Universal's decision to release "Trolls" on demand caused a feud between the studio and AMC leading to the chain to ban Universal's films from its theaters. We do … Financial analyst S&P Global stated, “We expect AMC Entertainment Holdings Inc.’s (AMC) theaters will remain closed beyond June due to the impact of the global pandemic. Report: AMC Theaters May Be Shutting Down and Closing Permanently. Powered and implemented by FactSet Digital Solutions. AMC Theatres, the largest movie theater chain in the U.S., is in a dire situation. Cinemark also is operating 80% of its U.S. theaters … AMC Theaters, the largest theater chain in the United States, will shut its doors nationwide for between six to 12 weeks. This material may not be published, broadcast, rewritten, AMC Theatres, one of the biggest movie theater chains in New Jersey and the country, has permanently closed its location in Hamilton as the COVID-19 pandemic continues to … Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. AMC would still need to close some theaters in bankruptcy, but only one-quarter may need to be shuttered, the source said, noting that a bankrupt … The company issued … Private Theatre Rentals; AMC Artisan Films; Indian Cinema; Asian-Pacific Cinema; Pantallas AMC; Film Festivals; Fathom Events; The Metropolitan Opera; Sensory Friendly Films; Groups & Events; More. In the early days of the pandemic following the closing of all major theaters, Universal was the first studio to release a movie that had been planned for theaters, as a Premium VOD option. 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The company also said that its revenue fell to $941.5 million, which was down roughly 22% from $1.2 billion in the same quarter last year. See which theatre is nearest to you. Nearly all of the nation's movie screens have gone dark after AMC Theatres and Cinemark announced Tuesday that they would close, a day after Regal. All rights reserved. All times are ET. It said in a Wednesday filing that it believes it has enough cash to last it the rest of the year, even if its theaters remain shut. AMC Entertainment Holdings Inc. needs to raise at least $750 million to stay open and might go bankrupt if the effort doesn’t succeed. But the coronavirus sent movie theaters into a tailspin, forced to close … Mutual Fund and ETF data provided by Refinitiv Lipper. Movie theaters near me. AMC said it had enough cash to reopen its theaters this summer, as it … Movie theater chain AMC revealed back in June that it was considering filing for bankruptcy, putting the future of the theaters in question. Market data provided by Factset. AMC Oakview is the only theater closing in the Omaha metro under the agreement. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. "We believe we have the cash resources to reopen our theatres and resume our operations this summer or later," AMC said. Market data provided by Factset. Factset: FactSet Research Systems Inc.2018. AMC, a publicly traded company controlled by Chinese conglomerate Dalian Wanda, has 1,000 theaters in the U.S. and Europe. Disclaimer. Legal Statement. AMC theaters will open back up, and you won't believe the price! or redistributed. Since the pandemic shut down theaters, entertainment companies have delayed most movies. Theaters for 6 to 12 Weeks Due to Coronavirus: The largest theater chain in the U.S. closes alongside Landmark Theatres, Alamo Drafthouse, and more. Fox News Flash top entertainment and celebrity headlines are here. But if it’s not allowed to reopen, it will need more money, which it may not be able to borrow. AMC theaters at Westroads and in Council Bluffs are still open. This quarter, the situation has gotten substantially worse. Our best staff images from November 2020 AMC said it had enough cash to reopen its theaters this summer, as it plans to do. AMC movie theaters to close. Movie theaters large and small were closed because of the outbreak and some of the year's biggest films — "Mulan," "Wonder Woman 1984" and "F9" — were delayed. As it stands, there are approximately 1,000 AMC theaters across the country. The company plans to push film studios to work with them to bring back live theater experiences. AMC Theatres is warning its investors that if it doesn’t find $750 million, it will run out of cash by the middle of January 2021. “Due to these factors, substantial doubt exists about our ability to continue as a going concern for a reasonable period of time,” AMC wrote in a regulatory filing. 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And people may not want to go sit in crowded spaces because they fear the virus. Quotes displayed in real-time or delayed by at least 15 minutes. Check out what's clicking today in entertainment. AMC operates 26 theaters in New Jersey … Alex Scott/Bloomberg via … AMC believes that desire for social distancing is temporary and that people will want to go to the movies again. Regal Cinemas is closing its U.S. movie theaters … AMC Will Close U.S. The company said that even when local governments allow theaters to reopen, AMC may still have problems if entertainment companies delay releasing new films. AMC, the world's largest movie theater chain, warned Wednesday that it may not survive the fallout from the coronavirus pandemic. All rights reserved. All rights reserved. All of AMC's theaters are shut down through June, which means the company isn't generating any revenue. "We are generating effectively no revenue," the company said in a regulatory filing Wednesday. Sequels, remakes and superhero movies dominate the box office. 50 best on Hulu 100 Black novelists … AMC Theatres announced on Monday that it will close all theaters nationwide for six to 12 weeks in response to the coronavirus pandemic. Powered and implemented by FactSet Digital Solutions. Will audiences go back to movie theaters after the pandemic ends? Both AMC Theatres and Cinemark have pledged to stay open, despite the lack of new movies to show and the uncertainty over when movie theaters in New York City and Los Angeles will be … Movie theaters like AMC also faced another existential threat. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The Associated Press contributed to this report. AMC Entertainment plans to sell 20 million of its Class A shares, netting $47.7 million, as it contends with ongoing movie theater closures. NOTE: This story has been updated with announcements Tuesday from Paragon Theaters and AMC Theatres. New York (CNN Business)AMC Theatres, the world's biggest movie theater chain, said on Wednesday that it has "substantial doubt" it can remain in business after closing locations across the globe during the coronavirus pandemic. AMC announced it was closing all of its theaters on March 17 for up … The AMC 24 movie theater on Sloan Avenue in Hamilton has closed down for good. The closing is the most visible central Ohio illustration of how the pandemic has crushed the theater industry, including AMC Entertainment, which owns the world's largest movie theater circuit. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Theater chains are also concerned that film studios could push more movies straight to the streaming services that they own. The company said that it had a cash balance of $718.3 million as of April. 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