AMC aims to raise up to $US844 million through the sale of 200 million shares to meet cash needs, according to a Securities and Exchange Commission filing published Thursday. The theatre chain has burned through the bulk of its cash reserves as virus restrictions and a lack of major releases […]
I drove two hours to one of the few open movie theatres in California back in September to watch Christopher Nolan’s movie, “Tenet.” I barely told anyone I was going to watch a movie in a theatre out of fear of being judged. I wasn’t alone. I was one of […]
AMC Entertainment, the largest theatre chain in the US, will now allow people to rent out its theatres for as little as $US99. The Private Theatre Rentals program will be available across all of AMC’s roughly 600 US locations. Customers can watch new releases on the big screen for $US149 […]
Stocks for AMC Theatres and Cinemark Theatres surged on Monday following optimistic coronavirus vaccine news from the pharmaceutical company Pfizer. AMC shares were up 80% and Cinemark shares were up 40%. Disney shares were also up 10%. It’s a rare bit of good news for the movie-theatre industry, which has […]
The number of visitors to cinemas owned by AMC, the world’s largest theatre chain, has fallen 90% year-on-year, and its revenue has plummeted to match. The company on Monday reported a pre-tax loss of $US901 million in the quarter. AMC sold just 6.5 million tickets in the quarter, down from […]
AMC stock slid as much as 11% after the company said in an SEC filing it could run out of cash by the end of 2020 or early 2021. The theatre industry has been slammed by weakened demand, delays to major releases, and still-heightened coronavirus case counts. AMC continues to […]
AMC Entertainment, the largest movie theatre chain, said Tuesday that its cash situation is dire as important markets remain closed. Even if they were allowed to open, there aren’t many new movies to show. Only 4 are set to premiere between now and the start of next year. Shares of […]
Two Chinese movies, “My People, My Homeland” and “Legend of Deification,” each earned more than $US150 million in the region over the weekend. Movies in the US have made nowhere close to that as the major chains Regal and Cineworld plan to close on Thursday. It’s a significant rebound for […]
AMC Theatres said on Tuesday that it would stay open even as other major chains Regal and Cineworld plan to close all US and UK locations this week. AMC CEO Adam Aron said that its “groundbreaking” deal with Universal to shorten the theatrical window “puts AMC in a position where […]
Cineworld is indefinitely shutting all of its UK and US cinemas, Sky News said Monday. The Wall Street Journal reported Sunday Cineworld was considering closing all of its Regal Entertainment Group movie theatres in the US after large-scale releases were postponed. Cineworld will be shutting 536 Regal theatres in the […]
Regal Cinemas on Monday said it was closing 536 US theatre locations because of a lack of new releases. The closings will affect 40,000 Regal employees. Movie theatres remain closed in the US’s two largest cities as coronavirus case numbers continue to increase. Shares of Regal’s parent company, Cineworld, plunged […]
Regal Entertainment Group is likely to close all of its US locations as the coronavirus pandemic continues to wreak havoc on release plans, The Wall Street Journal reported Sunday. After “Tenet” fuelled the reopening of hundreds of theatres around the US, postponed movies including the latest James Bond title pull […]
Alamo Drafthouse theatres, a national movie-theatre chain based in Texas, now offers customers the opportunity to rent out an entire theatre. Having an auditorium to yourself costs $US150, plus a ticket for each guest and at least $US150 in concessions. The COVID-19 pandemic has roiled the movie-theatre industry. Only 22% […]
AMC shares rallied as much as 13% in early Wednesday trading after the theatre chain announced plans to have 420 locations operating by the weekend. The company aims to reopen 140 theatres over the week, AMC said in a press release. The majority of reopenings come in time for the […]
Russell Crowe’s new movie “Unhinged” opened in the US over the weekend with $US4 million, as major chains like AMC and Regal opened their doors for the first time in five months amid the coronavirus pandemic. Despite the encouraging box office, the movie’s five biggest venues – all drive-ins – […]
AMC spiked as much as 24% higher on Thursday after the company revealed plans to reopen some theatres on August 20. More than 100 locations will open their doors next week, according to a press release. AMC plans to reopen more than 600 locations by the time Christopher Nolan’s “Tenet” […]
