Founded in 1920 by the Dubinsky brothers, AMC began as a modest theater chain in Kansas City before becoming a major player in the cinema industry. Known for its expansive theater network and pioneering the multiplex model, AMC made headlines with its foray into the streaming wars by acquiring a stake in "The Walking Dead," a series that bolstered its reputation during a time of fluctuating fortunes. The company's IPO in 2013 marked a significant milestone, but AMC has faced numerous controversies including its financial struggles exacerbated by the COVID-19 pandemic and the battle with hedge funds over its stock price, which led to a high-profile short squeeze in 2021. Valued around $1.6 billion as of recent estimates, AMC continues to navigate the challenges of a rapidly evolving entertainment landscape while grappling with its storied past.
