron, chairman and CEO of AMC.
“Zoom Rooms at AMC broadens our scope, as we now can take part as properly within the multi-billion marketplace for company and different conferences.”
AMC and Zoom at present anticipate launching Zoom Rooms at AMC in as much as 17 main U.S. markets someday in 2023.
AMC is about to report its third-quarter monetary outcomes after the market shut on Tuesday.
See Additionally: AMC Leisure Q3 Earnings Preview: Apes Face Probably Weak Quarter Riddled With ‘Launch Slate Holes’
AMC Worth Motion: AMC has a 52-week excessive of $34.33 and a 52-week low of $5.42.
The inventory was up 1.5% in after hours at $5.41 at time of publication, in line with Benzinga Professional.
Photograph: Dave Dugdale from Flickr.
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