AMC Entertainment expects 520 of its 600 U.S. theaters to be open by mid-October

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AMC Entertainment Inc. shares jumped 4% in premarket trade Thursday, after the biggest operator of cinemas in the U.S. said it expects 520 of its roughly 600 theaters to be open by mid-October. AMC and other cinema chains have been hit hard by the coronavirus pandemic, which forced them to close their theaters to avoid people gathering closely indoors. AMC said it will open 14 locations in the state of Washington on Friday, October 16. “AMC will reopen its remaining theatres once authorized to do so by state and local officials,” the company said. “All reopened AMCs stringently enforce AMC Safe & Clean and follow all local guidelines and directives.” Moviegoers can expect to see “The War With Grandpa,” starring Robert de Niro, among other coming titles. AMC shares have fallen 44% in the year to date, while the S&P 500 has gained 5.8%.

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