AMC Theaters detailed its plans to reopen theaters across the United States, in addition to a new deadline for its MoviePass-style A-List subscription, in an email sent to customers on Wednesday. Then they’ll tell their friends to go out and see a movie.”. AMC Theaters, which owns the AMC Champaign 13 at 910 Meijer Drive, C, and AMC Classic Village Mall 6 in Danville, plans to reopen its U.S. movie theaters in mid- to late August. Cinema owners are hopeful they will be able to ramp up for at least part of the summer. Reopening dates and this list of theatres may change and will be updated if needed. The stock rose 14.4 percent on Thursday and closed at $5.31 with a market capitalization of $580.5 million. Struggling AMC to raise $500 million amid the coronavirus crisis. AMC hopes that it will be able to have half of its auditoriums full by Labor Day and projects that it will be at full capacity by Thanksgiving. Can You Buy WWE Stock and Is It a Good Buy? AMC Theatres, the nation’s largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.They’re calling the reopening "Movies in 2020 at 1920 Prices.” https://t.co/zaEZMJMHSH. AMC reported its second-quarter earnings results on Aug. 6. AMC’s announcement comes a day after Plano, Texas-based rival Cinemark said it will start reopening Friday, adding a long list of new measures that it hopes will counter risks of coronavirus outbreaks. During phase two, AMC’s advance ticketing system will automatically block out one seat on either side of every party and the seats in the rows in front of and behind each party. Employees will be required to wear face masks and get their temperatures checked before each shift. The theater is attempting to open in … AMC Theatres, the world’s largest cinema chain, will reopen most of its U.S. theaters on July 15, the Leawood, Kan.-based exhibitor said Thursday. Among the ten analysts covering AMC stock, seven recommend a hold, while three recommend a sell. The AMC Theaters reopening plan kicks off August 20 with more than 100 US locations, with the aim of opening two-thirds of its locations by September. Theaters should be able to operate profitably, even when limiting the number of tickets sold, exhibition executives say. Analysts' target price for the stock has fallen from $3.83 in July—a reduction of 8.6 percent. Its food service will operate with a limited menu at first to decrease the amount of time servers spend interacting with guests. A new social experiment. The company closed all of its U.S. theaters in March amid the coronavirus outbreak to avoid spreading the illness. Continue to check back here for updates, or if you’re opted in to receive communications from AMC, we will let you know when your favorite theatre reopens. In interviews with The Times, 12 people accused Magic Castle management, performers and others of abuses, as the legendary Hollywood club dedicated to the craft of magical performance wrestles with allegations and membership unrest. However, AMC plans to reopen about 100 U.S. theaters on Aug. 20 to celebrate its 100 years in business. L.A.’s new rules created lots of confusion. When will California’s stay-at-home order hit my community? AMC, owned by China’s Dalian Wanda Group, lost more than $2 billion in its most recent fiscal quarter. The company aims to be fully open with normal seating by late November. Actors allege that changes made to a union health plan will make it harder for them to keep their insurance during the pandemic. What Would Happen if Alibaba Is Delisted From U.S. Stock Exchanges? The chain hopes the steps will lead to a return of normal operations in time for the key holiday movie season. The warning is typical of … After Aug. 20, the movie tickets will still be available at a lower rate than usual. These 7 AMC theaters are reopening with 15-cent tickets for a day A lineup of throwback movies will screen for cheap as the chain welcomes back viewers. Updated 6:39 PM ET, Thu June 18, 2020 New York (CNN Business) AMC Theatres — the world's largest movie theater owner — announced Thursday that it … For its reopening plan, AMC said it consulted with experts from Harvard University’s School of Public Health and the Clorox Co. AMC’s auditoriums will be cleaned between each showtime, surfaces will be disinfected routinely, and hand sanitizer and hygienic wipes will be widely available at theaters, the company said. These Kansas City metro locations are on the list By Anna Spoerre And Robert A Cronkleton, The Kansas City Star 8/13/2020 5 … The reopening is the first step in AMC's phased plan for the US. AMC, which has 18 locations in Alabama, warned in June in a public filing, that it had uncertainty about its future beyond reopening. You may occasionally receive promotional content from the Los Angeles Times. “These are all things designed with one thing in mind, make our