Hungarian Film

Main Menu

  • Home
  • Motion Picture
  • Movie Theater
  • Movie
  • Cinema
  • Accounts

Hungarian Film

Hungarian Film

  • Home
  • Motion Picture
  • Movie Theater
  • Movie
  • Cinema
  • Accounts
Cinema
Home›Cinema›AMC signs agreement to lease the Grove and the Americana

AMC signs agreement to lease the Grove and the Americana

By Anita Leet
July 19, 2021
0
0
Share:



A man walks past AMC Georgetown 14 Theaters in Washington, DC on June 3, 2021.

Mandel Ngan | AFP | Getty Images

AMC Entertainment, the world’s largest movie theater chain, is adding two more Los Angeles venues to its list.

On Monday, the company announced that it was taking over the leases of the 14-screen cinema at The Grove shopping complex in the Fairfax district and the 18-screen location of Americana at Brand in Glendale. Both sites were previously operated by Pacific Theaters and are owned by real estate company Caruso.

In April, Decurion, owner of the Pacific Theater and ArcLight Cinema chains, said it would not reopen its 17 locations. AMC, which raised more than $ 1.6 billion in cash from the sale of shares, previously revealed it was reviewing several of Decurion’s old leases, looking for locations that had strong ticket sales. before the coronavirus pandemic.

In 2018, The Grove Theater was the second highest grossing movie theater and the Americana was the fifth highest grossing movie theater in the Los Angeles area. AMC is expected to reopen these theaters in August.

“These two theaters are each located in world-class lifestyle hubs offering the best retail, dining and entertainment options,” AMC CEO Adam Aron said in a statement Monday. “Each was designed and is managed by Caruso, one of the largest and most admired private real estate companies in the United States.”

Expanding AMC’s presence has always been at the heart of Aron’s strategy. Aron acquired Carmike, Odeon and Nordic shortly after taking over as CEO in 2015.

The company’s shares edged down after the closing bell on Monday, but are down more than 40% from last month. The company’s stock price has been halved from its peak of $ 72.62 reached in early June of this year. The wild swings came when the name was swept up in the Reddit investment craze along with other “meme” stocks like GameStop and Bed Bath & Beyond.



Related posts:

  1. International Cinema Zoom Lenses Market (2021-2026) with Excessive Progress Firms: Zeiss, Samyang, Leica, Cooke Optics Restricted, TOKINA – KSU
  2. EPIC Out of doors Cinema and Twilight Options Carry Final Viewing Night time, “Vehicles Beneath the Stars” – WSVN 7News | Miami Information, Climate, Sports activities
  3. Los Angeles Theaters Inexperienced Lighted To Reopen For The First Time In A 12 months | Information
  4. Cinema is able to take again its crown from streaming giants: the Tribune India
Tagslos angelesmovie theaterunited states
Previous Article

AMC joins the rout of cinema stocks

Next Article

Opera House Cinema Series to present ‘Queen ...

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • Accounts

    3 absolutely solid stocks to buy before the market collapses again

    March 11, 2021
    By Anita Leet
  • Cinema

    Local director speaks out against sexism in film — Berkeley High Jacket

    March 20, 2022
    By Anita Leet
  • Movie Theater

    The Rheem Theater welcomes enthusiastic moviegoers inside

    July 21, 2021
    By Anita Leet
  • Cinema

    ‘BTS Permission To Dance’ Tops Event Cinema – Specialized Box Office – Deadline

    March 13, 2022
    By Anita Leet
  • Motion Picture

    Academy Museum of Motion Pictures is ready for its close-up

    September 28, 2021
    By Anita Leet
  • Cinema

    Stop the applause, Spider-Man fans – you are ruining the cinema

    December 18, 2021
    By Anita Leet

  • Cinema

    Movie fans enjoy Grease at Sandringham Estate

  • Movie

    Shirley: 7 Quick Things We Know About Regina King’s Next Netflix Movie

  • Cinema

    History of alternative cinema: Unsung no more

Categories

  • Accounts
  • Cinema
  • Motion Picture
  • Movie
  • Movie Theater

Recent Posts

  • Karan Johar claims Aamir Khan is responsible for loss of tone in Hindi cinema
  • New Digimon Movie Will Feature First Partner DigiDestined
  • Steve Carell’s 7 Best and 7 Worst Movies, Ranked
  • Dolby Cinema vs. IMAX — Which offers a better theatrical experience?
  • Hitchcock Classics at Landmark’s E Street Cinema

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021

Recent Posts

  • Karan Johar claims Aamir Khan is responsible for loss of tone in Hindi cinema
  • New Digimon Movie Will Feature First Partner DigiDestined
  • Steve Carell’s 7 Best and 7 Worst Movies, Ranked
  • Dolby Cinema vs. IMAX — Which offers a better theatrical experience?
  • Hitchcock Classics at Landmark’s E Street Cinema

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • March 2021

Categories

  • Accounts
  • Cinema
  • Motion Picture
  • Movie
  • Movie Theater
  • Privacy Policy
  • Terms and Conditions