While Hollywood is changing the movie calendar again, AMC Theaters pushes back its opening date.
On Monday, the largest cinema chain in the United States announced that July 30 would begin the phased opening of cinemas. Previously, the company had planned to open cinemas in mid-July by the time Tenet and Mulan were released.
However, at the end of last week, both Warner Bros. and Disney rescheduled their releases in August as coronavirus cases continued to grow in parts of the United States. “Tenet” is now expected in theaters on August 12 and The Mulan is due to arrive on August 21.
Earlier this month, AMC informed investors that it had “significant doubts” about its ability to continue operations if it was forced to keep its theaters closed for a long period of time. He pointed to Thanksgiving as a threshold marker for how long it could remain closed without a partial reopening.
The company also faced some resistance from lenders as it tried to restore a foothold after being forced to close all of its branches in mid-March.
Shares of the company rose by about 1% on Monday, but fell by more than 41% since January. The market value of shares is about 440.5 million dollars.
Following the opening, AMC said it would operate with limited bandwidth and would block seats to ensure safety and require visitors to wear masks.