More On: amc
What's Driving China's Economic Surge Over the United States?
China's Innovation Methodology
In the wake of the recent surge, AMC stock is expected to trade over $20.
China will soon decide what you will eat and what you will not eat today
11 symbol U.S. corporations that are no longer American
Regal Entertainment parent Cineworld Group said Tuesday it will reopen select theaters at the end of the month in some of its markets. All 787 of the company’s theaters are expected to be up and running by July 10. The move comes after cinemas worldwide have temporarily shut their doors due to the coronavirus pandemic, …
Regal Entertainment parent Cineworld Group said Tuesday it will reopen select theaters at the end of the month in some of its markets. All 787 of the company’s theaters are expected to be up and running by July 10.
The move comes after cinemas worldwide have temporarily shut their doors due to the coronavirus pandemic, wreaking havoc on the industry financially. In the US alone, over 40,000 screens have dimmed under stay-at-home orders. The nearly four-month hiatus has been crippling for movie theaters owners like Cineworld and AMC, which has been fending off bankruptcy.
But last month, Cineworld said it rolled out a number of safety precautions in anticipation of a July opening, including limited seating.
On Tuesday, the company gave a definitive plan, in which theaters in the US and the UK will reopen on July 10. The company’s theaters in Czech Republic and Slovakia will open on June 26. Theaters in Poland and Bulgaria will reopen on July 3, followed by Israel, which will reopen on July 9.
Last week, AMC said its planning to reopen all 1,000 theaters globally next month, as well.