Shares of AMC spiked more than 17% following the news. Since January, shares of the company are down nearly 30%, and the stock has more than halved since last year.
Movie theaters across the globe have been hit hard by the outbreak, but AMC, in particular, faced increased financial pressure. Before the pandemic, AMC had amassed more than $4.75 billion in debt from outfitting its theaters with luxury seating and from buying competitors such as Carmike and Odeon. In June, the company acknowledged that the coronavirus could push it into bankruptcy. AMC was able to closePlans to reopen AMC theaters have been on ice for months. Initially, the company sought to rehire staff and open in June, but the continued shifts in the theatrical calendar of big blockbusters such as "Tenet" and "Mulan" made that strategy impossible.
Finally, the release calendar seems to have settled, with both Russell Crowe's "Unhinged" and the 10th anniversary rerelease of Christopher Nolan's "Inception" arriving on Aug. 21. The following week "The New Mutants" is set to debut, followed by "Tenet" over Labor Day weekend.
Hahahahahaha Anyone buying these shares now is going to lose money in very short order NOBODY wants to go to a cinema in the forseeable future whilst the virus is still a threat
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AMC Entertainment Offering 15-Cent Tickets On August 20 Reopening To Celebrate 100th AnniversaryAMC Entertainment said it will charge 15 cents a ticket when it reopens theaters at more than 100 locations on August 20, celebrating the chain’s 100th anniversary. For a “Centennial Ce… How about some Remdesevir at the concession stand? 2 for 1 Rona. So AMCTheatres lowered the price to pay for them to get you sick! Yay.
Source: DEADLINE - 🏆 109. / 63 Read more »
AMC Theatres Charging 15 Cents a Ticket on Opening DayAMC Theatres has just endured one of the most traumatic periods in its hundred-year history. As the theater chain looks to reopen 100 of its locations on Aug. 20 after shutting them down last sprin… And a large soda and popcorn for $75. That’s how you get those Covid sales! It's so moviegoers can use the rest of their money for their medical covid bills...
Source: Variety - 🏆 108. / 63 Read more »
AMC Offers 15-Cent Tickets To Lure Cinemagoers As Industry Tries To Bounce BackAMC, the nation’s largest movie theater chain, is advertising a one day 15-cent deal on tickets to classic movies as the industry tries to bounce back I wouldn't go if it was free. So it's OK to go to movies but not Outdoor sporting events, or for businesses to be 100% open? This makes sense HOW? Money lives. yet again. we'd all be going to hell, if we weren't already living in it.
Source: Forbes - 🏆 394. / 53 Read more »
AMC to open 100 theaters next week, majority of locations in SeptemberThose who return to enjoy the big screen next Thursday will notice the movie-going experience looks a little different. 😹😹 Nobody: Covid: TALK ABOUT IT! abcnews CBSNews CNN reuters His name was Cannon Hinnant. He was 5 years old and now he is gone....Mention it at the very least!
Source: NBCNews - 🏆 10. / 86 Read more »
AMC Theatres announces reopening plan: Here's what you need to knowIn an email sent to the company's 'A List' members, the theater chain announced that movies will resume starting Aug. 20. Good What fun...Friday night date night and the plague. 🙄
Source: ABC - 🏆 471. / 51 Read more »
AMC Theatres Plans 15-Cent Movie Tickets for U.S. Circuit RelaunchAMC Theatres will reopen its U.S. screens on Aug. 20 with 15-cent movie ticket pricing, recalling the cost of attending the chain's first Kansas City location in 1920. Cute scheme, but you'd have to pay me to go to the movies during a PANDEMIC. They couldn’t pay me to go - unsafe in a pandemic Masks or no-masks? Even if the films are free we won't be back inside a theatre for years. May never buy $8 popcorn again.
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