, AMC reopened more than 100 theaters across the country for the first time since March, when the spread of COVID-19 forced film exhibitors around the world to shutter. Since then, the chain has been been struggling as studios have opted to take upcoming tentpoles likeoff the calendar. While it’s long been clear that exhibitors like AMC are facing immense difficulties, the company’s latest public filings show just how dire the situation has become.
AMC’s struggle is exemplary of the issues facing theater chains around the world, arriving on the heels of Regal’s decision to re-close all 536 of its theaters in the U.S. on October 8. Back in September, that chain was quick to follow AMC’s decision to re-open—but the reality of the pandemic has since prompted the exhibitor to, again, close up shop. “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S.
Source: Entertainment Trends (entertainmenttrends.net)
J_Bart87
Perhaps the CEO and board should take a pay cut.
Bankruptcy & regroup.
YNB The movie studios are going to need to step in and help this company otherwise they will have no way to show their films... Streaming is one thing but box office is still box office
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