Category: amc
Theaters are ready to reopen, but is America ready to go back to the movies?
Last week, AMC marked its earnings report with a somber note. The movie theater giant warned of losses reaching up to $2.4 billion, courtesy of COVID-19-related closures, adding that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” AMC isn’t alone.…
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Amazon Prime Video to globally premiere 7 Indian movies as theaters remain closed
Amazon has secured rights to premiere seven Indian movies that were initially scheduled for a theatrical release directly on its Prime Video on-demand streaming service in a move that has prompted two major movie theater chains to express “extreme displeasure” and “disappointment.” The e-commerce giant, which is reportedly in talks to buy…
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