Cinema chain AMC warns it may not survive the pandemic

04 Juin, 2020, 02:52 | Auteur: Christine Menetries
  • AMC Theatre

Entertainment Holdings Inc on Wednesday signaled "substantial doubts" about its ability to continue operating, if the company was forced to keep its theaters closed for a longer period because of the COVID-19 pandemic.

AMC Theatres and two other national theater chains, Regal Cinemas and Cinemark, said they won't reopen until June or July at the earliest, even if they're allowed to sooner in other states. Those release dates could change - the latest "Tenet" trailer simply said "Coming to Theaters" - as studios appear more confident they can release films in the fall with titles like "Halloween Kills" in October; "Black Widow" and "No Time to Die" in November; and "Top Gun: Maverick" in December.

Entertainment added it believes it has the cash resources to open theaters "this summer or later". AMC noted that people may be afraid to go to theaters, but hopes the desire for social distancing is temporary and that people will want to go to the movies again.

Apart from the pandemic and its economic aftershocks, the movie business in the US and Canada has benefited from rising ticket prices, but admissions have been gradually declining since 2005. The box office has become home mostly to blockbuster films: Sequels, remakes and superhero movies dominate. But Comcast's NBCUniversal released "Trolls World Tour" on video on demand in April, triggering an angry response from the theater industry, and Disney will release "Artemis Fowl" to its streaming service, Disney Plus, in June, rather than theaters. The animated film had a record-setting digital debut upon release in April.

Former US President Obama Condemns Violence at Protests — George Floyd Death
As the country's first black president, Obama is in a unique position to address the racial divide at the heart of the protests. He told everyone how to bring about real change in the system beyond the violent riots. " We have to do both ", wrote Obama.

Major League Baseball to consider short season after players' 114-game offer
The players agree that the March 26 agreement the sides forged grants Major League Baseball the right to control the length of the season.

Lewis Hamilton on racial injustice: "I am completely overcome with rage"
Hamilton stated he felt "completely overcome with rage" and felt "so much anger, sadness and disbelief in what my eyes have seen". Only now that the world is so well equipped with cameras has this issue been able to come to light in such a big way.

Theater chains are also concerned that film studios could push more movies straight to the streaming services that they own. Since the pandemic shut down theatres, entertainment companies have delayed most movies.

AMC, a publicly traded company controlled by Chinese conglomerate Dalian Wanda, has 1,000 theatres in the USA and Europe.

Cinemark, another major movie chain that is on more solid financial footing, plans to begin reopening US movie theaters on June 19.

Cinemark, another major movie chain, plans to begin reopening USA movie theaters on June 19. It said in a Wednesday filing that it believes it has enough cash to last it the rest of the year, even if its theatres remain shut.



Philadelphia Black-Owned Restaurants You Can Order From Right Now
We've included 24 Black-owned fashion brands we are honored to give our support to not just today, but year-round. If we are to be aligned with the idea that Black Lives Matter , it is time to prove it in more ways than one.

PGA TOUR announces debut of PGA TOUR University
Singh, who owns a total of 34 US PGA Tour titles, has missed eight of nine Tour cuts in the past two seasons. Phil Mickelson , however, defended Singh's right to compete in the tournament on Twitter.

Reporter assaulted during live broadcast, cameraman chases and catches man
He was arrested on suspicion of making threats to kill, possession of an offensive weapon and possession of class B drugs. A news reporter was allegedly assaulted live on air in London during Adelaide's six o'clock evening news bulletin.

Newcastle star Matty Longstaff warned against ‘dangerous move’ to Serie A
Newcastle brothers Sean and Matty Longstaff are in the process of changing agents in a bid to sort out their futures. Longstaff burst onto the scene earlier this season with a fantastic victor against Manchester United.

Masks, smaller classes likely when VCU resumes in August
Similar to Temple, Drexel University assembled a task force to decide the best way forward regarding the upcoming semester. The second phase will begin later this month and will allow research and clinics to resume at select locations on campus.

Suspect identified in disappearance of Madeleine McCann
This individual, who will not be identified, is now in prison in Germany for an unrelated matter. They are appealing for information about the van and the suspect's other vehicle, a Jaguar.

New coronavirus losing potency, top Italian doctor says
He said Saturday he would be travelling to Germany, Slovenia and Greece to persuade them Italy is safe for foreign tourists. But only 40 of Rome's 1,200 hotels have reopened, the Corriere della Sera newspaper said Monday, and just a dozen in Milan.

Amazon's four Premier League matches to be made available free
The four fixtures, which haven't yet been confirmed, will be streamed at some point after the Premier League resumes on 17 June. With Prime making its matches available, it means 33 of those matches will be shown for free.

Oil hits three-month high over hopes for output cuts
Those figures show USA stockpiles still remain high and are forecast to have risen for a second week in a row. West Texas Intermediate ( WTI ) crude for July CLc1 fell 3 cents, to $36.78.

Sedgwick County Health Department discusses antibody testing, negative test results
Therefore, scientists are not stating that positive results on the antibody test guarantee you immunity for the COVID-19 virus. In other words, she says, if you're getting tested to get peace of mind, a negative test shouldn't give you much peace of mind.