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.
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
Starbucks’ AI barista aims to speed service and improve experience. Nick Lichtenberg, Fortune Business Editor, explains its impact on workers and customers.
As Big Tech reports Q3 earnings, investors await proof that massive AI and cloud investments from Meta, Apple, Microsoft, and Alphabet are driving real growth.
Eric Trump joins us to discuss American Bitcoin’s mission, market strategy, and why he believes the U.S. must lead the next era of digital currency innovation.
Unreal Snacks CEO Kevin McCarthy shares how dye-free candy is leading the sweets revolution—just in time for what could be a record-breaking Halloween 2025.
In a daring daylight robbery on Sunday, thieves used a basket lift to scale the Louvre’s facade, smash display cases, and steal eight priceless jewels.
The Trump administration has agreed to resume processing student debt cancellations under two key income-driven repayment plans it had previously limited.