theaters safe, and convince our guests that our theaters are safe,” Aron said in an interview. The world's largest movie theater chain will reopen more than 100 US theaters on August 20, the company said. Amid the COVID-19 pandemic, federal guidelines will leave decisions about reopening businesses to the states. Here’s what to look for. According to a CNN report, “AMC said that it's implementing new safety and health measures to help keep moviegoers safe and curb the spread of coronavirus. Need to cancel your holiday travel plans amid COVID? Tickets for moves such as Black Panther, Back to the Future, Inception, and Ghostbusters will cost $5. It remains unclear how eager people will be to return to theaters, especially in cities such as Los Angeles and New York, which have been hard-hit by the virus. Here’s what they actually mean for you, COVID-19 deaths and hospitalizations in U.S. smash records for a single day, The streaming wars are here. The company expects to reopen two-thirds of its nearly 600 U.S. theaters before the release of Christopher Nolan's thriller Tenet on Sept. 3. However, recently, … On Thursday, AMC Entertainment stock surged 14.4 percent after the company announced that it will reopen some of its theaters on Aug. 20. Closures and delayed movie releases have been brutal for cinemas. AMC hopes to gradually increase the amount of seating it has available to 50% roughly by Labor Day weekend, depending on how the virus situation progresses. AMC Chief Executive Adam Aron said the company has worked for months on its four-phase plan for limited capacity and strict sanitation protocols that he hopes will make customers feel safe returning to theaters for the first time since mid-March. The chain touted the reopening as “Movies in 2020 at 1920 Prices.” After several false starts due to a summer rise in coronavirus cases throughout much of the U.S., widespread moviegoing is currently set to resume in late August. The company is also investing millions of dollars in new sanitation equipment, including electrostatic sprayers, HEPA vacuums and upgraded MERV 13 ventilation filters, Aron said. AMC reported total revenues of $18.9 million in the second quarter, which was 99 percent lower than the second quarter of 2019. Reportedly, the chain has lost upwards of $2.4 billion because of the shutdown. Here’s the latest on changes and refunds. Is DocuSign More Than Just a Work-From-Home Stock? Warner Bros.’ 2021 movies: What will debut on HBO Max and in theaters? “The way our industry is going to recover back to financial health is if people go to a movie theater, enjoy a great movie on a big screen, and they feel safe. Whether guests will have to wear face coverings will depend on local public health guidelines. AMC Theatres has unveiled a new promotion in an attempt to bring in moviegoers, offering a discounted version of the Stubs A-List program.Like all movie theaters, AMC is hurting right now as a result of the coronavirus pandemic. Their 12-month mean target price for AMC stock is $3.50, which is 34.1 percent lower than its price on Thursday. The studios were not offering any new movies. Reality TV meets video games ... on Facebook? In recliner auditoriums, which are already relatively spaced out, AMC’s ticketing algorithm will block out one seat on either side of every party. AMC theaters have reopened in numerous international countries but have remained shuttered in the U.S. since March. In order to commemorate its centennial, AMC is offering "movies in 2020 at 1920 prices" on opening day. During the first phase of reopening, every other row of seats will be blocked off in non-recliner auditoriums. Walt Disney Co. shutting down influential Radio Disney after two decades. AMC Theatres, the world’s largest exhibitor, has announced phased-in reopening plans with an opening day of August 20. AMC Entertainment CEO and president Adam Aron speaks to FOX Business' Liz Claman about his business' grand reopening… https://t.co/EsOjAfAURD. That includes requiring all guests to wear masks, lowering theater capacity and upgrading ventilation systems.”. When AMC announced plans Thursday to reopen more than 100 theaters in the United States on Aug. 20, it released a list of specific locations that would be involved. Here’s what’s due on the small screen for subscribers. Year-to-date, the stock has fallen by 26.7 percent as of Thursday. None of the five designated regions in California have reached the critical under-15% ICU capacity, but all are expected to hit that mark soon. Already highly leveraged, the company in April raised $500 million in new debt to shore up its finances and ensure its survival while bringing in zero revenue. Warner Bros. to release movies on HBO Max for the next year. AMC has made official their U.S. reopening plans after what will be a four-month shutdown due to COVID-19 