AMC Entertainment Reports $2.2 Billion Loss for 2020 First Quarter

Jill Goldsmith Stock plunged with showbiz knocked hard as COVID-19 infections surged, three governors issued travel restrictions and investor hopes for a recovery fizzled.The DJIA plunged more than 700 points, or 2.7%, its worst showing in weeks. The S&P 500 and Nasdaq were both down sharply.

https://t.co/relegATjN3I wrote about Mike McCormick's fascinating Giants career. He was 17 and living in a hotel by himself when he was a rookie, just a couple months after high school, which is as interesting to me as his Cy Young.

© @Copyright HELLO! Hello! Magazine has the most incredible home. The Little Fires Everywhere star is notoriously private about her personal life, but over the lockdown she has been posting - and it looks magical! The Scandal star recently shared a picture of herself practicing yoga outside, surrounded by trees and flower beds, as well as a perfectly manicured lawn.

Luce Douady has sadly died.

Jem Aswad Senior Music EditorEven with Garth Brooks as the honoree, the National Music Publishers Association’s annual meeting wasn’t the splashy presentation-then-dinner-and-drinks confab that the industry has grown accustomed to — but in 2020, what is? Led by president and CEO David Israelite, the organization powered through its first-ever virtual annual meeting, with interviews with songwriter Ross Golan, RIAA chief Mitch Glazier, Nielsen’s David Bakula, Mechanical Licensing Collective CEO

Love Island's Siânnise Fudge and Luke Trotman have finally shared a full tour of their new home after being inundated with requests from their fans.The couple, who came runners-up to Paige Turley and Finn Tapp in the winter version earlier this year, moved into their swanky south London pad at the end of May.

Jill Goldsmith AMC Entertainment stock jumped over 15% at open in a down market Wednesday at open after execs outlined global opening plans at a conference call late yesterday afternoon. Share had popped by over 17% in premarket trade.It’s been a roller coaster – mostly down – for AMC shares since the coronavirus pandemic forced it to shutter theaters worldwide in mid-March.

Adam Aron said in a statement.

Jill Goldsmith Giant exhibitor AMC Entertainment said net losses swelled to $2.18 billion, including a giant $1.8 billion in non-cash impairment charges, for the first quarter of the year from a negative $130 million the year before in what CEO Adam Aron called “unprecedented times.”Revenue dropped 22% to $941 million from $1.2 billion for the three months ended in March.

Gene Maddaus Senior Media WriterAMC Entertainment reported a whopping $2.2 billion loss in the first quarter on Tuesday, the result of the global theatrical shutdown.In a statement, the company said it is focused on its liquidity as it looks to fully reopen worldwide in July.“These are truly unprecedented times,” CEO Adam Aron said.

Fantasia International Film Festival finds itself in the unlucky position of being at the end of the summer, when it’s unclear if theaters will be open and big festivals will be able to continue. So, in April, the organization announced that the festival will be a virtual event, following in the footsteps of other film events.

Kurt Thomas was the first American male gymnast to win gold at the World Artistic Gymnastics Championships.Thomas was a student at Indiana State University when he competed in the 1976 Summer Olympics in Montreal, though he didn’t medal there. He went home to win NCAA events in parallel bars in 1977 and 1979, leading his school’s team to the 1977 National Championship.

Lassie is coming home — Carlton Lassiter, that is.

As part of the MIDEM Digital edition, the International Assn. of Entertainment Lawyers is currently holding its first ever digital legal summit.“The IAEL has participated at MIDEM in Cannes for 46 years and we were determined to continue this tradition,” IAEL president Jeff Liebenson said in a statement.

By Jill Goldsmith

Cinema giant AMC Theatres disclosed Wednesday that it expects its first-quarter financials, which were during the second half of March hit by the shutdown of its circuit, to include a loss of up to $2.4 billion, driven by a big impairment charge amid the novel coronavirus pandemic.