AMC Entertainment Reopening Another 170 Cinemas on Thursday

Thursday is reopening day for AMC Entertainment Holdings (NYSE: AMC), as it is begins turning back on the lights in 170 of its U.S. cinemas. All told, the company said, it will have almost 300 of its locations open.

This is the second wave of reopenings for the company, which is the largest movie theater chain in the U.S.; the first was smaller, involving over 100 cinemas. AMC said in a press release the reopenings will continue in phases, and the company plans to have around 400 operational by Sept. 3, the date on which the highly anticipated thriller Tenet is scheduled to be released. AMC owns roughly 600 movie theaters throughout the U.S.

Image source: AMC Entertainment Holdings.

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Source Fool.com