AMC Theaters will close across the US for up to 12 weeks

[Yappi]

I doubt many are going to the theaters right now anyway...

AMC Theaters, the largest theater chain in the United States, will shut its doors nationwide for between six to 12 weeks.

The move complies with local, state, and federal directives to help fight the spread of COVID-19, the disease caused by the novel coronavirus. Over the last few days, multiple states and cities have declared that venues like movie theaters, bars, and restaurants must close. The federal government also recommended that public gatherings shouldn’t exceed 10 people, making it impossible for movie theaters to operate.

AMC Theaters will close across the US for up to 12 weeks

AMC Theaters CEO is saddened by the decision but hopes to reopen soon.

www.theverge.com

 

[OhioBobcatFan06]

I fear quite a few businesses like this may never reopen. How are they going to pay their rent?

 

[bob22]

I fear quite a few businesses like this may never reopen. How are they going to pay their rent?

CEO paycuts?

 

[Yappi]

I fear quite a few businesses like this may never reopen. How are they going to pay their rent?

Agreed. There are probably alot of businesses that were struggling week-to-week but still making it. Now they have to shutdown and absorb some of those costs. Might not be around when things return to normal.

 

[NewOldBlood]

I would think that will be part of the purpose behind the$850 billion stimulus packages. I expect there to be a bunch of government bailouts.

 

[Zunardo]

You know, there are still a couple of Family Video DVD rental locations in Columbus ....