f
  •  
New York City theaters to reopen at 25% capacity with precautions, Cuomo says Reuters. New York Governor Andrew Cuomo visits vaccination site in Brooklyn

(Reuters) - Movie theaters in New York City can reopen on March 5 at 25% capacity with no more than 50 people per screen, Governor Andrew Cuomo said on Monday.

"Assigned seating, social distancing and other health precautions will be in place," Cuomo wrote in a tweet.

The lockdowns imposed to prevent the spread of the COVID-19 pandemic have hurt theater operators.

Many including cinema chain AMC Entertainment (NYSE:AMC) Holdings are struggling to stay afloat even as big studios Walt Disney (NYSE:DIS) and Warner Bros decided to release movies directly on online streaming platforms.

After Cuomo's announcement, AMC said it will reopen all its 13 theaters in New York City from Mar. 5. Theater chain Cinemark did not immediately respond to a request for comment.

"New York City is a major market for moviegoing in the U.S., re-opening there gives confidence to film distributors in setting and holding their theatrical release dates," the National Association of Theatre Owners said in a statement.

Movie theaters outside of New York City were allowed to reopen on Oct. 23 after a months-long hiatus spurred by the coronavirus pandemic.

"We look forward to expanding the capacity from 25% to 50% in the very near future so that theatres can operate profitably," the association said.

After closing nearly 15% higher, shares of AMC Entertainment were up 8.5% in extended trading, while Cinemark was up 2.2% after ending the day up 6.3%.


