AMC and Cineworld hoped movie-goers would return to theaters en masse once a majority of the pandemic restrictions were lifted, but patrons haven't filled seats in the volumes companies wanted. A Maysurveyfrom Morning Consultfound that many Americans continue to avoid theaters because of ongoing...
Experts have said theyexpect AMC to file for bankruptcy, sell debt or equity, or even sell off assets. Earlier this monththe DailyMail reportedthat Amazon has had conversations with AMC about buying the beleaguered cinema chain, which includes Odeon theaters in the U.K. Amazon declined to comm...
NBCUniversal CEO Jeff Shell had previously promised that he'd be releasing top tier titles on streaming and in theaters at the same time. And AMC Theatres is having none of that. Universal made the first move, releasing the Trolls sequel on the PVOD format this past April 10.The movie was...
AMC Entertainment said in a filing discussions it had with Cineworld lenders about potentially buying some of the rival chain’s theaters "are not continuing."
Many small and midsize theaters will have to file for bankruptcy unless they receive federal aid, the groups said in a Septemberlettersent to Congress. The groups told lawmakers that the "movie theaters are in dire straits" and asked to tap unused funding from the Coronavirus Aid, Relief, an...
AMC is the US’ biggest cinema chain with over 8,200 screens in 661 theaters. It also operates 224 cinemas across Europe. It was acquired by Wanda for USD2.6 billion in 2012, making the Dalian-based group the world’s largest movie theater chain operator. Most of Wan...
The company's potential $2.4 billion loss for the quarter seems rather horrifying - especially since theaters were only closed for a few weeks of that quarter - a big part of that loss is due to the impairment charge taken in the quarter due to the health crisis. The adjusted net loss ...
“The results for ‘Trolls World Tour’ have exceeded our expectations and demonstrated the viability of PVOD,” Mr. Shell said. “As soon as theaters reopen, we expect to release movies on both formats.” This radical change by Universal to the business model that currently exists betwee...