Their 12-month mean target price for AMC stock is $3.50, which is 34.1 percent lower than its price on Thursday. You may occasionally receive promotional content from the Los Angeles Times. However, the stock has fallen by 54.5 percent in the trailing 12-month period. After Aug. 20, the movie tickets will still be available at a lower rate than usual. AMC stock is trading 56.2 percent below its 52-week high of $12.13 and 172.3 percent above its 52-week low of $1.95. The U.S. is AMC Theatres' last region to begin a phased reopening. Warner Bros.’ 2021 movies: What will debut on HBO Max and in theaters? AMC Theatres, the world’s largest cinema chain, will reopen most of its U.S. theaters on July 15, the Leawood, Kan.-based exhibitor said Thursday. The chain hopes the steps will lead to a return of normal operations in time for the key holiday movie season. “But that’s a long time from now, and we’ll be watching local health conditions very carefully.”. Then they’ll tell their friends to go out and see a movie.”. The chain touted the reopening as “Movies in 2020 at 1920 Prices.” After several false starts due to a summer rise in coronavirus cases throughout much of the U.S., widespread moviegoing is currently set to resume in late August. The warning is typical of … What does that mean? For its reopening plan, AMC said it consulted with experts from Harvard University’s School of Public Health and the Clorox Co. AMC’s auditoriums will be cleaned between each showtime, surfaces will be disinfected routinely, and hand sanitizer and hygienic wipes will be widely available at theaters, the company said. During phase two, AMC’s advance ticketing system will automatically block out one seat on either side of every party and the seats in the rows in front of and behind each party. The theater is attempting to open in … The company closed all of its U.S. theaters in March amid the coronavirus outbreak to avoid spreading the illness. On Thursday, AMC Entertainment stock surged 14.4 percent after the company announced that it will reopen some of its theaters on Aug. 20. AMC Theatres, the world’s largest cinema chain, will reopen most of its U.S. theaters on July 15, the Leawood, Kan.-based exhibitor said Thursday. “Then they’ll feel much more comfortable going out.”. Here’s the latest on changes and refunds. AMC Theatres officially begins its reopening process on Thursday, having taken steps to keep patrons safe after shuttering its theaters worldwide in mid-March due to the ongoing COVID-19 pandemic. Actors sue union health plan over loss of insurance. Closures and delayed movie releases have been brutal for cinemas. When AMC announced plans Thursday to reopen more than 100 theaters in the United States on Aug. 20, it released a list of specific locations that would be involved. https://t.co/EsOjAfAURD. Reopening dates and this list of theatres may change and will be updated if needed. With ‘Rival Peak,’ Facebook is launching a television experiment that’s betting on video games as appointment viewing with Tamagotchi-style loyalty. Cinemark said it would stagger the reopening of its theaters across the country in four stages, starting with three locations in Dallas, and the remaining phases to take place between July 3 and July 17. AMC, which has 18 locations in Alabama, warned in June in a public filing, that it had uncertainty about its future beyond reopening. None of the five designated regions in California have reached the critical under-15% ICU capacity, but all are expected to hit that mark soon. Please keep checking back to see if your theatre has reopened, and when you feel ready to return to our theatres, simply visit your account on our mobile app or website to reactivate your membership and start making movie reservations immediately. The chain touted the reopening as “Movies in 2020 at 1920 Prices.” After several false starts due to a summer rise in coronavirus cases throughout much of the U.S., widespread moviegoing is currently set to resume in late August. AMC Theatres just provided a big update to A-List members ahead of the company’s reopening later this month.. Movie theatres across the country have been shut down since March amid the coronavirus pandemic and AMC will begin reopening theatres on August 20. The company will open 450 of its more than 600 domestic locations as part of a phased return that will mark a major test for the health of the movie theater business after nearly four months of closures. Walt Disney Co. shutting down influential Radio Disney after two decades. Last week, Warner Bros. and other studios scrambled to adjust release schedules for their movies in hopes that customers will be more apt to return in late July. But when will theaters reopen? In recliner auditoriums, which are already relatively spaced out, AMC’s ticketing algorithm will block out one seat on either side of every party. “These are all things designed with one thing in mind, make our theaters safe, and convince our guests that our theaters are safe,” Aron said in an interview. Newsom orders new limits on California businesses and activities as COVID-19 soars. The company beat analysts’ consensus revenue expectation of $8.0 billion. AMC stock was trading up more than 1.1 percent at about $5.37 in the pre-market session today. The company is also investing millions of dollars in new sanitation equipment, including electrostatic sprayers, HEPA vacuums and upgraded MERV 13 ventilation filters, Aron said. Cinema owners are hopeful they will be able to ramp up for at least part of the summer. When will California’s stay-at-home order hit my community? Upon reopening, AMC will operate at a limited capacity and block off seating to maintain safety, alongside other precautionary measures. AMC Theatres, the world’s largest exhibitor, has announced phased-in reopening plans with an opening day of August 20. Struggling AMC to raise $500 million amid the coronavirus crisis. In interviews with The Times, 12 people accused Magic Castle management, performers and others of abuses, as the legendary Hollywood club dedicated to the craft of magical performance wrestles with allegations and membership unrest. Need to cancel your holiday travel plans amid COVID? L.A.’s new rules created lots of confusion. AMC hopes that it will be able to have half of its auditoriums full by Labor Day and projects that it will be at full capacity by Thanksgiving. Here’s what they actually mean for you, COVID-19 deaths and hospitalizations in U.S. smash records for a single day, The streaming wars are here. Among the movies AMC plans to screen as part of its reopening include Disney’s The New Mutants starting August 28th and Christopher Nolan’s Tenet starting September 3rd. AMC Theatres will reopen select locations starting on Aug. 20 with more cities opening on Aug. 27 and Sept. 3. Continue to check back here for updates, or if you’re opted in to receive communications from AMC, we will let you know when your favorite theatre reopens. “The way our industry is going to recover back to financial health is if people go to a movie theater, enjoy a great movie on a big screen, and they feel safe. The company offers a three-screenings-per-week subscription called AMC Stubs A-List, the highest of the three tiers of its Stubs rewards program. arts entertainment Movies. AMC sold 17% of its total capacity in 2019. “Hopefully by Thanksgiving, we’ll be back to normal operations,” Aron said. AMC was set to have a phased reopening on July 15 with the hopes of being fully operational by July 24. When AMC announced plans Thursday to reopen more than 100 theaters in the United States on Aug. 20, it released a list of specific locations that would be involved.Missing from that list… More than 100 AMC theaters reopening Thursday. “We wanted to keep the political controversy outside AMC,” Aron said, of the decision not to require masks across the board. However, AMC plans to reopen about 100 U.S. theaters on Aug. 20 to celebrate its 100 years in business. AMC theaters have reopened in numerous international countries but have remained shuttered in the U.S. since March. AMC talks plans about re-opening theaters and recovering from massive losses. Commercial producers agree to testing protocols as coronavirus spreads. AMC Theatres, the nation’s largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.They’re calling the reopening "Movies in 2020 at 1920 Prices.” https://t.co/zaEZMJMHSH. However, recently, … He previously wrote for the Los Angeles Business Journal and Bloomberg News. The company expects to reopen two-thirds of its nearly 600 U.S. theaters before the release of Christopher Nolan's thriller Tenet on Sept. 3. Theaters closed for a large chunk of the year, and chains are doing anything they can to bounce back. Already highly leveraged, the company in April raised $500 million in new debt to shore up its finances and ensure its survival while bringing in zero revenue. A new social experiment. The studios were not offering any new movies. “It is a limitation, and maybe on a Saturday night at 7 o’clock, we’ll feel it,” Aron acknowledged. The non-GAAP EPS missed analysts’ consensus estimate of -$4.31. The reopening is the first step in AMC's phased plan for the US. Walt Disney Co. is closing its children’s radio programming station and laying off staff amid a broader restructuring of its operations. The company’s theaters will also sell masks at the box office for $1 each. This new phase in the pandemic means new rules for hotels and other travel providers. Can You Buy WWE Stock and Is It a Good Buy? The AMC Theaters reopening plan kicks off August 20 with more than 100 US locations, with the aim of opening two-thirds of its locations by September. The home of cable networks HGTV, Animal Planet and ID is launching a direct-to-consumer service starting at $4.99 a month. How Is Atlassian Faring Versus Other Work-From-Home Stocks. Here’s what to look for. AMC Entertainment CEO and president Adam Aron speaks to FOX Business' Liz Claman about his business' grand reopening… The challenge, of course, is getting people comfortable enough to show up. AMC hopes to gradually increase the amount of seating it has available to 50% roughly by Labor Day weekend, depending on how the virus situation progresses. Theaters should be able to operate profitably, even when limiting the number of tickets sold, exhibition executives say. At first, auditoriums will maintain up to 30% capacity and enable moviegoers to sit at a safe distance from one another, using its reserved seating system. None of the analysts recommend a buy. On Aug. 20, all of the tickets at AMC will be charged at the 1920 price of 15 cents per ticket (plus sales tax) to mark the occasion. AMC reported total revenues of $18.9 million in the second quarter, which was 99 percent lower than the second quarter of 2019. Actors allege that changes made to a union health plan will make it harder for them to keep their insurance during the pandemic. “When I go to watch a movie on July 15, I will be wearing a mask.”