) said on Tuesday it was expecting to reopen its theaters globally in July after shutting them down in mid-March due to the COVID-19 pandemic, sending its shares up about 4% in extended trading.
AMC said it expects to run with limited capacity and blocked seating to maintain safety at its theaters, besides taking the usual precautionary measures. Much like most other out-of-home entertainment businesses, movie theater chains have also been hit by lockdowns and social distancing measures, which further added to the challenges due to a broader consumer shift to streaming services.
Enjoy the pneumonia with your stale popcorn
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC plans to reopen its theaters in JulyAMC Theatres, the world's largest movie theater owner, has announced that it is planning to reopen its roughly 1,000 theaters around the world next month JFC. The one closest to me has the WORST HVAC system and it's always hot & muggy for 50 min, then ice cold for the last 10 min of every hour. Repeat. Can you imagine the COVID19 germs flourishing in those greasy, humid, petri-dish, Entertainment Death Traps? AMCTheatres StockDweebs 🤩 Oops. Before the election. Better do a story on it
Source: CNN - 🏆 4. / 95 Read more »
AMC announces plan to reopen 'almost all' US theaters in JulyAMC Theatres announced in an earnings report Tuesday that the company expects to 'fully open globally in July.' I’ll pass I think they should take some times Man I just sold all my stock last week lmao they need to make up their mind 😭🤣
Source: ABC - 🏆 471. / 51 Read more »
AMC Theaters plans July reopeningAMC Theaters, the largest theater chain in the nation, says it plans to reopen all its locations in July. I just want the popcorn
Source: NBCNews - 🏆 10. / 86 Read more »
Movie Theater Giant AMC Eyes Reopening After Huge Coronavirus BlowAMC Entertainment Holdings, the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry. They were closed . This is no surprise Everybody needs to do their homework on AMC Theaters they are owned by the CCP They really should have planned ahead for this. Had a savings account or a second job or what have you.
Source: WSJ - 🏆 98. / 63 Read more »
AMC Theatres Discloses $2.17 Billion Quarterly Loss Amid Pandemic ClosureThe movie theater chain, which expects to be 'fully open globally' by July as it reopens, risks not surviving the coronavirus pandemic over high debt and liquidity concerns. That’s the AMC in my hometown lol RiskItForTenet
Source: THR - 🏆 411. / 53 Read more »
AMC Boss Calls Universal Relations “Warm” After Spat, But Chain Has Yet To Book Studio’s MoviesBuried in AMC’s 1Q 2020 earnings release on page 3 today was the statement, “While we are in active dialogue with Universal, no movies made by Universal Studios are currently on our docket” I will RiskItForTenet How about at Universal Citywalk? CHINA owns them as they do many of the Hollywood Studios. Great work selling out our once beloved Hollywood to a communist country responsible for the virus that shut down our country and lost Hollywood billions. Hollywood will never recover.
Source: DEADLINE - 🏆 109. / 63 Read more »