Variety is reporting that the CEO for AMC Theatres is now proudly saying that they have survived the pandemic and warns that the costs of new safety and cleaning procedures will be "passed on to the consumers.":
AMC Theatres Boss: ‘We’ve Survived the Corona Crisis’
AMC Theatres chief Adam Aron defends early VOD deal with Universal, talks about Disney's decision to move "Mulan" to streaming.
variety.com
Adam Aron, CEO of AMC Theatres, struck an optimistic note on a call with investors and analysts shortly after the world's largest exhibition chain reported that it had lost more than half a billion dollars in its most recent financial quarter.
"I think we've survived the corona crisis and now we've just got to get back to running the company really well," Aron said of a public health catastrophe that has brought the theater business to its knees, while raising questions about AMC's liquidity.
Aron did drop one interesting item. He noted that AMC's new safety and cleaning procedures will be expensive and that the costs will be "passed on to the consumers." That could mean higher ticket prices or that popcorn gets to be more of a luxury snack food.
"We are very close to theaters opening soon in the United States," said Aron. "See you at the movies. See you at AMC."