. AMC THEATRES REOPENING ON OCT. 9: AMC Fayetteville 14; AMC DINE-IN Holly Springs 9; AMC Market Fair 15; AMC Park Place 16; AMC DINE-IN Southpoint 17 What Would Happen if Alibaba Is Delisted From U.S. Stock Exchanges? Employees will be required to wear face masks and get their temperatures checked before each shift. AMC Chief Executive Adam Aron said the company has worked for months on its four-phase plan for limited capacity and strict sanitation protocols that he hopes will make customers feel safe returning to theaters for the first time since mid-March. The reopening of all locations is subject to the directives set forth by federal, state and local mandates. Activision Blizzard sued Netflix for poaching its CFO Spencer Neumann in 2018, two years before his fixed contract was scheduled to end. California’s stay-at-home order allows essential travel only. AMC theaters have reopened in numerous international countries but have remained shuttered in the U.S. since March. In an email sent to the company's "A-list" members last week, the theater chain announced that movies will resume starting Aug. 20. AMC Entertainment Holdings is the largest movie chain operator in the U.S. After talks with entertainment industry unions, producers of commercials once exempt from conducting COVID-19 tests will now test their cast and crew. What you need to know (and how to cope). AMC Gives Update to A-List Members, Reveals New Policies Ahead of Reopening AMC Theatres just provided a big update to A-List members ahead … During the first phase of reopening, every other row of seats will be blocked off in non-recliner auditoriums. That date was then pushed back to July 30 late last month. 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 … The company had to postpone the reopening of its theaters several times. Reality TV meets video games ... on Facebook? However, AMC plans to reopen about 100 U.S. theaters on Aug. 20 to celebrate its 100 years in business. The cinema chain operator plans to charge 15 cents per ticket. NEW YORK - AMC Theatres, the nation's largest movie theater chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.. AMC Entertainment, which owns the chain, said Thursday that it expects to open the doors to more than 100 cinemas — or about a sixth of its nationwide locations — on Aug. 20 with throwback pricing for a day. AMC Theatres has unveiled a new promotion in an attempt to bring in moviegoers, offering a discounted version of the Stubs A-List program.Like all movie theaters, AMC is hurting right now as a result of the coronavirus pandemic. Before the debt raise, analysts speculated that AMC may have been forced to file for Chapter 11 bankruptcy protection. The company aims to be fully open with normal seating by late November. In the second quarter, AMC reported non-GAAP EPS of -$5.38 compared to $0.17 in the second quarter of 2019. Activision Blizzard sues Netflix for poaching CFO Spencer Neumann. AMC Theatres has been hit hard financially due to the coronavirus pandemic. These Kansas City metro locations are on the list By Anna Spoerre And Robert A Cronkleton, The Kansas City Star 8/13/2020 5 … Animal Planet, HGTV enter streaming arena as Discovery launches new service. The company operates in 14 European and Middle Eastern countries, and said theaters there either opened in June or … On Thursday, August 20th, AMC will reopen more than 100 theaters across the country, and plans to open approximately 300 additional theaters by September 3rd, just in … Reportedly, the chain has lost upwards of $2.4 billion because of the shutdown. It's no secret that coronavirus has ravaged the economy, and businesses large and small have suffered financial losses that are putting even large retailers out of business.Even though stores and facilities are slowly starting to reopen all over the country, there is a long and difficult road to recovery ahead. L.A.’s storied Magic Castle shaken by allegations of sexual misconduct, racism. That includes requiring all guests to wear masks, lowering theater capacity and upgrading ventilation systems.”. AMC Theaters, which owns the AMC Champaign 13 at 910 Meijer Drive, C, and AMC Classic Village Mall 6 in Danville, plans to reopen its U.S. movie theaters in mid- to late August. In order to commemorate its centennial, AMC is offering "movies in 2020 at 1920 prices" on opening day. The move follows other lawsuits against Netflix related to executive poaching. 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