AMC to reopen theaters globally in July, shares rise
AMC Entertainment said on Tuesday it expects to reopen its theaters globally in July after shutting them down in mid-March due to the Covid-19 pandemic, sending its shares up about 4% in extended trading.
The world’s largest movie theater operator said it was planning to reopen almost all its U.S. and UK theaters in time to showcase Christopher Nolan’s “Tenet”, slated for release on July 17, and Walt Disney Co’s “Mulan” on July 24.
“Theater Closed” signs are posted in front of the AMC Montebello, as the US chain of AMC movie theaters closes for 6 to 12 weeks, On March 17, 2020 in Montebello, California, as the coronavirus (covid-19) epidemic leads to restaurant and school closures and workers working from home in an effort to encourage social distancing.
Frederic J. Brown | AFP | Getty Images
AMC said …continued .
[Source: CNBC News]