As business outlets across the U.S. begin to take risks and open their doors again, the movie theater chain AMC says it will not be back any time soon.

But as much as one would like to believe that the company is taking COVID-19 precautions, the reality is different. According to the statement from last week, the AMC Theaters officials say that they don’t see the point in reopening until Hollywood officially releases new products.

 They stated that health comes first. This applies to employees and visitors at the same time. The cinema can only work in case if there is a stable blockbuster network for months in advance to ensure the proper income. Preliminary estimates show that the situation has a chance to be resolved in the second half of the summer. Then Christopher Nolan’s Tenet and the Disney game remake of Mulan are due. Other high-budget films will follow them in the fall.

Checking theatrical activity will be required. It is necessary to understand the mechanisms of work in new conditions and the risks. Therefore, for the first few weeks, cinemas will be opened

The chain has 630 cinemas all over the U.S. After the national lockdown it closed all of them and furloughed 25,000 staff members. without major premieres. AMC is actively modeling all possible scenarios right now. They strive to create a comfortable environment for visitors and provide an adequate level of security at the same time. When these conditions are reached, cinemas will be ready to reopen.

Back at the beginning of April, the AMC Entertainment chief executive Adam Aron claimed that the theaters would most probably reopen mid-June. Nevertheless, many experts suspect that the company might file for bankruptcy.

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Mike is our Business Reporter who also used to make pop-up adaptations of Plato’s work. Mike strongly believes that Business should be recognized as an independent category of philosophy. That’s probably because he actually attended the IE University and double-majored in Philosophy and Business Analytics, so it’s hard to dispute. Growing up in a household of university professors, Mike has always been innovative with the knowledge that the world offered to him. He covered subjects such as finance, money, economic issues, stock market data for The Vault, Money Aim, RIS Media, and The Realtor. We were, however, surprised when Mike agreed to be our independent Business Reporter, since he used to claim he didn’t know what to do in media. This was false, he's just too humble.


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