National Amusements is a private company that owns a significant portion of the movie theater chain, AMC Theatres. They also own the film distributor, Metro-Goldwyn-Mayer (MGM).
Their business model is a bit unique, as they are a private company that doesn't publicly disclose their financial information. This makes it difficult to get a clear picture of their operations and revenue streams.
National Amusements has a significant influence on the film industry, as they own a large stake in MGM, which is a major film distributor. This gives them a lot of power to shape the types of movies that get made and distributed.
Their influence extends to the movie theater industry as well, as they own a large number of AMC Theatres locations. This gives them a significant amount of control over the movie-going experience for millions of people.
If this caught your attention, see: MGM Growth Properties
About National Amusements
National Amusements was a private American movie company with a media conglomerate background. It was founded in 1936 by Michael Redstone.
The company was based in Norwood, Massachusetts, and had a global presence with over 1500 screens across the United States, the UK, Latin America, and Russia. National Amusements operated under various brands, including Showcase Cinemas, Multiplex Cinemas, Cinema de Lux, and KinoStar.
In 2017, the company had a workforce of 23,900 employees. National Amusements was also a significant shareholder in Paramount Global, holding an 80% stake in the company.
Here's a breakdown of National Amusements' key subsidiaries:
National Amusements was dissolved on August 7, 2025, and its assets were likely absorbed by its subsidiaries or other companies.
Latest News
National Amusements is facing a challenge with its lease at the Providence Place mall in Rhode Island. The lease ends on January 31, and the company doesn't plan to extend it.
The mall has been struggling financially, with its former owner defaulting on nearly $260 million in loans and being placed in receivership. This is a state-level version of bankruptcy.
A unique perspective: What Time Do Mall Stores Open
The mall has been plagued by financial challenges, changing consumer habits, and vacancies. It lost its longtime anchor tenant Nordstrom in early 2019, which was a significant blow to the city.
The mall's financial struggles are not unique to it, as movie theaters have been struggling in recent years due to competition from streamers like Netflix, Hulu, and Amazon Prime Video.
National Amusements has run the Providence Place Cinemas 16 since 2003, and it contributes nearly 10 percent of the mall's total base rent collections.
A hearing is scheduled for October 3 to discuss the early termination of the lease with the cinemas, and the mall is seeking to keep equipment and furniture used to operate the theater.
Curious to learn more? Check out: The Mall Group
Frequently Asked Questions
Has National Amusements been sold?
National Amusements is in the process of being acquired by Skydance, with a preliminary agreement reached in July 2024. The deal is still pending and subject to further review.
When did National Amusements acquire Paramount?
National Amusements, Inc. is the parent company of Paramount Global, but it does not explicitly state when it acquired Paramount. Paramount Global was formed in 2019 through the merger of Viacom and CBS Corporation, which were subsidiaries of National Amusements, Inc.
Who is the current CEO of National Amusements?
Shari Redstone is the president of National Amusements, a leading entertainment industry executive. She also serves as chair of the board of Paramount Global and co-managing partner of Advancit Capital.
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