July 23, 2020
AMC Theatres, the nation’s largest movie exhibitor, July 23 announced it is further delaying re-opening more than 600 theaters in the United States to mid-August.
The chain had originally planned to restart operations July 15 following mid-March global shutdowns due to the coronavirus pandemic, but then pushed the date back to July 30 when studios Warner Bros. and Disney delayed the release of tentpole titles Tenet and Mulan, respectively. With virus infection surges in Arizona, California, Florida and Texas, the entertainment industry remains on a wait-and-see reality.
“This new timing reflects currently expected release dates for much anticipated blockbusters like Warner Bros.’ Tenet and Disney’s Mulan, as well as release dates for several other new movies coming to AMC’s big screens,” the company said in a statement.
Looking abroad, approximately one-third of all AMC cinemas in Europe and the Middle East are already open and are operating normally.
AMC Entertainment earlier this month made moves with institutional investors to reduce its debt load by $460 million, in addition to securing $300 million in new financing.