‘Tenet’: New York Will Be “Right On The Cusp Of Reopening” By July 17 But City Release Outlook Uncertain, AMC CEO Says

The global footprint of AMC locations is aiming to welcome the Christopher Nolan-directed release, Aron said on a conference call with Wall Street analysts, though he repeatedly called the situation “fluid.” As of Monday night, he said, Warner Bros.

Aron described AMC as a “major player” in New York, with market share of more than 40%, but said at the same time the market comprises just a “single-digit percentage” of the company’s national tally of 635 theaters. “We’re empathetic with the public officials in New York City,” Aron said. “I don’t want to make any predictions about whether New York City will be open for a July 17date or not. I hope so. They probably will just skirt through it. They might not. And the reality is, if you were to ask the mayor that question, I don’t think he’d know the answer either.”

Aron punctuated his uneasiness with a 10-second start-and-stop passage during his answer to an analyst’s question, when the garrulous executive appeared momentarily at a loss for words. “What we learn over the next four weeks will determine what happens four weeks from now,” he said. While New York City is the leading arthouse market and a hub for media, tastemakers and specialty audiences, it is also the largest U.S. city and therefore a key commercial driver for most films. AMC subsumed many of the former Loews Cineplex locations into its footprint during a period of M&A-fueled growth. In April 2000, AMC opened the doors to the Empire on 42nd Street, a multi-level complex that originally had 4,900 seats and quickly became one of the busiest theaters in the U.S.

How can movie theaters be allowed to reopen if the CDC has warned that being in enclosed spaces (movie theaters) over a extended period of time is one of the best ways to catch the virus? While are also questions over if air-conditioning spreads COVID19

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