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AMC Entertainment Holdings Inc AMC

AMC Entertainment Holdings, Inc. is a movie exhibition company. The Company is principally involved in the theatrical exhibition business and owns, operates or has interests in theatres primarily located in the United States and Europe. The Company operates through two segments: U.S. markets and International markets. In the U.S. markets segment, it owns, leases or operates theatres in 43 states and the District of Columbia. The International markets segment has operations in or partial interest in theatres in the United Kingdom, Germany, Spain, Italy, Ireland, Portugal, Sweden, Finland, Norway, and Denmark. Its brands include AMC, AMC CLASSIC and others. It also offers food and beverage alternatives beyond traditional concession items, including collectible concession vessels, made-to-order meals, customized coffee, healthy snacks, beer, wine, premium cocktails, and dine-in theatre options. It operates approximately 900 theatres and 10,000 screens across the globe.


NYSE:AMC - Post by User

Post by kijijion Mar 18, 2021 7:47pm
170 Views
Post# 32835014

98% of AMC's US locations to open Friday

98% of AMC's US locations to open Friday
A little more than a year after a global pandemic forced the closure of all AMC theaters in the US, almost all will reopen their doors. The company announced Thursday that 98% of its US locations would be open Friday, as more than 40 California cinemas welcome back moviegoers for the first time, including all AMC locations in Los Angeles and San Diego County, per the Hill. "With additional openings in the United States expected over the next week, AMC anticipates that 99% of its US circuit will be open by Friday, March 26," adds the world's largest theater chain. AMC Entertainment President and CEO Adam Aron described "immense joy" at the news.

 "the most challenging market conditions in the 100-year history of the company," per the New York Times. But he said things were looking up, and vaccinations were "the real salvation." Just 78% of AMC's US locations had reopened with limited seating capacity at the end of 2020. Other safety protocols in place include mandatory mask wearing and social distancing and contactless ticketing, per the Times-Colonist. AMC is also touting upgraded air filtration. Meanwhile, Aron promises a slew of blockbusters for summer. Black Widow is due for release in May and Top Gun: Maverick in July.
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