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Movie Houses See Hope in New Covid Relief Package. Getting 600 people through the theaters lobby before a showtime would be too dangerous, he said. Movie theaters will look vastly different if they survive COVID-19. Data is a real-time snapshot *Data is delayed at least 15 minutes. AMC Theatres, the worlds largest cinema chain, delayed plans to open its doors until July 30, after previously targeting July 15. The coronavirus emptied movie theaters. Today in Business. In the last six months, the coronavirus has decimated the business of American movies. Part of the uncertainty for cinemas stems from the fact that some states havent given clear guidance about when they can reopen. of already squishy financial metrics used to compare businesses. When the movies got pushed, we decided to take a pause, because it just didnt make sense, Bagby said. For Nitehawk Cinema in Brooklyn, the other side may finally be in sight. Were being smart about it.. Its not about the first day, the first weekend, or the first week. Disclosure: Comcast is the parent company of NBCUniversal and CNBC. Its not a chicken-and-egg situation, its a safety issue.. Last month, Cooper also eased COVID-19 restrictions, including allowing movie theaters to operate at 50% capacity, up from 30%. Movie theatre owners will have to The COVID-19 pandemic has devastated movie theaters as a group due to plummeting attendance, both due to the economic recession and because millions of Florida theaters were allowed to open with 50% capacity in June. After that, Sony Pictures is set to unveil the romantic comedy The Broken Hearts Gallery on Aug. 7. Were going to make sure the new releases are set in stone before we get excited.. The COVID-19 Pandemic has had an impact on nearly all aspects of our lives, and the film industry is no exception. Movie theaters The groups complaint said theaters were being unfairly discriminated against in the state, where religious gatherings are permitted with 25% capacity, or up to 100 people, whichever is lower. Cinemark released a three-minute video demonstrating the companys contactless ticketing and entry, sanitation equipment, and concession workers behind plexiglass barriers. An alumnus of USCs Annenberg School and UC Santa Barbara, he previously wrote for the Los Angeles Business Journal and Bloomberg News. The companies are expected to announce their proposed joint venture as early as Monday, creating a new company that would reshape Hollywood. Pictures.). Mario TamaGetty Images By Eliana Dockterman "The huge marketing pushes that have existed in the movie business every single launch to get people to go to a movie theater and take an action of buying a ticket also disappeared this year," he said. ALBUQUERQUE, N.M. For the first time in over a year, people were allowed to watch a movie in a theater in Albuquerque. But the vast majority of the countrys nearly 5,550 indoor theaters remain shuttered, and the recent surge in COVID-19 cases and hospitalizations in multiple states has postponed what was already expected to be a slow recovery. Drive-ins had no big-budget movies to show. As a result, AMC, the largest movie theater chain in "So, they didn't have the same marketing push, therefore they didn't have the same awareness, therefore they didn't have the same power to penetrate culture.". Its still unclear how eager moviegoers will be to return to the cinema. A Division of NBCUniversal. Walt Disney Co.'s Mulan was pushed from July 24 to Aug. 21. However, the Tampa Theatre, a nonprofit movie palace built in 1926, decided to remain closed. 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