A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images A lot has changed in the entertainment industry in 2020. With the surge in coronavirus cases has come an increased uneasiness from audiences, …
Read More »AMC hopes to raise $125 million in fresh funding round as it fights bankruptcy
People walk outside the newly boarded AMC 34th Street 14 movie theater as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 4, 2020 in New York City. Noam Galai | Getty Images Movie theater chain AMC is hoping to raise …
Read More »AstraZeneca, Intel, Caterpillar, Alibaba & more
Check out the companies making headlines before the bell: AstraZeneca – Britain became the first country to approve the drug maker’s Covid-19 vaccine, setting the stage for a rollout of millions of doses. The vaccine is not yet approved in the U.S., with the FDA still to review large-scale trials. The …
Read More »Theaters, concert venues left waiting for help after Trump threat
The $900 billion coronavirus relief package includes a long sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set to become law this week, but President Donald Trump on …
Read More »AMC could benefit from bankruptcy, analysts say
For the largest cinema chain in the world, bankruptcy could be the best option to survive the coronavirus pandemic. The coronavirus pandemic has battered theaters since March, crunching their bottom lines, but no one has been hit harder than AMC. The cinema chain headed into the pandemic with nearly $5 billion in …
Read More »AMC secures $100 million investment but bankruptcy concerns still loom
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images The largest theater chain in the world just got a $100 million shot in the arm. …
Read More »How Covid-19 upends superhero, horror movie theater era: Jason Blum
Hollywood movie producer Jason Blum recently told the New York Times that coronavirus has “shaken the movie business to its bones,” but the head of Blumhouse Productions, best known for its horror films, is bullish on the post-Covid future of movie theaters. Though he sees some big changes coming if …
Read More »Investors try to gauge if retail’s stay-at-home trends will stick
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty Images Investors have closely watched retailers who sell home improvement …
Read More »Universal inks deal with Cineplex to shorten theatrical window
The doorway to the head office of Canadian movie theater company Cineplex Entertainment. george socka | iStock Editorial | Getty Images Universal has struck yet another deal with a major theater chain to shorten the theatrical window from three months to as little as 17 days. On Friday, the company …
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