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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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.

Gulf Coast braces for Zeta after storm strengthens into hurricane

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane and threatened Mexico's Yucatan Peninsula as it moved towards the U.S. Gulf Coast.

The state of play: Zeta was expected to make landfall on the northern part of the Yucatan Peninsula Monday night, bringing with it a "dangerous storm surge" and "heavy rainfall" as it moved into the Gulf of Mexico, the National Hurricane Service said.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.