deadline.com
New York
New York
Coronavirus
Entertainment
reports
and
New York
New York
AMC Stock Swoons And Cinemark’s Takes Hit After Disputed Report Of Movie Theater Operations Scenario
Reading now: 271
deadline.com
deadline.comAMC Entertainment shares fell almost 18% to close at $3.19, with Cinemark stock also taking a hit after a report that Cinemark has expressed interest in operating select AMC venues.Insiders at both companies describe the report as inaccurate.
The New York Post, citing unidentified sources, reported that the two major circuits — which together control nearly one-third of all U.S.
movie screens — could find themselves in an arrangement reflecting the strain of Covid-19. The coronavirus pandemic has shuttered theaters in much of the country, notably in revenue-rich markets like New York and LA, for most of 2020.Cinemark has expressed interest in stepping in to run any venues where AMC is in default, the Post said, though no specific sites or
Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations