AMC Theatres Limiting Capacity

Here we go again. AMC Theatres were planning on reopening on July 15, in time for the big release of Christopher Nolan’s Tenet. Then Tenet moved its release date (twice). And so did Disney’s Mulan. Which means there are no big blockbusters lined-up for July now. As a result, AMC has pushed its reopening date to July 30. Will that hold? Or will we be right back here again in a few weeks?

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AMC Theatres Limiting Capacity

Update: Following outcry against AMC Theatres’ statement that it would not require guests to wear masks, the theater chain is now reversing course and mandating all guests wear masks at their venues.

AMC Theatres, the largest movie theater chain in the world, has set plans to re-open most of its venues by mid-July after being shut down for nearly four months due to the coronavirus (COVID-19) pandemic. Like fellow major theater chains Cinemark and Regal that are slowly re-opening, AMC Theatres will be reducing seating capacity and implementing new cleaning procedures. But despite the still-ongoing threat of the pandemic, AMC Theatres’ re-opening plans do not include mandatory face masks.

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AMC Theatres - MoviePass E-ticketing

The coronavirus pandemic is still taking a hefty toll on the movie industry. Not only has production on film and television been shut down since March, but movie theaters have been shut down too, not only delaying the release of what would have been some of summer’s biggest blockbusters, but effectively destroying the entire business. There are some theaters that will likely be closed permanently, and if the shutdown lasts much longer, it appears AMC Theatres may not survive even if they get to reopen.

In a regulatory business filing today, AMC Theatres cast “substantial doubt” on their ability to stay in business after being forced to shut down in March. Furthermore, the chain is likely to be hurt by the fact that overall box office revenue in the United States is expected to drop by over 50% when compared to the box office receipts of 2019. Read More »

regal cinemas reopening

As we approach the two and a half months of quarantine from the coronavirus pandemic, we’re waiting to see whether Christopher Nolan’s Tenet can shoulder a burden no other film has had to carry in the modern era: can this one film save movie theaters from oblivion? The action thriller is currently slated to open in July, and while AMC has promised to open its doors in time, one of its biggest theatrical competitors, Regal Cinemas, has not yet made that same commitment.
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Trolls: World Tour Trailer

AMC Theatres has declared war against Universal Studios. And Trolls World Tour, of all films, is the inciting gunshot. AMC Theatres has announced that it will no longer screen Universal’s movies following comments by NBCUniversal CEO Jeff Shell that the studio plans to release more films day-and-date both theatrically and on VOD following the unprecedented digital success of Trolls World Tour. That’s a supremely dramatic movie that would result in AMC losing out on money from major upcoming tentpoles like F9 and Jurassic World: Dominion. But in a time of profound uncertainty, a petty standoff between studios and movie theater exhibitors is just the cherry on top.

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amc theatres reopen

Georgia, and a few more states, are making headlines by planning to reopen some businesses – including movie theaters – sooner than expected. Yet while theatres in certain places will be allowed to open soon, many of them have no plans to take advantage of this opportunity. Including AMC Theaters, who have announced they have no plans to open until at least July, when there will be big new movies to screen like Tenet and Mulan.

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movie theater federal aid

The Senate passed a massive $2 trillion stimulus package late Wednesday night that is intended to help American workers and businesses that have taken a hit by the coronavirus (COVID-19) pandemic. Among those badly affected businesses are movie theaters, which for the first time in the history of Hollywood, have shut down en masse across the country. Theater owners joined the praise for the relief package, which still has to go through the House, saying in a statement that the legislation could help the country’s struggling cineplexes as the pandemic wears on. But how much of that $2 trillion package will actually go to movie theaters?

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AMC corporate staff

Things continue to be quite dire for the movie theater industry. Last week, AMC Theatres shut down all of its U.S. and Canadian locations due to the coronavirus outbreak. Now there’s word the company has furloughed more than 600 corporate employees, including its CEO. The good news: all furloughed corporate employees will retain active employment status, which includes health benefits. The bad news: employees have reduced working hours and reduced pay – or in some cases no hours and no pay.

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AMC Theatres Limiting Capacity

This Monday, the U.S. box office saw its worst weekend in the 22-year history that exhibitors had been recording box office numbers. And it looks like things will only get worse, as the escalating coronavirus pandemic closes more businesses and movie theaters. With all the major movie theaters closing their locations across the U.S., a mere 20% of theaters remaining open in the country, and studios delaying most of their major releases amid coronavirus concerns, studios could lose as much as $2 billion.

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AMC Theatres Limiting Capacity

As concerns over the coronavirus (aka COVID-19) continue to spread, movie theaters are taking note. Last week, AMC Theatres announced they were limiting capacity by 50%. But now AMC is taking things even further. Instead of 50%, they’re capping occupancy to 50 people max. This news comes on the heels of reports that AMC might be facing a liquidity crunch so bad that they might be forced to sell off assets.

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