AMC Theatres said Tuesday it is not currently planning to close any of its movie theaters that have reopened, in part because of the leeway provided by an unprecedented premium VOD deal it recently signed with Universal.
The announcement came a day after rival Cineworld said it is going to shut all of its cinemas in the U.K. and U.S., where it operates the Regal Cinemas banner, because of a lack of Hollywood event pics.
Late last week, James Bond pic No Time to Die became the latest tentpole to vacate the October and November corridor amid the challenges posed by the ongoing pandemic.
AMC is the world's largest movie theater circuit, followed by Cineworld, and operates theaters across the U.S., Europe and the Middle East.
Read more on hollywoodreporter.com
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