Photo: Noam Galai / Contributor

AMC is pushing back reopening of most U.S. theaters until mid- to late-August, the exhibitor said Thursday.

Why it matters: AMC and its rivals have been putting off their reopenings further and further as major movie releases are delayed. Most are waiting to time reopenings with Warner Bros. "Tenet," which AT&T says will still debut in theaters, but after being pushed back many times, remains unclear as to when.

Between the lines: AMC has struggled throughout the coronavirus pandemic. Earlier this year, the company filed for chapter 11 bankruptcy. After pushback, AMC reversed its mask policy to say that face coverings will be required for patrons.

The big picture: Theater chains are under extraordinary business pressure to reopen. The business was already facing pressure from consumers flocking to streaming services. That has accelerated during the pandemic.

  • Internationally, "approximately one-third of all AMC cinemas in Europe and the Middle East are already open and are operating normally," AMC said in its Thursday release.

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Hollywood's lost summer

Photo illustration: Aïda Amer. Photo: David Livingston/GC Images

Nearly five months after Hollywood first began to shutter, the prospect of a reopening of theaters and production sets still seems grim.

Why it matters: The entertainment industry was experiencing record theater revenues and explosive production demand prior to the coronavirus. Now, Hollywood's facing its biggest financial crisis ever.

22 mins ago - Health

Axios-Ipsos poll: Fear of voting

Data: Axios/Ipsos poll; Note: ±3.0% margin of error for the total sample; Chart: Andrew Witherspoon/Axios

Democrats are twice as likely as Republicans to worry about in-person voting — with nearly two in three seeing it as a large or moderate risk to their health — according to this week's installment of the Axios-Ipsos Coronavirus Index.

Why it matters: This could pose a significant disadvantage for Joe Biden and other Democratic candidates in November if the pattern holds — especially in states where high infection rates persist, or where there are significant hurdles to mail-in, absentee or early voting.

Trump: Coronavirus is "under control"

President Trump said in an interview with “Axios on HBO” that he thinks the coronavirus is as well-controlled in the U.S. as it can be, despite dramatic surges in new infections over the course of the summer and more than 150,000 American deaths.

  • “They are dying, that's true. And you have — it is what it is. But that doesn't mean we aren't doing everything we can. It's under control as much as you can control it. This is a horrible plague,” he told Axios' Jonathan Swan.