AMC Entertainment is working on a refinancing deal that would help it avoid bankruptcy, Alexander Gladstone of The Wall Street Journal reported Tuesday, citing people familiar with the matter. Shares of AMC surged as much as 14% in early trading Wednesday. The company recently pushed back the opening date of […]
AMC Theatres, which has more than 600 locations in the US, reversed course after it initially said it would not require customers to wear face masks when it reopens this summer. “This announcement prompted an intense and immediate outcry from our customers, and it is clear from this response that […]
A National Association of Theatre Owners representative confirmed to Business Insider on Thursday that the organisation expects 90% of the global theatrical market to be open by July 17, which is the current release date for “Tenet.” The Warner Bros. movie, directed by Christopher Nolan, was the only major Hollywood […]
Movie theatres as we know them have been around for more than a century. However, the coronavirus pandemic has forced movie theatres nationwide to close or drastically change their policies in order to adhere to social distancing and public health and safety measures. Hope still remains for Hollywood, though, as […]
Foursquare analysed foot traffic patterns at different types of retail and entertainment spaces across the US between February 19 and March 13. The data showed that visits to movie theatres and restaurants have been on the decline across the country, while grocery stores and warehouse chains have seen big spikes […]
I saw the same film at AMC and Regal movie theatre locations to determine which offered the best experience. The two cost me about the same in terms of tickets and concessions. AMC’s mobile ticket-ordering system was convenient, and I loved the chain’s tasty snacks, butter pump for popcorn, and […]
Photographer Matt Lambros has been documenting abandoned theatres across the US for over 10 years. He’s photographed 175 movie theatres so far, and his work has taken him all across the country. He was inspired by how his generation watched movies in multiplexes, with no idea that people used to […]
iPic Entertainment, a luxury movie theatre, has filed for Chapter 11 bankruptcy. The filing comes after a tough year, where high construction costs and delays in a new location weighed on the company’s resources. The company is trying to sell itself, court documents show, or will reorganise to improve its […]
There are only a few things that bring people together. Amongst these are cooking, travelling and, possibly most beloved, film. Across languages, cultures, and time, movies have brought people together in ways few other things can. Part of this connection comes from coming together in one place to enjoy a […]
Amazon is reportedly in the running to purchase Landmark Theatres, a small chain of movie theatres that primarily show independent and foreign films, Bloomberg reported Thursday. Owning Landmark would give Amazon another physical space to connect with customers, according to GBH Insights’ Daniel Ives. A purchase could be another sign […]
It’s easy to forget about some great movies while they are in theatres, especially during the summer movie season. Some smaller-budget films go under the radar when up against blockbusters like “Infinity War” or “Jurassic World: Fallen Kingdom.” That’s why Business Insider has gathered all of the potentially overlooked movies […]
Producer Jason Blum, who’s behind horror movies like “Get Out” and this year’s “Halloween,” fears that Oscar hopeful movies will be wiped out by superhero blockbusters and genre films if the theatre business doesn’t change. Blum says that the window between when a movie comes to theatres and when it […]
Though the major multiplexes say they can’t stand MoviePass, independently owned movie theatres are willing to play ball. Chains like Landmark Theatres and Studio Movie Grill have partnered with the app. However, there are others that just tolerate MoviePass because their audiences use it. When MoviePass announced a radical change […]
Amazon CEO Jeff Bezos had a fun weekend, which he documented on Twitter. Bezos’ festivities included making pancakes with singer Ciara and her husband Russell Wilson, going to the movies, and tweeting with The Rock. Even the CEO of one of the most valuable tech companies in the world needs […]
MoviePass is a $US10-per-month subscription service for going to the movie theatre. It comes with plenty of positives, but it also raises some dilemmas. One of those is how to navigate a relationship when your significant other doesn’t use the service. There’s even a comment thread on Reddit dedicated to […]
Many movie theatres are looking for new ways to enhance the theatre experience after a mediocre year at the domestic box office. But a focus on attention to detail and the overall experience beyond just the theatre screen is something that the world’s most luxurious theatres have strived for from […]
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