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Cinemark, the third-largest movie theater chain in the US, has laid off half of its corporate staff and furloughed 17,500 hourly workers due to coronavirus pandemic restrictions. Cinemark said the 50 percent of workers who have been furloughed at its Plano, Texas, headquarters will continue to receive 20 percent of their salary as well as …
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AMC Entertainment is inching closer to a possible bankruptcy. The nation’s largest movie theater chain, whose cinema houses have been shuttered nationwide since mid-March because of the coronavirus, is in talks to hire law firm Weil Gotshal & Manges to explore a potential Chapter 11 filing, The Post has learned. Weil Gotshal’s team is headed …
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Coming to a theater near you: a marquee with no movie titles on it, but instead big letters that say “gone out of business.” With movie houses nationwide closed by the coronavirus, big cinema chains like AMC Entertainment and Regal Cinemas parent CineWorld are at risk of filing for bankruptcy in the coming weeks or …
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AMC Entertainment chief executive Adam Aron is looking at mid-June to reopen US movie theaters. The US market’s largest cinema chain shuttered all 600 of its national locations March 17 as the coronavirus ripped through the country. The pandemic has caused the temporary closure of nearly all of the country’s 40,000-plus screens. “We said we …
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“Fear the Walking Dead”? More like fear the coronavirus. Danay Garcia, who plays Luciana Galvez on the AMC hit show, told Page Six that she’s more afraid of the global pandemic than she is fighting zombies on TV — and her role hasn’t totally helped her prepare for a real-life apocalypse. “I go to conventions. …
Cinemark, the third-largest movie theater chain in the US, has laid off half of its corporate staff and furloughed 17,500 hourly workers due to coronavirus pandemic restrictions. Cinemark said the 50 percent of workers who have been furloughed at its Plano, Texas, headquarters will continue to receive 20 percent of their salary as well as …
