AMC Delays Reopening Theaters to Late July
June 29 2020 - 2:57PM
Dow Jones News
By R.T. Watson
AMC Entertainment Holdings, the country's largest theater chain,
is postponing plans to reopen its U.S. locations by about two
weeks, to July 30, following date changes for the upcoming releases
of two major films.
Amid slower-than-expected progress reopening the U.S. economy,
Walt Disney Co. recently said it is pushing back its live-action
remake of "Mulan," and AT&T Inc.'s Warner Bros. has said
science-fiction thriller "Tenet" would also come out later than
previously planned.
U.S. theaters closed and Hollywood studios halted the release of
major motion pictures in March as the coronavirus pandemic took
hold.
AMC says it will open 450 U.S. locations on July 30 and then
another 150 the following week. Less than two weeks ago, the
company announced plans to open those locations July 15 and July
24, respectively.
"Tenet," from director Christopher Nolan, is currently set to
debut on Aug. 12, after two postponements. Disney's "Mulan" remake
is to premiere in theaters Aug. 21.
Smaller, independent theaters have reopened in some states,
showing older films to a limited number of moviegoers. But the
three biggest chains -- AMC, Cineworld Group PLC's Regal
Entertainment Group and Cinemark Holdings Inc. -- have decided to
stay closed until they have new movies to show.
Theater chains and Hollywood studios alike have been forced to
update their plans more than once as efforts to reopen public
spaces in the U.S. -- part of a broader effort to restart the
economy -- have faltered amid accelerating coronavirus cases.
AMC also said that it expects to have at least some theaters
opened in all of the 14 countries where it operates by July 30.
(END) Dow Jones Newswires
June 29, 2020 15:42 ET (19:42 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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