Photo: Chris Pizzello, INVL / Associated Press
AMC is the largest movie exhibition company in the United States, and the largest throughout the world with approximately 1,000 theatres and 11,000 screens across the globe.
The theatre has delayed plans to reopen its cinemas as coronavirus cases surge across the United States.
CORONAVIRUS POSTPONEMENTS: AMC pushes back movie theater reopening by 2 weeks
The movie theater chain said Thursday it is now planning to reopen its U.S. locations in “mid to late August.” The company had previously set its reopening date for July 15 and then delayed to July 30.
The increasing number of coronavirus cases across the nation, along with with Hollywood’s delayed film releases, makes the prospect of reopening theaters difficult. AMC continues to navigate financial losses stemming from the coronavirus outbreak.
In a separate release, the theatre announced plans to reduce their debts and increase funding.
“Under the terms of the agreements reached with the Ad Hoc Group, the principal amount of AMC’s total debt would be reduced by between approximately $460 million and $630 million, depending upon how many other lenders enter into the exchange who are not part of the Ad Hoc Group of AMC’s Senior Subordinated Noteholders,” the release said.
MOVIES ON HOLD: Release of Christopher Nolan’s ‘Tenet’ postponed indefinitely
“This new timing reflects currently expected release dates for anticipated blockbusters like Warner Bros ‘Tenet’ and Disney’s ‘Mulan,’ as well as release dates for several other new movies coming to AMC’s big screens,” the company said in a statement.
Internationally, about one-third of AMC’s locations are open and “operating normally,” the company said.
During the pandemic, movie theaters in most states have been forced to close due to social distancing requirements. AMC has announced that when its theaters reopen, customers will be required to wear masks, reversing a previous decision to make them optional.
With numbers still rising in the U.S. and here in Texas, there’s no telling if another delay is to be expected from the multiplex.