AMC Entertainment Loses $561.2 Million in Most Recent Quarter Due to Coronavirus Closure

Ted Johnson As Donald Trump addressed delegates at the Republican National Convention on Monday, CNN cut away from his speech, as anchor Anderson Cooper said the president’s speech was “the most recent greatest hits or false statements.”MSNBC and Fox News stayed with the speech, the first appearance that Trump plans to make on each of the four days of the convention this week.The decision to cut away from Trump’s speech — as he made debunked claims of widespread mail-in voter fraud — comes amid

BTS has shattered YouTube records with their latest video, which has become the first promo viewed over 100 million times in 24 hours.The South Korean boy band released their latest single Dynamite and its accompanying video on Friday (August 21, 2020), and the group’s army of supporters flooded YouTube to check it out.“We can confirm that BTS Dynamite Official MV set a new all-time 24hr record, surpassing 100M views with 101.1m views in the first 24 hours,” a YouTube spokesperson confirms.“We

Brent Lang Executive Editor of Film and MediaWarner Bros. and DC teased “The Flash,” bringing out Ezra Miller, the actor who plays the speedster on screen, at Saturday’s DC Fandome event, and showing concept art for the character’s new and improved suit.“It’s more organic you can see light embedded in it,” said director Andy Muschietti.

Brent Lang Executive Editor of Film and MediaNo, AMC Theatres is not going to ignore its own social distancing guidelines and force strangers to sit next to each other when the cinema chain reopens this week.That was a mistaken assumption that gained traction on social media when it was revealed that AMC was allowing patrons to buy tickets next to seats that had already been reserved. There’s a reason for that apparent disregard of the six-feet apart rule.

Rebecca Rubin News Editor, OnlineAfter prolonged closures due to the coronavirus pandemic, movie theaters in the United States and other parts of the world are slowly starting to turn the lights back on, welcome patrons and hear their cash registers ring again.In modern times, opening weekend ticket sales have been the benchmark of success for any given movie. But in a post-pandemic era, that metric will be less relevant.

AMC Theaters plan to re-open to the American public on August 20 after a lengthy closure due to the Coronavirus pandemic.

Jill Goldsmith Co-Business EditorAMC Entertainment said it will charge 15 cents a ticket when it reopens theaters at more than 100 locations on August 20, celebrating the chain’s 100th anniversary.For a “Centennial Celebration, all AMC U.S.

Brent Lang Executive Editor of Film and MediaAMC Theatres has just endured one of the most traumatic periods in its hundred-year history. As the theater chain looks to reopen 100 of its locations on Aug.

Alyssa Milano has revealed that Covid-19 caused her hair to fall out and urged people to wear face masks to help curb the spread of the virus.On Monday, the Melrose Place star shared a video on Twitter and Instagram to show the amount of hair loss she says she experienced as a “long hauler” – a term used to refer to someone who suffers from long-lasting coronavirus symptoms.In the clip, Milano can be seen combing through her hair with a detangler brush to reveal clumps of hair that fall out with

Brent Lang Executive Editor of Film and MediaJohn Gore Organization, the Tony-award winning production company being “Dear Evan Hansen” and “The Band’s Visit,” has laid off roughly a hundred employees.

Denise Petski Senior Managing EditorPantheon, AMC’s first hourlong animated primetime drama series has announced its full cast.

Brent Lang Executive Editor of Film and MediaMost cinemas in the U.S. are closed, major summer films have been pushed back indefinitely, and studios keep selling their movies to Netflix.

via Yahoo! Finance expected the company’s loss per share to slightly better at $4.29Revenue in the second quarter was just $19 million, down roughly 99% from the $1.5 billion in revenue AMC reported last year.

Jill Goldsmith Co-Business EditorAMC Entertainment saw revenue plunge to $18.9 billion for the second quarter ended from in June from $1.5 billion the year before as it swung to the red, no surprise for the nation’s – and world’s — largest theater chain, that saw most locations shuttered completely for the entire three months.The company posted a net loss of $561 million from a profit of $49 million the year before.“It should be no surprise to anyone that with our operations shut the world over,

Brent Lang Executive Editor of Film and MediaNext year’s Sundance Film Festival will be significantly shorter than previous editions of the annual celebration of the best in indie cinema.

Brent Lang Executive Editor of Film and MediaThe Walt Disney Company was brutalized by the coronavirus pandemic, which shuttered its parks and delayed the release of its films, setbacks that nearly sliced its revenues in half during its most recent fiscal quarter. Revenues fell 40% to $11.7 billion, while diluted earnings per share for the quarter decreased 94% to 8 cents, falling from $1.34 in the prior-year period.

Brent Lang Executive Editor of Film and MediaCinemark isn’t sold on AMC Theatres plans to shorten the length of time that films play in theaters.

Jill Goldsmith Co-Business EditorAMC Entertainment announced Monday it’s officially concluded a complex, and controversial, restructuring of approximately $2.6 billion of its debt that included an exchange and fresh capital raise.The news came as iyd new distribution deal with Universal Pictures continues to roil the industry.Holders of more than 87% of senior subordinated notes participated in an exchange into new notes, and all of bondholder Silver Lake’s convertible notes were also

Brent Lang Executive Editor of Film and MediaApple trounced Wall Street’s expectations with a blowout third quarter earnings report. The technology titan reported revenue of $59.7 billion, an increase of 11 percent from the $53.8 billion in revenue that Apple reporter in the prior-year quarter.