with 450 U.S. locations on July 15, roughly … On Aug. 20, all of the tickets at AMC will be charged at the 1920 price of 15 cents per ticket (plus sales tax) to mark the occasion. “It is a limitation, and maybe on a Saturday night at 7 o’clock, we’ll feel it,” Aron acknowledged. Ryan Faughnder is a film business reporter for the Los Angeles Times’ Company Town, covering the major Hollywood studios, including Walt Disney Co. The reopening plan comes as exhibitors are under enormous pressure to reopen. The remaining U.S. theaters will only reopen after approval from state and local officials. AMC is finally reopening its theaters, and guests will need to spend just 15 cents to get in.The world's largest movie theater chain will reopen more … “Then they’ll feel much more comfortable going out.”. Whereas the sports and live music businesses rely on packed houses, the vast majority of movie tickets go unsold each year. Additional closures of California businesses and activities will be based on projections of regional intensive care unit capacity. AMC Theatres just provided a big update to A-List members ahead of the company’s reopening later this month.. Movie theatres across the country have been shut down since March amid the coronavirus pandemic and AMC will begin reopening theatres on August 20. The move follows other lawsuits against Netflix related to executive poaching. Get the day's top stories on Hollywood, film, television, music, arts, culture and more. AMC Theatres officially begins its reopening process on Thursday, having taken steps to keep patrons safe after shuttering its theaters worldwide in mid-March due to the ongoing COVID-19 pandemic. At first, auditoriums will maintain up to 30% capacity and enable moviegoers to sit at a safe distance from one another, using its reserved seating system. In the second quarter, AMC reported non-GAAP EPS of -$5.38 compared to $0.17 in the second quarter of 2019. With ‘Rival Peak,’ Facebook is launching a television experiment that’s betting on video games as appointment viewing with Tamagotchi-style loyalty. However, AMC plans to reopen about 100 U.S. theaters on Aug. 20 to celebrate its 100 years in business. AMC Entertainment Holdings is the largest movie chain operator in the U.S. The non-GAAP EPS missed analysts’ consensus estimate of -$4.31. AMC talks plans about re-opening theaters and recovering from massive losses. Adhering to various pandemic guidelines nationwide, the AMC Theatres chain will reopen more than 100 of its movie theaters on Aug. 20, though none on Long Island. Activision Blizzard sued Netflix for poaching its CFO Spencer Neumann in 2018, two years before his fixed contract was scheduled to end. “Hopefully by Thanksgiving, we’ll be back to normal operations,” Aron said. “We wanted to keep the political controversy outside AMC,” Aron said, of the decision not to require masks across the board. On Thursday, August 20th, AMC will reopen more than 100 theaters across the country, and plans to open approximately 300 additional theaters by September 3rd, just in … Walt Disney Co. is closing its children’s radio programming station and laying off staff amid a broader restructuring of its operations. The company beat analysts’ consensus revenue expectation of $8.0 billion. The company’s theaters will also sell masks at the box office for $1 each. Please keep checking back to see if your theatre has reopened, and when you feel ready to return to our theatres, simply visit your account on our mobile app or website to reactivate your membership and start making movie reservations immediately. The company had to postpone the reopening of its theaters several times. How Is Atlassian Faring Versus Other Work-From-Home Stocks. Warner Bros. delayed the release of Christopher Nolan’s “Tenet” by two weeks to July 31, and pushed “Wonder Woman 1984" out of the summer to Oct. 2. He previously wrote for the Los Angeles Business Journal and Bloomberg News. The reopening of all locations is subject to the directives set forth by federal, state and local mandates. “When I go to watch a movie on July 15, I will be wearing a mask.”. Activision Blizzard sues Netflix for poaching CFO Spencer Neumann. The home of cable networks HGTV, Animal Planet and ID is launching a direct-to-consumer service starting at $4.99 a month. When AMC announced plans Thursday to reopen more than 100 theaters in the United States on Aug. 20, it released a list of specific locations that would be involved.Missing from that list… AMC Theatres, the world’s largest cinema chain, will reopen most of its U.S. theaters on July 15, the Leawood, Kan.-based exhibitor said Thursday. “But that’s a long time from now, and we’ll be watching local health conditions very carefully.”. However, the stock has fallen by 54.5 percent in the trailing 12-month period. The company will open 450 of its more than 600 domestic locations as part of a phased return that will mark a major test for the health of the movie theater business after nearly four months of closures. AMC THEATRES REOPENING ON OCT. 9: AMC Fayetteville 14; AMC DINE-IN Holly Springs 9; AMC Market Fair 15; AMC Park Place 16; AMC DINE-IN Southpoint 17 AMC sold 17% of its total capacity in 2019. The chain touted the reopening as “Movies in 2020 at 1920 Prices.” After several false starts due to a summer rise in coronavirus cases throughout much of the U.S., widespread moviegoing is currently set to resume in late August. AMC theaters have reopened in numerous international countries but have remained shuttered in the U.S. since March. AMC was set to have a phased reopening on July 15 with the hopes of being fully operational by July 24. Nearly all of AMC’s theaters will be open in time for the July 24 debut of Walt Disney Co.'s “Mulan,” the firm said. AMC stock is trading 56.2 percent below its 52-week high of $12.13 and 172.3 percent above its 52-week low of $1.95. In an email sent to the company's "A-list" members last week, the theater chain announced that movies will resume starting Aug. 20. California’s stay-at-home order allows essential travel only. AMC Gives Update to A-List Members, Reveals New Policies Ahead of Reopening AMC Theatres just provided a big update to A-List members ahead … AMC stock was trading up more than 1.1 percent at about $5.37 in the pre-market session today. arts entertainment Movies. We have created the ability for you to control when your A-List membership is reactivated, anytime between theatres reopening and March 1, 2021. What you need to know (and how to cope). Last week, Warner Bros. and other studios scrambled to adjust release schedules for their movies in hopes that customers will be more apt to return in late July. He holds a master’s in journalism from USC’s Annenberg School and a bachelor’s in English from UC Santa Barbara. The U.S. is AMC Theatres' last region to begin a phased reopening. It's no secret that coronavirus has ravaged the economy, and businesses large and small have suffered financial losses that are putting even large retailers out of business.Even though stores and facilities are slowly starting to reopen all over the country, there is a long and difficult road to recovery ahead. AMC stock has risen by 28.3 percent in the last five days. After talks with entertainment industry unions, producers of commercials once exempt from conducting COVID-19 tests will now test their cast and crew. Commercial producers agree to testing protocols as coronavirus spreads. With the pandemic worsening and winter break nearly here, many families are rethinking their holiday travel plans. Warner Bros. has decided its 2021 movies will come out concurrently in U.S. theaters and on HBO Max. Warner Bros. says the plan is a response to the pandemic that has upended the traditional film distribution business. What does that mean? AMC Theatres has been hit hard financially due to the coronavirus pandemic. Among the movies AMC plans to screen as part of its reopening include Disney’s The New Mutants starting August 28th and Christopher Nolan’s Tenet starting September 3rd. Animal Planet, HGTV enter streaming arena as Discovery launches new service. L.A.’s storied Magic Castle shaken by allegations of sexual misconduct, racism. Actors sue union health plan over loss of insurance. AMC Theatres will reopen select locations starting on Aug. 20 with more cities opening on Aug. 27 and Sept. 3. That's 15 cents a ticket. AMC is reopening its movie theaters. The cinema chain operator plans to charge 15 cents per ticket. The company operates in 14 European and Middle Eastern countries, and said theaters there either opened in June or … The challenge, of course, is getting people comfortable enough to show up. More than 100 AMC theaters reopening Thursday. That date was then pushed back to July 30 late last month. But when will theaters reopen? This new phase in the pandemic means new rules for hotels and other travel providers. Newsom orders new limits on California businesses and activities as COVID-19 soars. Cinemark said it would stagger the reopening of its theaters across the country in four stages, starting with three locations in Dallas, and the remaining phases to take place between July 3 and July 17. Theaters closed for a large chunk of the year, and chains are doing anything they can to bounce back. None of the analysts recommend a buy. NEW YORK - AMC Theatres, the nation's largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.. AMC Entertainment, which owns the chain, said Thursday that it expects to open the doors to more than 100 cinemas — or about a sixth of its nationwide locations — on Aug. 20 with throwback pricing for a day. 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