AMC Theatres confirmed on Tuesday morning that it isn't planning on closing any of its locations in the near future. People attending a movie must also wear a mask. The same day the National Association of Theater Owners (NATO) warned Congress upwards of 70-percent of its member theaters could close up shop by the end of the year, AMC Theatres … At least for now, two major theater chains are staying open in the U.S. AMC Theatres and Cinemark have announced that they have no plans to close even … The theater company also explained their plan for maintaining CDC guidelines, saying that they will limit the number of people in each theater, and have frequent cleanings. Regal is the second-largest theater chain in the U.S., following AMC. While movie theaters are not going to suddenly disappear, AMC’s filing paints a bleak picture of where the largest theater chain in the United States is currently sitting. Get Tickets Learn More. AMC movie theaters to close. AMC’s struggle is exemplary of the issues facing theater chains around the world, arriving on the heels of Regal’s decision to re-close all 536 of its theaters in the U.S. on October 8. AMC Entertainment Holdings Inc. said Tuesday that it plans to keep its theaters open. AMC is the largest theater chain in the world, followed by Regal. Kansas-based AMC Theatres Monday announced that the AMC Lennox will not be … “We are generating effectively no revenue," AMC said in a regulatory filing, according to CNN. We will aggressively pursue economic terms that preserve our business,” Aron said. 1 1st Opening(1979-1989) 2 2nd Opening (1983-1986) 3 3rd Opening (1986-1990) 4 4th Opening (1990-1991) 5 5th Opening (1991 … UMC is the go-to streaming channel for the best in Black TV and film. He added that they’re eager to help with whatever the next steps are for that property. AMC Theatres said Tuesday that it does not plan to close any of its movie theaters that have reopened amid the coronavirus pandemic just days after competitor Cineworld said it was going to close its screens. That means its 600 chains all around the country are in danger of being shut down for good. The company allegedly has been considering filing for bankruptcy after seeing a sudden plummet of 22 percent in its revenue, according to the outlet. Its plans leave 536 theaters closed in the United States, according to the Regal news release. Background: AMC Theates is an American movie theater chain, founded in 1920 in Missouri, United States. AMC now plans to close its theaters … As the new documents read, the company has “substantial doubt” about its future. “We had $13 billion at box office last year,” Chapek said. AMC Theatres announced today that they will be staying open as well. It’s a bad time for movie theaters across the country, and AMC is getting hit particularly hard. On opening day, movie tickets will cost a mere 15 cents. AMC Theatres and Regal Cinemas are taking the unprecedented step of closing down all of their theaters starting Tuesday in a precautionary effort to combat the spread of the coronavirus. "Our liquidity needs thereafter will depend, among other things, on the timing of a full resumption of operations, the timing of movie releases and our ability to generate revenues.". AMC Entertainment Holdings has filed to raise up to $844 million by selling stock as the exhibitor struggles to stay afloat during the COVID-19 pandemic.. The nearest AMC theaters that remain open are AMC Fountains 18 located in Stafford and AMC Houston 8 downtown. Get 30 Days Free of UMC. AMC updated its corporate website on Monday, replacing the Hamilton listing with a note informing people that the theater is closed and directing them to the AMC 10 at the MarketFair Mall in West Windsor. 1 1st Opening(1979-1989) 2 2nd Opening (1983-1986) 3 3rd Opening (1986-1990) 4 4th Opening (1990-1991) 5 5th Opening (1991 … All of AMC's theaters are shut down through June, which means the company isn't generating any revenue. AMC Theaters have been closed since mid-March and may remain closed well into June. Regal, which is owned by Cineworld, announced last week that it would shut down … “Fortunately for AMC, our groundbreaking agreement with Universal Studios announced earlier this summer puts AMC in a position where we can open our theaters when others may feel the need to close,” Aron said. AMC Theatres has permanently closed the Lennox Town Center 24 location on Kinnear Road, according to signs at the theater on Monday. Back in October, AMC noted in public documents that “at the existing cash burn rate, [AMC] anticipates that existing cash resources would be largely depleted by the end of 2020 or early 2021.” The company estimated that in October and November, the monthly cash burn rate was $125 million. Chapek did add that “flexibility is going to be a big dynamic for us going forward,” which is why certain movies are moving to Disney Plus (Pinocchio, Peter Pan & Wendy), but they’re not fleeing theaters entirely. This has put movie theaters and AMC in a particularly hard place, potentially preventing them from generating revenue even after they open. AMC Theatres isn't closing at this time. Questions about whether theaters will cease to exist have flown around Twitter a lot recently — closures and restrictions put in place because of the pandemic have led to record low revenues even before WarnerMedia’s announcement. AMC said the theatre's closure was a result of the ongoing pandemic. 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