Other relevant articles 
[2021-02-22 23:05:46] Occidental Petroleum posts loss on asset sale
[2021-02-22 22:50:23] Ten-year Treasury yield catching up to S&P 500 dividend
[2021-02-22 22:40:23] Home Depot Profit, Consumer Confidence, Fed Testimony: 3 Things...
[2021-02-22 22:30:25] Dow Ekes Out Positive Close on Rescue From Value Stocks
[2021-02-22 22:30:25] Exclusive: Discount retailer Dollar General takes steps to find possible CEO successor - sources
[2021-02-22 22:25:26] Dow Ekes Positive Close on Rescue From Value Stocks
[2021-02-22 22:20:23] Apple users may spend more on non-gaming mobile apps by 2024 -...
[2021-02-22 22:10:23] U.S. agency moves to finalize rules for new $3.2 billion...
[2021-02-22 21:55:23] Trials of retooled vaccines for variants could take months: U.S....
[2021-02-22 21:50:25] Cinemas Surge as Movies to Reopen In NYC at Reduced Capacity
[2021-02-22 21:40:23] Cinema Stocks Surge as Movies Set to Reopen In NYC at Reduced...
[2021-02-22 21:40:23] Analysis: Vaccine rollout a shot in the arm for soaring sterling
[2021-02-22 21:15:24] U.S. House budget committee approves $1.9 trillion covid-19 aid...
[2021-02-22 21:15:24] For Long-Term Superior Returns And Diversification, Try An...
[2021-02-22 21:10:23] New Jersey governor signs legislation legalizing recreational...
[2021-02-22 21:05:22] Exclusive: Chilean miner Codelco says copper price spike will bolster war chest, raise costs
[2021-02-22 20:55:27] Reflation Hopes Take Copper to 9-Year High; Gold Back Above $1800
[2021-02-22 20:05:22] Brazil markets tank as Bolsonaro shakes up Petrobras to cut...
[2021-02-22 19:50:22] Brazil market regulator CVM opens investigation into Petrobras...
[2021-02-22 19:45:33] Work from home: Offices to remain deserted for months in Britain
[2021-02-22 19:40:22] Dow Turns Positive as Value Stocks Lead Comeback; Tech Stumbles
[2021-02-22 19:30:23] Royal Caribbean Shares Soar on Bullish Outlook for Bookings
[2021-02-22 19:20:22] Mother whose 11-year-old son died in Texas freeze sues for $100...
[2021-02-22 19:15:29] Mexican government gives Pemex $3.5 billion fiscal support
[2021-02-22 19:05:22] U.S. bank software provider Alkami plans IPO at $3 billion...
[2021-02-22 18:55:30] About a third of Texans still facing disrupted water supplies
[2021-02-22 18:55:30] UK car sector laments showroom closures in key selling month of...
[2021-02-22 18:00:26] Spotify to launch in more markets, reach over a billion listeners
[2021-02-22 17:50:44] As Commodities Vault Higher, The Meats Will Continue To Climb
[2021-02-22 17:30:24] Broker IG pulls some of its riskier products after GameStop...
[2021-02-22 17:20:23] Alphabet in talks with Spanish publishers to bring Google News...
[2021-02-22 17:15:22] Attorney General nominee Garland vows to make Jan. 6 riots probe...
[2021-02-22 17:10:22] Crude Prices Surge as Texas Thaws; Brazil Chaos Raises Old...
[2021-02-22 16:50:23] Ukraine accuses Russian networks of new massive cyber attacks
[2021-02-22 16:40:23] U.S. Supreme Court to review a hardline Trump immigration rule
[2021-02-22 16:25:22] U.S. Supreme Court snubs Republican appeal in Pennsylvania voting...
[2021-02-22 16:25:22] Google to resume accepting political ads in U.S
[2021-02-22 16:10:23] U.S. Supreme Court to weigh Trump administration abortion...
[2021-02-22 16:10:23] France says no chance at the moment of it signing Mercosur trade...
[2021-02-22 16:00:26] Yellen: stimulus success judged by returning to pre-pandemic...
[2021-02-22 16:00:26] U.S. lawmakers ask video providers to address misinformation by...
[2021-02-22 15:50:22] Wall Street Tumbles at Open, Spooked by Rising Bond Yields; Dow Down 160 Pts
[2021-02-22 15:50:22] U.S. Supreme Court allows release of Trump tax returns
[2021-02-22 15:45:22] Voting machine company sues My Pillow and its pro-Trump chief over election...
[2021-02-22 15:35:21] Sensor maker Velodyne Lidar removes board chair following...
[2021-02-22 15:25:21] Taco Bell looks to enter crowding chicken sandwich space
[2021-02-22 15:20:22] Exclusive: South African upstart bank teams up with JG Summit to...
[2021-02-22 15:20:22] IMF says COVID-19 might widen wealth differences in Europe
[2021-02-22 15:10:22] Stuck in port, Royal Caribbean posts $1 billion quarterly loss
[2021-02-22 15:00:32] Commodities Week Ahead: Oil, Gold At Inflection Point After Correction
[2021-02-22 14:35:23] Traders See Earlier Fed Hikes, Even as Goldman Cautions on Pace
[2021-02-22 14:25:21] Boeing, Raytheon Fall Premarket; Kohls Rises
[2021-02-22 14:20:24] Schroders to form China wealth management venture with BOCOM
[2021-02-22 14:10:22] Opening Bell: Futures, Stocks Slump As Inflation Fears Escalate; Oil Rebounds
[2021-02-22 13:55:21] Goodyear to buy Cooper Tire for $2.8 billion, doubling China...
[2021-02-22 13:40:22] Futures fall on concerns over rising yields, inflation...
[2021-02-22 13:30:23] Exclusive: From gum to gummies, Beau Wrigley takes pot producer...
[2021-02-22 13:20:47] Nasdaq Futures Down 165 Pts; Rising Bond Yields Weigh
[2021-02-22 13:20:47] U.S. Crude Will Help to Set Global Brent Oil Benchmark From 2022
[2021-02-22 13:15:22] Analysis: Mortgage vendor IPO woes reflect U.S. housing market...
[2021-02-22 13:15:22] Oil producers eye long road to recovery as Texas begins to thaw
[2021-02-22 13:15:22] Roblox revives plans to go public
[2021-02-22 13:15:22] Discovery sees 12 million paid streaming subscribers by February-end
[2021-02-22 12:50:22] Brazil February industrial confidence falls for second month: FGV
[2021-02-22 12:20:21] ?We were wiped out.’ Merchants in historic Philadelphia market...
[2021-02-22 12:15:22] StockBeat: Reopening Hopes Give Wizz Air Wings
[2021-02-22 12:15:22] Analysis: For Black founders, venture funding remains elusive...
[2021-02-22 11:55:21] Google fires second AI ethics leader as dispute over research,...
[2021-02-22 11:50:21] Farmers fight back: Making animal feed from a locust plague
[2021-02-22 11:45:22] Exclusive: New York City tax agency subpoenaed in Trump criminal...
[2021-02-22 11:45:22] Nasal swab firm ships 15 million kits after Apple lends hand
[2021-02-22 11:30:23] EU looks to drones, space communication to get ahead in tech race
[2021-02-22 11:25:21] Michigan, Maryland governors to testify on new U.S....
[2021-02-22 11:25:21] Bitcoin slides 6% to below $55,000
[2021-02-22 11:10:21] Biden to revise small business loans to reach smaller, minority...
[2021-02-22 10:55:21] Exclusive: India to clear 45 investments from China, likely to...
[2021-02-22 10:30:22] German business morale rises thanks to robust industry
[2021-02-22 10:10:22] European Stocks Lower; Caution Amid Lockdown Worries
[2021-02-22 10:00:26] Saudi defence firm SAMI targets $5 billion annual revenue by 2030
[2021-02-22 09:40:22] European shares drop on inflation risk concerns; Lagarde speech eyed
[2021-02-22 09:40:22] EU should prepare additional sanctions on Russia, Germany says
[2021-02-22 09:40:22] English schools will reopen March 8, outdoor sport starts again...
[2021-02-22 09:15:25] Dollar Edges Higher; Powell Testimony in Focus
[2021-02-22 09:05:23] Alpha Bank to sell 10.8 billion euro portfolio to Davidson...
[2021-02-22 09:05:23] British Airways-owner IAG boosts liquidity by 2.45 billion pounds
[2021-02-22 08:40:21] Rio Tinto executives say goodbye to 2020 with chunky payouts
[2021-02-22 08:30:27] European Stock Futures Lower; Lockdowns and Vaccinations in Focus
[2021-02-22 08:30:27] XRP Jumps 20% In a Green Day
[2021-02-22 07:40:21] EU to decide on extending suspension of Stability Pact in coming weeks: official...
[2021-02-22 07:15:21] Cost of flood damage to U.S. homes will increase by 61% in 30 years
[2021-02-22 07:15:21] OPEC, U.S. oil firms expect subdued shale rebound even as crude...
[2021-02-22 06:30:22] Baidu-Geely EV venture names Mobike co-founder as chief
[2021-02-22 06:10:25] Gold Up Over Weaker Dollar, But Gains Capped by Higher Yields
[2021-02-22 05:20:22] Oil Up, With U.S. Production Slowly Coming Back After Texas Cold...
[2021-02-22 05:20:22] SoftBank Vision Fund set for new portfolio champion with Coupang...
[2021-02-22 04:50:30] Five things to look out for in HSBC strategy update
[2021-02-22 04:50:30] Goldman Sees Brent Oil at $75 as Supply Response Trails Demand
[2021-02-22 04:40:26] Asian Stocks Down, With Yield Worries Creeping In
[2021-02-22 03:45:21] Volkswagen and Audi to resume production in Mexico after gas...
[2021-02-22 03:35:25] Japan vaccine supplies to be limited, delaying shots for elderly:...