REUTERS: AMC Entertainment Holdings Inc said on Tuesday it plans to reopen eight theaters in California, one of its key markets, providing some much needed hope to an industry that has been hammered by the COVID-19 pandemic.
AMC said that it would reopen theaters in Northern California, including San Francisco and the greater Bay Area.The world's largest theater chain expects to have about 540 of its 600-theatre circuit open by the end of this month. While big theater chains such as AMC Entertainment and Cineworld Group have reopened many locations, audiences have been thin due to virus fears and delays in major releases by studios.Shares of AMC, which have fallen 62per cent this year, were up 4.3per cent in premarket trading.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: