JUST IN: Bipartisan lawmakers unveil a federal tax credit of up to 30% to bring film and TV production back to the U.S.

Today is a discount day for AMC!!! Get em’ while you can! Next stop $3.50! (Not financial advice)

Diet Coke is amazing, especially the soda fountain version at movie theaters with salt & butter popcorn

Tom Cruise says he has “nothing against streaming or anything like that,” arguing that seeing a film in theaters is simply “a different art form”: “People want that experience. They’re going to movie theaters. I always believe in humanity.” wp.me/pc8uak-1lHMLK

$AMC just landed 3 major catalysts in a single day: • Moody’s rating upgrade • Debt restructuring • Paramount–Warner Bros. agreement

Fidelity…#AMC & #GME

Today was an important day in the history of Hollywood. State Attorneys General settled their anti-trust case, so Paramount’s acquisition of Warner Brothers will proceed. I signed on to this transaction back in April because David Ellison pledged to make at least 30 movies per year (66% more than the number made by the two studios last year) and promised to respect theatrical windows. Now with the AG action, those commitments and more will be backed up by a binding five year “Consent Decree.” But I never had any doubt in David Ellison’s desire to support theatrical exhibition. In his heart, he is a consummate movie maker. Want proof? Again watch Skydance’s Top Gun: Maverick, as I did this weekend. And he has a highly able team of executives in place at both studios. My prediction: Paramount and Warner will be in extraordinarily capable hands.

🚨 FOLLOW THE PAPER. THIS IS WHERE IT GETS INTERESTING. $AMC has real shares. $AMC also has debt and bonds. Convertible bonds can potentially become shares. Financial institutions can build SWAPS and DERIVATIVES around securities. Then contracts can be built around other financial contracts. Think about it like a house: You start with ONE HOUSE. Someone creates a contract based on that house. Someone creates another financial product based on THAT contract. Then another. Pretty soon you have a mountain of financial paper... but still only ONE HOUSE underneath it. Now here's where $AMC gets interesting. $AMC IS REFINANCING BILLIONS IN DEBT. Old notes and loans are being bought back, redeemed or repaid while new financing replaces them. In plain English: $AMC IS CHANGING PIECES UNDERNEATH THE FINANCIAL JENGA TOWER. So what happens to swaps or derivatives that reference securities being redeemed, replaced or converted? Now add ANOTHER layer: $AMC STOCK TOKENS. Robinhood says its $AMC Stock Token is NOT an $AMC share. The token itself is a debt security. You don't directly own $AMC through that token. You don't receive normal $AMC shareholder rights. The issuer is Robinhood Assets (Jersey) Limited, and Robinhood says the tokens aren't registered under U.S. securities laws or offered to U.S. persons. BUT... Robinhood also says every Stock Token in circulation is backed: 1:1 BY THE CORRESPONDING REAL SHARE. Okay. Then forget all the Wall Street alphabet soup for a minute. BONDS. CONVERTIBLES. SWAPS. DERIVATIVES. TOKENS. BLOCKCHAIN. FOREIGN ISSUERS. Strip away EVERY layer. WHAT IS SITTING AT THE BOTTOM OF THE STACK? If there are 10 million $AMC tokens... SHOW 10 MILLION $AMC SHARES. If there are 50 million... SHOW 50 MILLION. WHO HOLDS THEM? HOW MANY TOKENS EXIST? HOW MANY REAL $AMC SHARES BACK THEM? CAN ONE SHARE SUPPORT MULTIPLE FINANCIAL CLAIMS OR PRODUCTS? WHO INDEPENDENTLY VERIFIES THE COUNT? CAN INVESTORS VERIFY IT THEMSELVES? $AMC refinancing does NOT by itself prove these tokens aren't backed. But when $AMC is changing billions in debt while financial products can exist around its debt, bonds and equity, investors have every reason to ask: WHAT ACTUALLY BACKS WHAT? Call it a bond. Call it a swap. Call it a derivative. Call it a token. Issue the product through a foreign entity outside the U.S. securities-registration framework. Put it on a blockchain. Add another financial layer. NONE OF THAT CHANGES THE MATH. If you tell investors: 1 $AMC TOKEN = BACKED BY 1 REAL $AMC SHARE then this should be the easiest question in finance to answer: WHERE. IS. THE. SHARE? Show how many tokens exist. Show the corresponding shares. Show who holds them. Show who independently verifies them. Because 1:1 isn't a slogan. IT'S A NUMBER THAT SHOULD BE PROVABLE. Because 1:1 isn't a promise. It's math. And math requires proof. SHOW THE SHARE. SHOW THE COUNT. SHOW THE RECEIPTS. Because if you can't show the 1... YOU HAVE NO BUSINESS SELLING THE :1. 🔥🧾

Harvard kids singing Radiohead’s “Creep.” This could have gone very wrong. Then the lead singer opens his mouth. The Harvard Veritones have won at the International Championship of Collegiate A Cappella — the real-world competition that inspired Pitch Perfect. Turn the sound on for this one.

A warning to all you hatchet hedge fund cowboys: DON’T GET CAUGHT IN A SHORT SQUEEZE. And never manufacture FAKE NEWS to run a short and distort scheme. Big Brother is watching. This time, they aren’t happy. We the People are bringing the heat, and the government has no choice but to a few of you on the BBQ. Anyone caught running a naked short operation with complicit media players may soon be trading Wall Street for a prison cell. FOR A VERY LONG TIME. 😎

✨🚀 $AMC 🖖 #AMC 🌙✨ ✨It’s All About To Spock✨ 🔥🩳🔥 #MOASS 🔥🩳🔥 ✨ #APESNEVERLEAVING ✨

Nicole is magical on the TV screen AND the big screen. We love seeing our favorite witch back in action in PRACTICAL MAGIC 2! ✨🍿 #TheEmmys

Brett Harrison, former head of FTX US, has made a long thread regarding FTX US and his time there. In December, Unusual Whales spoke to SBF where he said tokenized shares of $AMC, $GME were backed 1:1. Here is a video of Brett saying the same from Sept from a AMA with Reddit.

Interesting how the “tokenized movie stock” menu gets selective. 👀 IMAX? Nope. Cinemark? Nope. AMC? Front and center. That’s not a detail. That’s a RED FLAG. 🚩 Why AMC? If every token is supposedly backed 1:1, OPEN THE BOOKS. Show the shares. Show the custodian. Show the audits. Show the receipts. Until then, investors have every right to question WHY AMC IS THE ONE GETTING TOKENIZED. Stop asking retail for trust. Start demanding Wall Street provide PROOF. INVESTIGATE. NOW. 🔎 #AMC #TokenizedStocks #MarketTransparency

WHY ARE WE NOT HAVING A REGULAR SHARE COUNT DONE?! We’ve been asking for YEARS. Can you please for the love of god listen to your shareholders?

Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept. I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino. If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably? Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact? Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors? Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit. Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.

$AMC Fitch Assigns AMC Entertainment First-Time 'B-‌' IDR; Outlook Positive The rating reflects AMC's leading market position, broad theater footprint, and strong exposure to premium formats, which support attendance, pricing, and operating leverage as the box office recovers. The rating is constrained by negative FCF and a complex capital structure relative to peers. The Positive Outlook reflects Fitch's expectation for continued box office recovery, with performance approaching pre-pandemic levels and AMC's ability to monetize attendance through pricing and concessions, supporting revenue growth and margin expansion. fitchratings.com/research/co…

More good news about AMC’s business prospects. This new rating of our debt by the prominent ratings agency Fitch meshes with that of Standard & Poor‘s, which upgraded AMC’s debt in July. “RATING ACTION COMMENTARY: Fitch Assigns AMC Entertainment First-Time 'B-‌' IDR; Outlook Positive The rating reflects AMC's leading market position, broad theater footprint, and strong exposure to premium formats, which support attendance, pricing, and operating leverage as the box office recovers. The rating is constrained by negative FCF and a complex capital structure relative to peers. The Positive Outlook reflects Fitch's expectation for continued box office recovery, with performance approaching pre-pandemic levels and AMC's ability to monetize attendance through pricing and concessions, supporting revenue growth and margin expansion.” fitchratings.com/research/co…

Banner headline and article in Variety: Summer Box Office Breaks All-Time Record With $4.67 Billion “Need proof the movies are really, truly back? The summer box office was already the biggest since COVID upended the industry in 2020 — and now the season has become the highest-grossing of all time. Domestic ticket sales from May 1 through Labor Day on Sept. 7 stand at $4.76 billion, according to Rentrak.” variety.com/2026/film/box-of…

Vlad: I am saying all $AMC tokens are backed by shares held by a German custodian who never verifies anything. What's the concern?