AMC Stock Climbs After NYC Says Movie Theaters Can Reopen

AMC Stock Climbs After NYC Says Movie Theaters Can Reopen

Stocks for movie theaters saw a surge this week after Gov. Andrew Cuomo (D-NY) said that certain chains in New York City can reopen if they follow Covid-19 safety restrictions.

As reported by The Hollywood Reporter on Monday, movie theaters in New York City will be permitted to open on March 5. The city is the United States’ second largest moviegoing market behind Los Angeles and is reportedly an essential part to studios recuperating from the financial hit of the pandemic.

Cuomo announced the decision during a press event on Monday after reportedly receiving criticism for not allowing movie theaters to reopen while bars and gyms were given the green light as pandemic numbers started to go down.

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AMC CEO Adam Aron said in a statement that all 13 of its New York City locations will be opening on March 5, including AMC Empire 25, the largest cinema in the country.

“Governor Cuomo’s announcement that movie theaters can reopen

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