Latest in AMC Entertainment

The association of theater owners, NATO, called on Congress Tuesday to get an aid package approved, saying exhibitors are desperate for help. It's begged for help before. Now Senators Schumer, Cardin and Shaheen have included relief for movie theaters as part of the Save Our Stages initiative, which is included in the…

AMC Entertainment expects revenues for the three months ended September 30 of $119 million, versus nearly $1.32 billion for the prior year’s quarter, and the struggling theater chain anticipates material write-downs of assets, according to an SEC filing Tuesday morning with preliminary financial results. Cash and cash…

AMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo's recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties. NY is "vital to the theatrical exhibition industry," the…

Exhibitors in New York State are speed dialing former staffers and bookers after a surprise weekend announcement by Gov. Andrew Cuomo that long-shuttered cinemas can reopen Friday under guidelines expected early this week. Joseph Masher, president of NATO New York and CEO of family-owned Bowtie Cinemas, anticipates…

As the exhibition industry teeters, global cinema owners beseeched New York Gov. Andrew Cuomo to reopen theaters in areas of the state with low infection rates. The response was not promising. The executive committee of the Global Cinema Federation — led by Alejandro Ramirez Magaña, CEO of Cinépolis, in a letter to…

Exhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big content company to restructure operations around streaming. As theaters reopen to limited audiences without key New York and Los Angeles markets and a paucity of new studio…

Things are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments. The nation's largest movie chain, like others in the…

Regal Cinemas is taking it to the streets, with the marquee of its iconic and shuttered Times Square multiplex admonishing New York Governor Andrew Cuomo for being just about the last pol in the country to reopen cinemas. “48 states have reopened theatres safely. Why not New York, Governor Cuomo?” blared from that…

UPDATED with closing stock prices: Exhibition stocks closed lower Monday as studios continued to jigger release schedules, pushing Regal parent Cineworld to shut its theaters in the U.S and U.K. Cinemark led the dip, falling 17.44% at the close to $8.33. AMC Entertainment was down 11.18% at $4.13. Marcus dropped by…

Days after the entertainment industry joined cinemas in asking Congress to rescue exhibition, ratings agency S&P downgraded debt of the world's biggest chain, AMC Entertainment, calculating it has six month of cash left unless things materially improve. The stock mostly shrugged off the news, down 0.4% to $4.63. But…

AMC Entertainment has filed to sell 15 million shares of common stock to raise fresh cash, the second exhibition distress call today after Regal parent Cineworld of the U.K. posted a brutal results for first six months of the year. Regal is the largest circuit in the U.S., AMC the second. Exhibitors shut down in March…

At first it looked like AMC would be delayed with reopening their cinemas in New Jersey given the state’s last minute OK this week, and now the biggest exhibitor in the world will have two locations ready to go for Christopher Nolan’s time thriller noir this Friday, Sept 4: AMC Jersey Gardens 20 and AMC Wayne 14. If…