Marquee Holdings Inc. Announces Extension of Consent Solicitation and Increase of Consent Fee.

KANSAS CITY, Mo. -- Marquee Holdings Inc. ("Marquee"), the parent of AMC Entertainment Inc., announced today that it has extended until 5:00 p.m., New York City time, on June 12, 2007, unless otherwise terminated or further extended, its previously announced solicitation of consents (the "Consent Solicitation") from holders of its 12% Senior Discount Notes due 2014 (the "Notes") to amend the indenture governing the Notes (the "Amendment"). Marquee further announced that it has increased the consent fee to consenting holders from $10.00 to $14.44 for each $1,000 in principal amount at maturity of Notes as to which consents are delivered, subject to the conditions described in the consent solicitation statement of Marquee dated June 5, 2007 and the accompanying Letter of Consent (the "Consent Solicitation Documents").

The Amendment would revise the restricted payments covenant to permit Marquee to make restricted payments in an aggregate amount of $275.0 million prior to making an election to pay cash interest on the Notes. The Amendment will also contain a covenant by Marquee to make an election on August 15, 2007, the next semi-annual accretion date under the Indenture, to pay cash interest on the Notes. As a result, Marquee would be required to make its first cash interest payment on the Notes on February 15, 2008.

All holders of the Notes who have previously delivered consents do not need to redeliver such consents or take any other action in response to this extension in order to receive the increased consent fee upon the successful conclusion of the Consent Solicitation. Other holders of notes may use the previously distributed Letter of Consent for purposes of delivering their consents. Marquee reserves the right to terminate, withdraw or amend the Consent Solicitation at any time subject to applicable law.

Marquee has retained J.P. Morgan Securities Inc. to act as solicitation agent in connection with the Consent Solicitation. Questions about the Consent Solicitation may be directed to J.P. Morgan Securities Inc. at [phone] (toll free) or [phone] (collect). Copies of the Consent Solicitation Documents and other related documents may be obtained from MacKenzie Partners, Inc., the information agent for the Consent Solicitation, at [phone] (toll free) or [phone] (collect) or via email at [e-mail].

The Consent Solicitation is being made solely by means of the Consent Solicitation Documents. Under no circumstances shall this press release constitute a solicitation of consents to the Amendment. No recommendation is made as to whether holders of the Notes should give their consent.

Forward-Looking Statements 

Certain statements in this press release, as well as reports and other information Marquee files with the Securities and Exchange Commission, include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. The words "forecast," "estimate," "project," "intend," "expect," "should," "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, which may cause Marquee's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the following: national, regional and local economic conditions that may affect the markets in which Marquee operates; the levels of expenditures on entertainment in general and movie theatres in particular; increased competition within movie exhibition or other competitive entertainment mediums; technological changes and innovations, including alternative methods for delivering movies to consumers; the popularity of theatre attendance and major motion picture releases; shifts in population and other demographics; Marquee's ability to renew expiring contracts at favorable rates, or to replace them with new contracts that are comparably favorable to Marquee; Marquee's need for, and ability to obtain, additional funding for acquisitions and operations; risks and uncertainties relating to Marquee's significant indebtedness; fluctuations in operating costs; capital expenditure requirements; changes in interest rates; and changes in accounting principles, policies or guidelines. This list of factors that may affect future performance and the accuracy of forward-looking statements is illustrative but not exhaustive. In addition, new risks and uncertainties may arise from time to time. Accordingly, all forward-looking statements should be evaluated with an understanding of their inherent uncertainty. Except as required by law, Marquee assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

About Marquee Holdings Inc. and AMC Entertainment Inc.

Marquee Holdings Inc., together with its direct subsidiary, AMC Entertainment Inc., is a worldwide leader in the theatrical exhibition industry. With a history of industry leadership and innovation dating back to 1920, the company today serves more than 230 million guests a year and has interests in 382 theatres and 5,340 screens in 10 countries including the United States. The company is headquartered in Kansas City, Missouri. Additional information is available online at www.amctheatres.com.