AMC Theatres to Close All U.S. Locations for 6 to 12 Weeks Beginning Tuesday Morning, March 17
March 17 2020 - 1:24AM
Business Wire
The closure ensures AMC’s compliance with the
rapidly evolving local and federal government guidelines and
requirements to shut theatres
All AMC Stubs A-List members will automatically
have their accounts paused during the theatre closure
Movie lovers are encouraged to continue the AMC
movie-watching experience through AMC Theatres On Demand
AMC Theatres (NYSE:AMC, "AMC" or the "Company"), the largest
theatrical exhibition company in the United States, announced that
as of Tuesday, March 17, all AMC locations in the United States
will close for at least six to 12 weeks, in compliance with local,
state and federal directives, and as a precaution to help ensure
the health and safety of moviegoers and theatre staff. AMC will
continue to monitor the situation closely, and the Company will
remain flexible on reopening, in accordance with CDC
recommendations and governmental directives.
The COVID-19 situation has developed rapidly throughout the
country over the last week, and during the last 48 hours more than
a dozen states and major markets have mandated that movie theatres,
bars and restaurants must close. Today, the federal government
recommended no public gatherings take place that are larger than 10
people, making movie theatre operations essentially impossible.
Throughout the past several weeks, AMC has complied with all CDC
guidelines and governmental mandates.
As a result of the temporary theatre closures, AMC will
automatically pause all A-List memberships for the time that AMC
theatres are closed, with no billing or payments occurring. Members
will be notified prior to this pause expiring and will have the
option to choose to extend the pause for another month if they so
desire. Additionally, any A-List member who did not renew their
membership any time so far in calendar year 2020 will not have to
wait the customary 6 months to rejoin.
AMC movie fans are encouraged to utilize AMC Theatres On Demand,
which allows them to rent or buy movies from a selection of more
than 3,500 titles, including recent and popular titles from every
major studio. AMC Theatres On Demand can be accessed online through
AMC’s website, through AMC’s mobile app, and through several smart
TV apps.
AMC CEO and President Adam Aron said: “We are ever so
disappointed for our moviegoing guests and for our employee teams
that the new CDC guidelines that Americans should not gather in
groups larger than 10 people make it impossible to open our
theatres. Still, the health and wellbeing of AMC guests and
employees, and of all Americans, takes precedence above all else.
We will continue to monitor this situation very closely and look
forward to the day we can again delight moviegoers nationwide by
reopening AMC movie theatres in accordance with guidance from the
CDC and local health authorities.”
About AMC Entertainment Holdings, Inc.
AMC is the largest movie exhibition company in the United
States, the largest in Europe and the largest throughout the world
with approximately 1,000 theatres and 11,000 screens across the
globe. AMC has propelled innovation in the exhibition industry by:
deploying its Signature power-recliner seats; delivering enhanced
food and beverage choices; generating greater guest engagement
through its loyalty and subscription programs, web site and mobile
apps; offering premium large format experiences and playing a wide
variety of content including the latest Hollywood releases and
independent programming. AMC operates among the most productive
theatres in the United States' top markets, having the #1 or #2
market share positions in 21 of the 25 largest metropolitan areas
of the United States. AMC is also #1 or #2 in market share in 12 of
the 15 countries it serves in North America, Europe and the Middle
East. For more information, visit www.amctheatres.com.
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MEDIA CONTACT Ryan Noonan, (913) 213-2183
rnoonan@amctheatres.com
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