AMC Theatres Lost $561 Million During Second Quarter

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.

Here's a closer look at what to expect during your next visit to #AMCTheatres! The full AMC Safe & Clean plan: https://t.co/ajYqNYREu6 pic.twitter.com/cS3GBnloAx— AMC Theatres (@AMCTheatres) August 14, 2020In the video, AMC detailed that guests can book tickets ahead of time for reserved seating in order to remain contactless.

AMC Theatres will reopen its U.S. screens on Aug.

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.

Patrick Frater Asia Bureau ChiefChina’s leading online music firm Tencent Music Entertainment pointed to increased investment as the reason for a no better than flat performance in the first half of the year.Revenues for the April to June quarter were RMB6.93 billion ($981 million), an increase of 18% year-over-year, and up 14% to RMB13.2 billion for the first six months of the year.

Also Read: 'Moana' Star Auli'i Cravalho Is All Grown Up in First Trailer for Netflix YA Drama 'All Together Now' (Video)“Today, we have more video game players playing for more hours, while spending more in the process; and what gamers old and new are discovering is an industry that has a wide array of experiences available to them regardless of device and budget,” NPD Group analyst Mat Piscatella said in a statement Monday.

Liberty Media, the company controlled by billionaire mogul John Malone that houses assets like audio entertainment giant SiriusXM, the Atlanta Braves baseball club and the Formula One racing circuit, on Monday reported second-quarter financials as the novel coronavirus pandemic delayed events in its sports operations.

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority stake to an investor group led by former Viacom CFO Wade Davis, reported lower second-quarter financials amid the novel coronavirus pandemic.

Also Read: AMC Theatres Lost $561 Million During Second QuarterWhile digging itself out of default, AMC still has a negative credit outlook from S&P. The credit rating firm expressed concern regarding AMC’s plans to begin reopening theaters later this month.“Considerable risk and uncertainty related to this timeline remains.

When Disney announced plans to take it’s $200 million “Mulan” remake and send it straight to Disney+ streaming service with an additional $30 fee, people were shocked.

Cinema giant AMC Entertainment Holdings posted second-quarter financial results on Thursday as it looks to reopen its theaters and survive the coronavirus pandemic after a debt restructuring. The extent of the COVID-19 hit taken so far by the largest U.S.

Also Read: AMC Theatres Lost $561 Million During Second QuarterAs part of the agreement, Universal now has the option to release its films as premium video on-demand titles after they have been in theaters for 17 days. The deal will also make those films available on AMC’s recently launched on-demand service and includes PVOD profit sharing between the two companies, though details remain confidential.

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.

Brent Lang Executive Editor of Film and MediaAMC Entertainment lost $561.2 million during a quarter where the world’s largest exhibitor’s cinemas were closed to moviegoers and virtually its entire staff was laid off or furloughed. Revenues at the company topped out at $18.9 million, a 98% plunge from the year-ago period.

Chris Willman Music WriterA second-quarter earnings call with Live Nation execs Wednesday was full of hope, promise and even swagger… for 2021-22.

Yahoo Finance. The company reported a loss of $1.45 per share on $8.974 million in revenue.All told, Cinemark lost $170.4 million in Q2 2020, when the movie theater chain’s ticket sales tallied a sad $37,000.

Debt ratings agency S&P Global Ratings has reduced AMC Entertainment's credit ratings due to concerns over its new debt deal with bondholders. The research firm downgraded AMC's credit rating to SD (selective default) from CC.

Cable operator Charter Communications, in which John Malone's Liberty Broadband owns a big stake, on Friday reported that it grew its pay TV subscribers in the second quarter when including customers on special COVID-19 offers and that its broadband user growth accelerated amid the coronavirus pandemic. It also more broadband users than in the year-ago period during what was the first quarter to be fully affected by the novel coronavirus pandemic.

coronavirus pandemic.The giant screen producer/exhibitor says it has lost 44 cents a share, on revenues of $8.9 million.

Just a few months (in fact, exactly three months to the day) after the theatre chain proclaimed it would no longer play movies from the studio, AMC Theatres and Universal Pictures have signed a multi-year agreement that will allow the studio’s films to premiere on premium video on demand (including the theater’s own, AMC Theatres On Demand) within just three weeks of their theatrical debuts.