AMC Theaters

Shock Study: Nearly Half of U.S. Moviegoers Still Staying Away from Cinemas

Nearly half of all U.S. moviegoers are no longer going to cinemas in the wake of the coronavirus pandemic, signaling a longer-than-expected road to recovery for the exhibition industry. A new study shows that many Americans are still too scared of the coronavirus to step foot in a movie theater, while other factors like pricing continue to keep people away.

A theater sits empty shortly before the start of a scheduled film showing, attended by a half dozen people, at the Cineteca Nacional, Mexico's film archive, in Mexico City, Wednesday, Aug. 12, 2020. After being closed for nearly five months amidst the ongoing coronavirus pandemic, movie theaters in the capital …

The Pandemic Is Changing Hollywood, Maybe Forever

NEW YORK (AP) — “No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding. A century later, during another pandemic, movies — quotes no longer necessary — are again facing a critical juncture. But it’s not because new films haven’t been coming out. By streaming service, video-on-demand, virtual theater or actual theater, a steady diet of films have been released under COVID-19 every week. The Times has reviewed more than 460 new movies since mid-March.

james bond

After 5 Months, AMC Theaters Reopens Its Doors, Cautiously

WEST HOMESTEAD, Pa — The doors to the AMC Waterfront 22 were locked. They had been for five months, along with most indoor theaters in the U.S. because of COVID-19. But in 20 minutes that was about to change and four people in masks were already gathered outside the theater 8 miles southeast of Pittsburgh in eager anticipation.

AMC Theaters

AMC Pushes Back Movie Theater Reopening by Two Weeks

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.

CrashTheaterStocks

Report: Amazon Considers Adding Bankrupt JC Penney to Growing Retail Empire

Amazon already ranks as the country’s No. 1 apparel retailer and owns the Whole Foods grocery chain. Now the e-commerce empire is reportedly looking to grow even bigger with a possible acquisition of JC Penney — the venerable department store chain that recently declared bankruptcy in the wake of the Chinese virus pandemic.

Jeff Bezos of Amazon laughing