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AMC Entertainment is inching closer to a possible bankruptcy. The nation’s largest movie theater chain, whose cinema houses have been shuttered nationwide since mid-March because of the coronavirus, is in talks to hire law firm Weil Gotshal & Manges to explore a potential Chapter 11 filing, The Post has learned. Weil Gotshal’s team is headed …
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Coming to a theater near you: a marquee with no movie titles on it, but instead big letters that say “gone out of business.” With movie houses nationwide closed by the coronavirus, big cinema chains like AMC Entertainment and Regal Cinemas parent CineWorld are at risk of filing for bankruptcy in the coming weeks or …
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AMC Entertainment chief executive Adam Aron is looking at mid-June to reopen US movie theaters. The US market’s largest cinema chain shuttered all 600 of its national locations March 17 as the coronavirus ripped through the country. The pandemic has caused the temporary closure of nearly all of the country’s 40,000-plus screens. “We said we …
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As businesses nationwide struggle to survive amid the growing coronavirus pandemic, drive-in theaters in Florida are thriving. At the Ocala Drive-In, owner John Watzke said moviegoers are packing the lots in front of his two 90-foot screens as if every weeknight has become a Friday or Saturday evening. “For this time of year, business is …
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Mayor Bill de Blasio has ordered New York City’s movie theaters to indefinitely shutter due to the coronavirus pandemic — but that didn’t stop one Park Slope cinema from sending an ongoing message to its patrons. “Be excellent to each other,” reads the eastern side of Nitehawk Cinema’s marquee. “See you on the other side,” …