Movie Theaters

Capacity restrictions on New York City movie theaters – now at 33% — will be lifted on May 19 but six-foot social distancing rules won’t — a somewhat confusing edict set out earlier Monday by Governor Andrew Cuomo. Break out the measuring sticks. Cuomo rarely mentions movie theaters and didn’t specifically today but it seems
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The closure of Pacific Theatres and ArcLight may have sounded alarm bells over the dire state of exhibition due to the coronavirus pandemic, but theater owners are especially frustrated, anxious and unnerved that a signature government lifeline so far has struggled to get up and running. The Shuttered Venues Operators Grant (SVOG), as the Small Business
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AMC Entertainment revenue fell last quarter plunged to $162 million from close to $1.5 billion the year as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from
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Financially hurting cinema advertising network National CineMedia has inked a deal to run ads with Coinstar, a big operator of supermarket coin-counting kiosks. With the exhibition business on the Covid-19 skids, the agreement helps expand National CineMedia’s digital-out-of-home footprint by extending its movie-centric entertainment content, trivia, and advertising beyond movie theaters to complementary venues. It
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