food IS a theme park
The global health crisis has had a particularly pointed effect on the film industry.
The Rise of Skywalker at AMC
We’ve been keeping a close eye on delays to Mulan‘s release in theaters and the reopening of the AMC location in Disney Springs. AMC theaters were expected to begin reopening on July 30th, but that date has been delayed once again.
There’s been a lot of speculation about whether or not AMC could survive the summer since they shut down all of their movie theaters in the U.S. as well as the U.K. due to the current global health crisis.
AMC Theater in Disney Springs Before Its Closure
And while the company had previously announced they would keep their theaters closed until studios began releasing new movies, they are currently working on a plan to reopen as many AMC theaters by July as they can.
In response to recent global events, theaters across the country have closed their doors. AMC Theaters in Disney Springs attempted to limit guest capacity for a short period of time before closing down temporarily.
AMC
But now that major film studios have pushed back premiere dates for several of their blockbusters, AMC decided to remain closed until these new films are released. Now — months into the closures — AMC shares the toll the shut downs have taken on their company.
Disney theme parks around the world have been closed for months. Shanghai Disneyland recently broke the theme park stand-still by re-opening, but Disney has not yet announced when the rest of the parks will re-open.
Shanghai Disneyland
In the wake of the closures, The Walt Disney Company furloughed employees and has been taking on debt to protect its financial future. Analysts recommended accepting equity agreements instead of additional lines of credit and Saudi Arabia’s public investment fund just offered Disney this opportunity.
Shortly after we saw the Disney parks shut their doors, we started to see stores, restaurants, and experiences across the country, like movie theaters, close down as well.
AMC Theater in Disney Springs
With distributors unable to theatrically release their content, some have turned to digital at-home releases instead. Is this a temporary trend out of necessity, or could Disney capitalize on this with their future film releases?
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