The three largest theater chains in the United States have announced that all of their movie theaters will close indefinitely THRNews
Hollywood and the film industry stand to lose many billions at the box office. If theaters stay closed through May, the deficit globally could be $17 billion, according to analysts.
“We are ever so disappointed for our moviegoing guests and for our employee teams that the new CDC guidelines that Americans should not gather in groups larger than 10 people make it impossible to open our theaters," said AMC CEO Adam Aron in a statement. "Still, the health and well-being of AMC guests and employees, and of all Americans, takes precedence above all else."
Five other chains also announced plans to close on Monday: the Landmark, Harkins Theaters, the Alamo Drafthouse Cinema, Showcase Cinemas and Bow Tie Cinemas. Both the Landmark and Alamo are indie chains, similar to ArcLight and Pacific Theaters, which are likely to go dark sometime on Tuesday or Wednesday.they expect most, if not all, cinemas to follow suit by the end of the week. All told, the country boasts more than 5,400 theaters.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regal theaters close, AMC limits showings to 50 people amid coronavirus pandemicNew York City and Los Angeles cinemas were order closed Sunday amid the coronavirus crisis. Regal closed its theaters nationwide Monday.
Read more »
AMC Theatres to Close All U.S. Locations as Cinemas Across the Country Go DarkAMC Theatres is closing all of U.S. locations for at least six to 12 weeks as cinemas across the country go dark due to the coronavirus pandemic
Read more »
AMC To Close U.S. Chain For 6 To 12 Weeks Due To Coronavirus ConcernsBREAKING: The largest theatrical exhibition company in the United States announced tonight that effective tomorrow, Tuesday, March 17, all 630 AMC locations in the country will close for at least s…
Read more »
AMC Theatres to Close for Six to 12 WeeksAMC Theatres announced on Monday that it will close all theaters nationwide for six to 12 weeks in response to the coronavirus pandemic. The decision came as governors of a dozen states announced c…
Read more »
AMC, Regal and More Movie Theaters Close as Coronavirus Social Distancing Is EnforcedTwo of the country's largest movie theater chains have shut its doors to combat the pandemic spread
Read more »
AMC Entertainment May Face Liquidity Crunch, Need To Sell Assets – AnalystThe world’s largest theater chain may face a cash crunch, forcing it to sell assets or raise dilutive financing as the exhibition business is in an uphill battle against the spreading coronavirus T…
Read more »