AMC Entertainment (control center) Revenues for the second quarter announced on Monday climbed to US$444 million, exceeding the expected US$382.2 million as the country has opened up from the COVID-19 pandemic.
Compared with the same period in 2020, the sales of this chain of movie theaters have increased significantly, when due to the pandemic, it only brought in $19 million in revenue.
“AMC’s pandemic journey is not over yet, and we are not out of the predicament yet,” CEO Adam Aaron says“However, there is no guarantee of what the future will bring in a world still affected by infection. One can look to the future and imagine the happy Hollywood ending of this story.”
As of June, AMC’s 593 theaters are all open, and most of the international theaters are already in operation.
At the same time, AMC’s US subscription revenue increased by 14% to $427 million. The company owns TV networks AMC, IFC and Sundance Channel, as well as niche streaming services.
Aaron said that AMC did not win, but the company “can see the light at the end of the tunnel.”
If the domestic box office reaches at least US$5.2 billion, AMC expects to achieve profitability in the fourth quarter of 2021. The company recently purchased two Los Angeles area theaters.
Despite the threat of Delta variants, the movie theater industry remains optimistic.This Hollywood Report Monday Report The theater owner will not object to the request for vaccination certificates for movie audiences.
