Refresh for updates: AMC has made official their U.S. reopening plans after what will be a four-month shutdown due to COVID-19 with 450 U.S. locations on July 15, roughly 150 remaining locations in…
the first big event feature of the summer. We’re waiting to see if Disney moves stays on July 24, also the studio’s access to premium screens. We understand that with on July 31, Disney couldn’t get Imax screens until the end of August given Warner’s terms with the large format exhibitor.
In regards to when AMC LA locations opens, Aron says, “that is up to the Governor and the Mayor, it’s not up to“Not only do I not know what the final judication is on New York City, I don’t think the Mayor of New York City knows yet. New York State will open. We’d love for it to be open by July 15 so we can open theaters in all the boroughs, but there are two other dates in July we’re watching.
As many financial analysts have predicted bankruptcy for AMC during its COVID-19 shutdown, the prediction has been that the theater will shed a number of its bad leases and non-performing theaters. Aron sticks to what he told investors recently on the circuit’s earnings call and that 2-4% of AMC locations won’t be coming back. “Even those theaters before the pandemic, had very little visitation, very little attendance.
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