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AMC Theatres CEO Adam Aron Ecstatic on Bob Iger’s Return to Disney

Apparently restored Disney CEO Bob Iger can turn back the hands of time, according to Adam Aron, CEO of AMC Entertainment, the world’s largest theatrical exhibitor.

Iger Sunday evening was unexpectedly re-named Disney CEO less than three years after retiring and handing the position to Bob Chapek.

Bob Iger and Adam Aron

For Aron, Iger’s comeback portends a return to the halcyon days of 2019 when Disney dominated the global box office with $11 billion in ticket sales. Disney did that on the backs of no less than seven of the Top 10 grossing movies that year. They included Avengers: Endgame, The Lion King, Toy Story 4, Frozen II, Captain Marvel, Star Wars: Episode IX – The Rise of Skywalker, and Aladdin.

“Disney is the biggest filmmaker of any movie studio,” Aron tweeted. “Bob Iger coming back to again lead Disney as its CEO is a big deal. Let me shout this from the mountain top: I have the absolute highest respect for Bob Iger.”

While few believe any studio will ever again dominate the box office like Disney did that year, the studio has three movies in the Top 10 this year, including Doctor Strange in the Multiverse of Madness, Thor: Love and Thunder, and Black Panther: Wakanda Forever. The company’s 20th Century Studios unit is expected to have another blockbuster on its hands when the long-awaited sequel Avatar: The Way of Water debuts on Dec. 16.

This is all gravy to Aron, who sees increased concession sales and ticket revenue going forward. While the news jumpstarted Disney shares, AMC Entertainment Holdings are down more than 4% in trading at the market close.

AMC posted a net loss of $226.9 million on revenue of $968.4 million in the most-recent fiscal period.

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