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theatres

13 Aug

AMC Theatres to Reopen Next Week at 15 Cents Per Movie

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“Movies in 2020 at 1920 Prices.” That is the amusing slogan AMC Theatres trumpeted Thursday in relation to their confirmation of 100 movie theaters definitely reopening across North America. With this reopening signaling one-sixth of their U.S. locations being ready for business in a week’s time, AMC will charge only 15 cents per ticket on the first day of the rollout. The pricing is an amusing gimmick that harkens back to when going to the movies was not only safe but also the primary form of populist entertainment in the U.S. Indeed, if one was to argue, like director Christopher…
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28 Jul

AMC Theatres and Universal Reach Agreement On 17-Day Theatrical Window

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Universal Pictures and AMC Theatres have ended a months-long feud over the distribution of the studio’s movies in both theaters and on premium VOD services. The battle, which began in April with Universal’s decision to premiere Trolls World Tour on PVOD instead of waiting for a theatrical release, had AMC CEO Adam Aron vowing at one point to ban all Universal product from AMC screens. According to Deadline, films released under a new multi-year agreement between the world’s biggest exhibitor and one of its largest content producers will have a 17-day exclusive theatrical window at AMC facilities, after which Universal…
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19 Jun

AMC Theatres Won’t Require Masks: We Don’t Want ‘Political Controversy’

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AMC Theatres, the largest chain of movie theaters in North America, is finally set to reopen its doors next month. With the coronavirus pandemic still going strong, AMC Entertainment announced plans to reopen 450 of its more than 600 locations on July 15, marking the first time the chain will have been ready for business in about four months. The company also teased some of the safety measures they are implementing… and those they are not. While speaking with Variety, AMC Adam Aron said, “We didn’t rush to reopen. There were some jurisdictions in some states, such as Georgia and…
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10 Jun

AMC Theatres Plans to Fully Reopen in July, After Reporting $2.2 Billion COVID-19 Loss

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If there’s any industry that can make it through social distancing restrictions, it’s the theater business, says AMC Entertainment Holdings Inc. CEO Adam Aron. Although the 2020 fiscal year started strongly with earnings up nearly 10 percent compared to 2019, the theater chain’s revenue plunged after coronavirus-related social distancing guidelines forced all theaters to close on March 17. AMC reported a loss of $2.2 billion in the first quarter of 2020. In spite of bankruptcy concerns and “substantial doubt” the chain will be “a going concern,” the company plans to fully reopen worldwide in July, according to Deadline. “These are…
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03 Jun

AMC Theatres Suggests It May Go Out of Business

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AMC Theatres reported Wednesday that the company expects to post a loss of $2.4 billion with the financials from its first quarter in 2020 due to the coronavirus pandemic. Further the largest theater chain in North America announced (via THR) there is substantial doubt that it can “continue as a going concern for a reasonable period of time.” In everyday parlance, the company is saying unless something substantial changes in their financial prospects in the immediate future, they will likely be forced to file for bankruptcy and potentially go out of business. This news is not necessarily shocking, even if…
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29 Apr

Can an AMC Theatres Ban of Universal Last?

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The sense of solidarity between movie studios and movie exhibitors broke down in spectacularly public fashion this week as Universal Pictures, the studio leading the way in shattering the theatrical window, and AMC Theatres, the largest movie theater chain in North America, entered a public relations confrontation. The showdown, which has so far culminated in AMC Theatres threatening to refuse showing any Universal releases across their nationwide network of theaters when they reopen, began Tuesday morning when NBCUniversal CEO Jeff Shell told The Wall Street Journal, “The results for Trolls World Tour have exceeded our expectations and demonstrated the viability…
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03 Apr

AMC Theatres Credit Rating Downgraded Amid Coronavirus Crisis

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In what is most unwelcome news for folks who love going to the movies, the biggest movie theater chain in North America, AMC Theatres, has been given a bad credit rating and forecast by S&P Global. In lieu of the continuing coronavirus pandemic, which appears to be only accelerating in North America and most of Europe, the financial corporation has reevaluated its credit score for AMC Entertainment, downgrading it from a B to a CCC-. This moves the company’s prospects from “highly speculative” to “default imminent, with little prospect for recovery.” AMC Theatres, which was among the first national movie…
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DVD Guide reviews current dvd releases of movies and TV shows. The reviews of these dvd releases are my thoughts and understandings of the movie, dvd releases or TV show and not be taken as fact.

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