(Reuters) – AMC Leisure Holdings Inc stated on Tuesday it plans to reopen eight theaters in California, one in all its key markets, offering some a lot wanted hope to an business that has been hammered by the COVID-19 pandemic.
AMC stated that it could reopen theaters in Northern California, together with San Francisco and the better Bay Space.
The world’s largest theater chain expects to have about 540 of its 600-theatre circuit open by the tip of this month.
Whereas huge theater chains reminiscent of AMC Leisure and Cineworld Group have reopened many areas, audiences have been skinny resulting from virus fears and delays in main releases by studios.
Small and mid-sized theater firms have stated they might not survive the impression of the pandemic.
Shares of AMC, which have fallen 62% this 12 months, had been up 4.3% in premarket buying and selling.
(Reporting by Tiyashi Datta in Bengaluru; Modifying by Shailesh Kuber)
Copyright 2020 Thomson Reuters.
