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Sequels, remakes and superhero movies dominate the box office. Regal Cinemas is closing its U.S. movie theaters … The company plans to push film studios to work with them to bring back live theater experiences. AMC said it had enough cash to reopen its theaters this summer, as it … All times are ET. Does this mean AMC theaters are closing for good, though? "Our liquidity needs thereafter will depend, among other things, on the timing of a full resumption of operations, the timing of movie releases and our ability to generate revenues.". Factset: FactSet Research Systems Inc.2018. The company said that even when local governments allow theaters to reopen, AMC may still have problems if entertainment companies delay releasing new films. Movie theaters near me. Disclaimer. Quotes displayed in real-time or delayed by at least 15 minutes. Cinemark also is operating 80% of its U.S. theaters … This quarter, the situation has gotten substantially worse. Most stock quote data provided by BATS. AMC announced it was closing all of its theaters on March 17 for up … In the early days of the pandemic following the closing of all major theaters, Universal was the first studio to release a movie that had been planned for theaters, as a Premium VOD option. The AMC 24 movie theater on Sloan Avenue in Hamilton has closed down for good. Market data provided by Factset. Check out what's clicking today in entertainment. AMC was forced to shut down its more than 1,000 theaters world-wide due to the COVID-19 pandemic and the company hired law firm Weil, Gotshal … AMC Theatres isn't closing at this time. And people may not want to go sit in crowded spaces because they fear the virus. AMC theaters at Westroads and in Council Bluffs are still open. Both AMC Theatres and Cinemark have pledged to stay open, despite the lack of new movies to show and the uncertainty over when movie theaters in New York City and Los Angeles will be … Since the pandemic shut down theaters, entertainment companies have delayed most movies. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Universal's decision to release "Trolls" on demand caused a feud between the studio and AMC leading to the chain to ban Universal's films from its theaters. The company also said that its revenue fell to $941.5 million, which was down roughly 22% from $1.2 billion in the same quarter last year. AMC theaters will open back up, and you won't believe the price! Cinemark, another major movie chain, plans to begin reopening U.S. movie theaters on June 19. Movie theater chain AMC revealed back in June that it was considering filing for bankruptcy, putting the future of the theaters in question. Mutual Fund and ETF data provided by Refinitiv Lipper. Legal Statement. "We are ever so disappointed for our moviegoing guests and for our employee teams that the new CDC guidelines that Americans should not … All rights reserved. Movie theaters like AMC also faced another existential threat. Our best staff images from November 2020 AMC movie theaters to close. Powered and implemented by FactSet Digital Solutions. But if it’s not allowed to reopen, it will need more money, which it may not be able to borrow. ALL THE STREAMING SERVICES OFFERING DEALS DURING THE CORONAVIRUS QUARANTINE. All rights reserved. "Even if governmental operating restrictions are lifted in certain jurisdictions, distributors may delay the release of new films until such time that operating restrictions are eased more broadly domestically and internationally, which may further limit our operations," the company said. Find movies near you, view show times, watch movie trailers and buy movie tickets. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. “Due to these factors, substantial doubt exists about our ability to continue as a going concern for a reasonable period of time,” AMC wrote in a regulatory filing. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. It said in a Wednesday filing that it believes it has enough cash to last it the rest of the year, even if its theaters remain shut. Theater chains are also concerned that film studios could push more movies straight to the streaming services that they own. All of AMC's theaters are shut down through June, which means the company isn't generating any revenue. NOTE: This story has been updated with announcements Tuesday from Paragon Theaters and AMC Theatres. April 6, ... (AMC) theaters will remain closed beyond June due to the impact of the global coronavirus pandemic. "We are generating effectively no revenue," the company said in a regulatory filing Wednesday. Fox News Flash top entertainment and celebrity headlines are here. 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