theaters

For weeks now, as COVID-19 restrictions across the country begin to ease (or, in some cases, even where they haven’t), national and local news outlets have relentlessly reported on a seeming torrent of people streaming into public spaces. The coverage points to a common sense understanding: Spending two months sheltering in place with little-to-no human …

Shakespeare’s Globe theater in London could be shuttered permanently because of coronavirus restrictions. The art space, a reconstruction of the original playhouse where William Shakespeare showcased his most famous work, is on the brink of bankruptcy since closing amid the pandemic in March. “Despite being well-managed, well governed, and – crucially – able to operate …

Sony said Wednesday that operating profit could fall 30 percent or more in the current fiscal year as the coronavirus hits the box office, as well as consumer demand for smartphones, video-game consoles and other electronics. The Japanese conglomerate, which owns film and TV studio Sony Pictures, sounded alarm bells as it reported results for …

The novel virus is bringing back retro fun. Drive-in theaters may call to mind a bygone era of 1950s Americana, but the nostalgic setup is having a comeback due to the coronavirus. Now, theaters like Astoria, Queens’ Bel Aire Diner have recently started hosting pop-up drive-in movies in their adjacent parking lots — and the initiative …

Shares of AMC Entertainment soared more than 50 percent on Monday after a report claimed that Amazon had expressed interest in acquiring the beleaguered movie chain. Amazon, headed by billionaire Jeff Bezos, held prospective buyout talks with top brass at AMC, the nation’s largest movie theater chain, according to an unconfirmed report by The Daily …

A battle is brewing between movie theaters and Universal Pictures over its decision to release “Trolls World Tour” directly to home video-streaming services during the coronavirus lockdown. Both AMC Entertainment and Regal Cinemas, the nation’s top two theater owners, are threatening to boycott Universal Pictures’ films from its screens after Jeff Shell, chief executive of …

Universal Pictures’ bet to release kids movie “Trolls World Tour”  directly to video-streaming services during the coronavirus lockdown has spurred a surprise windfall — and it could be bad news for movie theaters, according to a report. Last month, in the days before the nation’s movie theaters were closing down, executives at Universal Pictures parent …

Drive-in movie theaters — a tiny, nearly forgotten sliver of the US cinema business — may be poised for a comeback as the coronavirus has shuttered indoor movie theaters nationwide. The coronavirus has wreaked havoc on the movie theater industry with over 40,000 screens closed in the US alone — but a small group of …

Struggling movie theater chain AMC Entertainment, whose movie houses got shuttered nationwide last month by the coronavirus, said late Thursday it will raise $500 million in debt to stay afloat. The largest cinema chain in the US has been the subject of bankruptcy rumors since it shuttered 630 theaters nationwide amid coronavirus restrictions in mid-March. …

Cinemark, the third-largest movie theater chain in the US, has laid off half of its corporate staff and furloughed 17,500 hourly workers due to coronavirus pandemic restrictions. Cinemark said the 50 percent of workers who have been furloughed at its Plano, Texas, headquarters will continue to receive 20 percent of their salary as well as …