Following the successful launch of theatrical exhibition operations in saudi arabia, amc entertainment will transition from a management and investment role to a pure licensing relationship with saudi cinema company

Leawood, kan.--( business wire )--amc entertainment holdings, inc., (nyse:amc and ape), the largest theatrical exhibitor in the united states, in europe & the middle east and in the world, today announced that following the successful launch of movie theatre operations in the kingdom of saudi arabia in partnership with saudi entertainment ventures (seven), the company has reached an agreement to transition from a management and investment role in the saudi cinema company (scc) to a pure licensing relationship. the current amc cinemas and future locations operated by scc will retain the amc cinemas name and other ip through a licensing agreement.
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