AMC expects to reopen all international theaters in three weeks
Reuters
Published Aug 06, 2020 05:18PM ET
Updated Aug 07, 2020 07:30AM ET
(Reuters) - AMC Entertainment (NYSE:AMC) Holdings Inc said on Thursday it expects all its international theaters to resume operations in the next two to three weeks, while two-thirds or more of its U.S. theaters are set to reopen later this month.
Movie theaters across the world were shuttered since mid-March when several countries imposed strict lockdowns and social distancing measures to limit the spread of the coronavirus pandemic.
"We already have resumed operations in more than 130 theaters in all of the countries we serve in Europe and the Middle East. That is more than one-third of our international theaters," Chief Executive Officer Adam Aron said.
The world's largest movie theater chain's plans come as studios push to make their movies available in living rooms sooner than the typical timeline of roughly 90 days after they debut in cinemas. Last week, AMC and Comcast Corp (NASDAQ:CMCSA)'s Universal Pictures agreed to a major shift that will allow the studio's movies to be made available to U.S. audiences at home after just three weekends in cinemas.
Walt Disney (NYSE:DIS) Co said on Tuesday its live-action epic "Mulan" will skip most of the world's movie theaters and go directly to its streaming platform in September, due to uncertainty about when big movie theater chains will reopen.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.