AMC, Cinemark won’t close theaters even as blockbusters flee 2020 – CNBC
AMC Theaters, the largest cinema chain in the U.S., and rival Cinemark said they have no plans to shutter theaters even as additional Hollywood blockbusters postpone their release dates to next year.
Early Tuesday, both chains said that 80% of their U.S.-based locations are open to the public and will remain so in spite of daunting headwinds.
Shares of AMC were up around 1.5% Tuesday, while Cinemark shares rose more than 6%. AMC’s stock, which has a market value of $451 million, has plunged 41…