AMC Entertainment Holdings Inc. shares AMC,
went 7% in premarmer trade Thursday, after the largest cinema cinema in the US said it planned to reopen its doors on August 20 to celebrate 100 years in the company with plans to raise the 1920 price tag 15 cents to count a ticket. The company was founded in 1920 with a theater on 12th Street and Grand Boulevard in Kansas City, Missouri, according to a statement. “One hundred years later, when AMC reopens its doors to American filmgoers for the first time in more than five months, AMC celebrates its history with a throwback to the year it all began by offering” Movies in 2020 at 1920 Awards , “the statement said. Due to the pandemic, capacity will be significantly reduced to reach social distance. The company expects about two-thirds of its more than 600 cinemas in the U.S. to open in time for Warner’s Sept. 3 release. Bros. “Tenet,” after the August 28 release of “The New Mutants. “The remaining cinemas will reopen if allowed by state and local officials. The August 20 event will be followed by other promotions that will include films to bring back films, including” Black Panther, “” Back to the Future, “” Ghostbusters, “Grease” and “Star Wars: Episode V – The Empire Strikes Back” at a $ 5 admission price. AMC shares have fallen 36% in the year to date, while the S&P 500 SPX,
has received 4.6%.
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