AMC theaters join a handful of theaters that lend customers aud auditoriums for private screenings – a growing trend due to the Kovid-19 epidemic.
AMC allows rental of up to 20 people. According to its website, rates start at $ 99, excluding taxes, and increase to 9 349 depending on any other add-ons, such as movie, theater location and food and drink. AMC’s FAQ page lists microphones for renting guests an extra greet 100 charge, when there’s more time to enter The auditorium, beyond the standard 15 minutes, will cost another 250.
It contributes to the loss of the Covid-19 epidemic industry as part of the theater chain’s efforts to stay afloat this year.
AMC’s revenue fell by about 22% to 94 941.5 million in the same quarter last year from 1. 1.2 billion in the same quarter last year, according to a June report from the Securities and Exchange Commission. In another filing, the world’s largest theater chain could run out of money by the end of the year.
The company blames the damage by shutting down its theaters to reduce the spread of the virus.
“In order to comply with these restrictions, all our theaters around the world have temporarily suspended operations during the month of June,” the company said in a filing. “During this period, we are effectively generating no revenue.”
Hollywood studios are also delaying the release
Films like Wonder Woman 1984, Warner Bros. film. The number of viewers using streaming services has increased significantly since the launch of stay-at-home orders last spring. According to Nielsen, staying at home can increase streaming activity by up to 60%.
Jeff Boke, a senior analyst at Entertainment Research Pay Exhibitor Relations, told CNN earlier this month that theaters would be hit hard if these trends continue.
“If we have to prepare for the inevitability that one or more of the main chains will not survive if this situation continues unabated until next summer,” Bock told CNN. “The number of movie theaters that will be closed permanently will be directly proportional to how long it takes for the US to contain the virus.”
It is clear that AMC is looking for creative solutions to its financial problems.
This promotion is available in most states, except New York, Alaska and Hawaii.
Frank Palotta contributed to this report.