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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.

Go deeper

Regal Cinemas to temporarily close all 663 of its theaters in the U.S. and U.K.

Photo: Joe Raedle/Getty Images

British movie exhibitor Cineworld, the parent company to Regal Cinemas, said on Monday that it would temporarily close all 663 of its movie theaters in the United States and the U.K.

Why it matters: Theater chains have struggled to survive the economic fallout of the coronavirus. Some analysts have argued that the pandemic could become the death knell to the theater industry.

Biden gets mixed grades on revolving door

Illustration: Sarah Grillo/Axios

President Biden is getting mixed marks for his reliance on industry insiders to staff his administration during its first 100 days.

Why it matters: Progressives have leaned on the new president to limit the revolving door between industry and government. A new report from the Revolving Door Project praises him on that front but highlights key hires it deems ethically questionable.

Exclusive: Sen. Coons sees new era of bipartisanship on China

Sen. Chris Coons. Photo: Kent Nishimura / Los Angeles Times via Getty Images

The Jan. 6 insurrection was a "shock to the system," propelling members of Congress toward the goal of shoring up America's ability to compete with China, Sen. Chris Coons (D-Del.) told Axios during an interview Thursday.

Why it matters: Competition between China's authoritarian model and the West's liberal democratic one is likely to define the 21st century. A bipartisan response would help the U.S. present a united front.