![]() ![]() It’s easy to see why: Sales at theaters are just a fraction of what they were a year ago. ![]() The theater chain giant AMC warned that it may not survive the pandemic, while Regal Cinemas recently suspended operations at all of its locations. The pandemic has been bad for restaurants and worse for the movie theater industry. “SMG anticipates that demand for its services will remain very tenuous until theaters are able to return to full capacity and major motion pictures resume being released for first-run theater showings.” “It remains unknown how long the COVID-19 pandemic will persist and how long the market effects will continue thereafter,” William Snyder, chief restructuring officer for Studio Movie Grill (SMG), wrote in a court document filed Sunday. Studio Movie Grill hopes to use the bankruptcy process to renegotiate with its lenders, landlords and movie studios to survive the pandemic. ![]()
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