In this April 29, 2020 file photo, the AMC sign appears at AMC Burbank 16 movie theater complex in Burbank, Calif. AMC Theaters, the nation’s largest chain, is pushing back its plans to begin reopening theaters by two weeks. The company said Monday that it would open approximately 450 U.S. locations on July 30 and the remaining 150 the following week. (AP Photo/Chris Pizzello, File)
By Lindsey Bahr
AMC Theaters, the nation's largest chain, is pushing back its plans to begin reopening theaters by two weeks following the closure because of COVID-19. The company said Monday that it would open approximately 450 U.S. locations on July 30 and the remaining 150 the following week.
The company had planned to begin opening theaters in mid-July, but last week the July theatrical release calendar was effectively wiped clean when Disney and Warner Bros. decided to delay the releases of Mulan and Tenet to August dates.
AMC CEO and President Adam Aron said that its general managers across the U.S. started working full-time Monday to get their buildings ready to reopen.
"We continue to devote extraordinary resources into our plan to operate our theatres with a hyper commitment to the safety and health of our guests and associates," Aron said in a statement.
Most indoor U.S. theaters have been closed since mid-March because of the coronavirus pandemic. But both independent locations and major chains are readying to reopen within the next month.
However plans could continue to change given the surge of cases in a number of states. Last week, Gov. Andrew Cuomo said New York would delay reopening cinemas while it continued to research the safety of indoor, air-conditioned venues."
AMC expects its approximately 1,000 worldwide locations to be open by early August.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.