

were open at the end of 2020, the chain said in its last earnings statement. Yesterday, Legendary Pictures revealed the principal cast for their upcoming feature film, THE GREAT WALL. About 30% of AMC’s theaters outside the U.S. International locations are reopening at a slower pace. In both New York and Los Angeles, officials have said auditoriums can only be 25% full, while the theater has implemented other changes like requiring visitors to wear masks. Reopened theaters will still have capacity restrictions to allow customers to social distance. And all but two of its 54 California locations will reopened by March 22. With the focus now on reopening, AMC is “operating with the highest devotion to the health and safety,” he said.Īll 23 locations of AMC’s locations in Los Angeles County, the largest moviegoing market in the U.S., will be operational by Friday. “It was exactly one year ago that we closed all AMC locations in the United States,” Chief Executive Officer Adam Aron said in the statement. It came up with a rescue package early in the year that allowed it to survive for most of 2021, even if the business doesn’t improve. You need to be a subscriber to view this content. The Leawood, Kansas-based company lost $4.6 billion in 2020. China Great Wall AMC (International) capped US300m 5yr IPG T+215a.

The reopening comes after the cinema chain’s toughest year ever, in which AMC repeatedly came close to filing for Chapter 11 and saw most major new films delayed because of the pandemic. theaters will be operating by March 19, with 99% online by the following week, AMC said in a statement Wednesday. With those screens coming back, 98% of AMC’s U.S. The last remaining theaters it has left to reopen are mostly in Southern California, where a surge in cases prevented health officials from recommending cinemas resume work. Moodys could confirm the AMCs ratings if it assesses that the current assumption of very high government support remains appropriate for their ratings. theaters open by Friday, marking a symbolic milestone for a chain that skirted bankruptcy during the depths of the pandemic. Given that the ratings of Cinda AMC, Orient AMC and Great Wall AMC are on review for downgrade, it is unlikely that they will be upgraded in the next 12-18 months.
