AMC’s stock was up 3% during the trading day, but it is now up 13% in after-hours trading when the news comes back again; It has the highest level since February.
Distribution sources told me that San Francisco, CA would probably have an online weekend after Labor Day for larger chains.
theory Interviews began Monday, however, the picture officially opens on Thursday. On Friday, AMC expects seven theaters around San Diego to reopen local safety guidelines and all safety guidelines per auditorium capacity. theory Already open in Canada, and ranked No. 1 this past weekend. Warner is rolling those figures into next weekend’s gross.
More good news for ‘Tents’: Regal Cinema reopening in California, New Jersey and Maryland
AMC expects to announce additional markets in California, New Jersey and other areas of the country in the coming weeks, once the theaters are authorized to open by state and local authorities. I understand that independent cinemas in New Jersey will be open later this week. Pay attention to large chains as they have to be reopened and ensure that they have the proper staff and supplies before they reopen; They cannot be in a hurry to simply reopen after being cleared by local governments. It takes place on a theater by theater basis. Some movie theaters are pre-training staff, cleaning and arranging supplies even before they reopen.
When Los Angeles returns for the big exhibition, no one is estimated according to distribution sources. The expectation is either at the end of this month, or early October. Only 62% of the market opened this past weekend, Disney / 20th New mutants Lead the weekend box office with an opening of $ 7M. Hope is long awaited theory Supercary can do that this coming weekend.
Adam Aron, CEO and President of AMC Theaters, commented today: “The first two weekends of operations exceeded our expectations in terms of guests returning to the movies and their response to our comprehensive AMC safe and clean policies and procedures. went. Our extensive commitment to operate our theaters safely includes ticket sales and automatic seat blocking, seamless contactless ticketing, greatly enhanced cleaning processes, availability of hand sanitizers in our theaters and disinfectant wipes as well as a mandatory mask Policy included. All guests and crew members. We are also closely monitoring local and state guidance, and we are complying with any additional capacity restrictions. In addition, we have invested millions for high-tech solutions for sanitation and disinfection, including electrostatic sprayers, HEPA vacuum and MERV 13 air filters. Guests returning to AMC can do this by knowing that we are constantly interacting with top scientists and experts in public health and explaining how to reopen our theaters in ways that are responsible and Would be welcome ”