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New York Movie Theaters Outside of NYC Can Open at 25%

Signage outside a store in Glendale requiring masks

David McNew / Getty Images

New York Governor Andrew Cuomo on Saturday, within the first easing of COVID-19 restrictions in weeks, stated film theaters outdoors of New York City can begin reopening on Oct. 23.

Theaters in the remainder of the state shall be allowed to open at 25% capability, Cuomo stated, with a most of 50 individuals per screening room. “There will be mandatory social distancing and other precautions,” Cuomo tweeted.

Only film theaters in counties with COVID-19 positivity charges beneath 2% throughout a 14-day common shall be allowed to open, NBC four in New York City reported. Precautions will embody obligatory mask-wearing and assigned seating.

The firm sounded the alarm in a Tuesday submitting to the Securities and Exchange Commission, pointing to low attendance figures for theaters which have managed to reopen amid the pandemic and the drought of main Hollywood movies to lure moviegoers into its venues.

Without a significant uptick in attendance or an injection of latest funding, the corporate stated, “existing cash resources would be largely depleted by the end of 2020 or early 2021. … to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels. The required amounts of additional liquidity are expected to be material.”

The announcement comes as many prime theater chains are struggling to remain in enterprise. Earlier this week, AMC, the biggest movie show exhibitor within the nation, stated it’s on monitor to expire of money by early 2021 and are actually renting out whole theaters to moviegoers in chosen areas.

AMC isn’t the one cinema firm feeling the ache. Cineworld, the dad or mum firm of Regal Cinemas, introduced on Oct. 5 the “temporary suspension” of operations at greater than 600 theaters within the U.S. and the U.Ok.

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