AMC says it will close 249 more US screens in 2001
Publicly traded US exhibitor AMC Entertainment is to close 249 screens this year in addition to the 66 it has already said it will close. The closures come the day after AMC reported a $63.6m net loss for the fourth quarter ending March 29 on revenue of some $290m.Losses in the year ending March 29 totalled $105.9m, reflecting an industry-wide depression which results from dramatic overbuilding and a series of bankruptcies.AMC controls 2,766 screens in about 180 sites ...
Continue reading – simply subscribe below
It takes just two minutes and you’ll immediately gain full access to ScreenDaily.com, PLUS Screen International monthly magazine delivered to your door.
Screen International Subscribers:
If you are a Screen International subscriber please sign in with your email address and click submit:
Not a Screen International subscriber?
Sign up today for immediate and complete access to screendaily.com and the monthly Screen International magazine for as little as £19 a month!
Find out more about all the benefits of a subscription to Screen International.
