Since theaters closed their doors in March, shares have plunged precipitously.
Mark Malinowski, vice president of Global Marketing for Showcase Cinemas, told ABC News that he and his team have been meeting every day to plan for an"eventual reopening," with a plan to accommodate customers in a vastly"different world."
Malinowski added that Showcase is looking into technology, modeled after techniques developed in China, South Korea and Singapore, such as a kiosk that can scan a crowd and determine temperatures.The AMC Burbank 16 is closed due to coronavirus on April 17, 2020 in Burbank, Calif.In an age of increasing digital streaming, Malinowski remains optimistic about the future of movie theaters.
In a statement to ABC News, a Cinemark representative wrote,"Cinemark is currently working toward a midsummer opening date, contingent upon health and safety regulations, as well as availability of studio content. The first release currently scheduled is Christopher Nolan's TENET set for July 17." Streaming services such as Netflix have greatly benefited from the COVID-19 pandemic, with its membership surging as a result of stay-at-home confinement across the country. According to its first quarterly report to shareholders of the year, 15.77 new paid subscribers new paid subscribers since Jan. 1, for a total subscriber count of over 182 million globally.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Struggling movie theaters consider reopening measuresAmericans have been going to the movies for more than a century, but for the first time in recent history, cinemas will be shuttered for the foreseeable future. The closings have delivered a crushing effect on Hollywood, as highly-anticipated movies such as James Bond's 'No Time to Die,'
Read more »
IFC Will Let Movie Theaters Screen 200 Films for Free Once They ReopenHere is a nice thing to look forward to: IFC Films says they’ll let independent theaters screen 200 of their films for free once social distance measures permit them to operate. That might not happen for some time, but once it does, rest assured, I will see Frances Ha on the big screen 35 times.
Read more »
Mom’s genius hack has kids earn 'money' for family movie night and we're stealing itSadira Gray of Richmond, Virginia, had her kids do chores in exchange for 'money' to spend at her makeshift family movie night.
Read more »
The Fashion Industry Turns to Making Face MasksWhile the fashion industry is struggling, coronavirus-related demand has enabled many fashion labels to reopen their factories to make millions of face masks See how some fashion houses are taking charge:
Read more »
Chamber Of Commerce Head Welcomes New Coronavirus Bill, Gradual Reopening Of EconomyThe president of the U.S. Chamber of Commerce says that reopening the economy 'will be gradual.' 'We know that different communities have been hit in a different way. Different industries will have different requirements,' she said.
Read more »
Craving the Roar of a Crowd? Online Reruns of Concerts, Sports Provide Solace for SomeWith movie theaters, sports arenas and performance spaces shut down due to the coronavirus, many people are watching reruns of prepandemic events to find a sense of community, solidarity and humanity.
Read more »