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Los Angeles delays movie theater reopenings after rise in coronavirus cases

Los Angeles delays movie theater reopenings after rise in coronavirus cases

Source: Reuters
Date of Publication: June 29th, 2020
Los Angeles Mayor Eric Garcetti on Monday announced he was taking a “hard pause” on when movie theaters in the city can reopen, citing an increase in coronavirus cases.
AMC Delays Reopening Theaters to Late July - WSJ

AMC Delays Reopening Theaters to Late July

By: R.T. Watson
Source: The Wall Street Journal
Date of Publication: June 29th, 2020
Shift follows changes in release dates for Disney’s ‘Mulan’ and Warner Bros.’ ‘Tenet’
Warner Bros. delays ‘Tenet’ again as coronavirus cases surge - The Washington Post

Warner Bros. delays ‘Tenet’ again as coronavirus cases surge

By: Steven Zeitchik
Source: The Washington Post
Date of Publication: June 25th, 2020
Warner Bros. is delaying its much-anticipated Christopher Nolan movie “Tenet” an additional two weeks to mid-August.
Cinemark won’t require guests to wear masks despite coronavirus

Cinemark won’t require guests to wear masks despite coronavirus

By: Shawn M. Carter
Source: Fox Business
Date of Publication: June 3rd, 2020
When Cinemark reopens its theaters in June, guests won’t have to wear a face mask.

In a call with analysts this week, the movie chain detailed its reopening strategy, explaining that while it will not require moviegoers to wear face covers in accordance with guidelines set by the Centers for Disease Control and Prevention, but it will “encourage” them to do so.
Movie theater chain AMC warns it may not survive the pandemic

Movie theater chain AMC warns it may not survive the pandemic

By: The Associated Press
Source: Fortune
Date of Publication: June 3rd, 2020
Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet.
Drive-in movie theaters are making a comeback thanks to coronavirus

Drive-in movie theaters are making a comeback thanks to coronavirus

By: Chauncey Alcorn
Source: CNN Business
Date of Publication: May 26th, 2020
Getting out of the house to enjoy dinner and a movie has been no simple task since coronavirus spread throughout the US, but some business owners have found an innovative solution to the problem -- drive in theaters.
Cinemark lays off 17,500 hourly workers, furloughs half of its corporate employees

Cinemark lays off 17,500 hourly workers, furloughs half of its corporate employees

By: Rebecca Ayers
Source: Dallas Business Journal
Date of Publication: April 13th, 2020
Cinemark has taken a series of measures to preserve its financial position amid the COVID-19 pandemic, including slashing pay, laying off hourly employees, furloughing employees and reducing spending, a filing shows.
Cinemark Raising $250 Million in Debt Offering Amid Virus Crisis

Cinemark Raising $250 Million in Debt Offering Amid Virus Crisis

By: Etan Vlessing
Source: The Hollywood Reporter
Date of Publication: April 13th, 2020
The fresh cash follows Fitch Ratings and Moody's downgrading the exhibition giant's credit rating.
Disney Takes a Pandemic Hit, and There’s Worse to Come

Disney Takes a Pandemic Hit, and There’s Worse to Come

By: Brooks Barnes
Source: New York Times
Date of Publication: May 5th, 2020
“Our businesses have been hugely impacted,” the company’s C.E.O. said after quarterly profit dropped more than 90 percent. And that was for a period only partly upended by the coronavirus.