AMC Entertainment Hoping to Reopen Theaters by Mid-June
AMC Entertainment (NYSE: AMC) is hoping it will be able to reopen its 636 U.S. movie theaters by mid-June, though CEO Adam Aron admits he doesn't know when it will actually occur.
The movie theater operator has furloughed 26,000 of its 27,000 employees, including Aron, two weeks after shutting down all of its locations due to the novel coronavirus pandemic, though no one has yet been fired. It also slashed its dividend to conserve cash.
Image source: Getty Images.
Source Fool.com
