Adam Aron, the head of AMC Theatres, has voiced support for Paramount Global’s potential acquisition of Warner Bros., pushing back against growing concerns within Hollywood about consolidation in the entertainment industry.

AMC Entertainment Holdings Inc. AMC drew fresh attention after CEO Adam Aron publicly endorsed Paramount Skydance's plan to buy Warner Bros. Discovery, saying it could strengthen the flow of movies that stay exclusive to theaters longer.

Odeon Finco PLC ("Odeon"), a wholly-owned subsidiary of Odeon Cinemas Group Limited ("OCGL") and AMC Entertainment Holdings, Inc. (NYSE: AMC) ("AMC"), announced today that it has entered into a Credit Agreement with Deutsche Bank AG New York Branch and borrowed $425.

AMC Entertainment Holdings (NYSE:AMC) currently trades around $1.39, while Wall Street has a consensus price target of $1.72. This implies that analysts see roughly 23.75% upside for the stock today from current levels.

AMC CEO signals deepening ties with Netflix and eyes more theatrical events for streaming hits.