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Struggling Movie Chain AMC To Rent Theaters For $99

(CNN) — A crisp Benjamin Franklin can get you your own private AMC movie theater.

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AMC Theatres joins a handful of cinemas letting customers rent out auditoriums for private screenings — a growing trend due to the Covid-19 pandemic.

AMC allows rentals of up to 20 people. According to its website, rates start at $99, excluding tax, and increase to $349 depending on the movie, the theater’s location and any other add-ons like food and drink. AMC’s FAQ page lists renting a microphone to greet guests as an extra $100 charge, while more time to enter an auditorium, beyond the standard 15 minutes, will cost another $250.

It’s part of the theater chain’s effort to remain afloat this year as the Covid-19 pandemic contributes to record industry losses.

AMC’s revenues fell to $941.5 million, down roughly 22% compared with $1.2 billion in the same quarter last year, according

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AMC CEO Talks Movie Theater Reopening Plans: ‘Monumental Step Forward’

Liam Neeson’s latest action flick “Honest Thief” was the best performing film at the box office with a measly $3.7 million in ticket sales. By comparison, the best performing film on the same weekend last year was “Maleficent” and collected $36.9 million in ticket sales.





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AMC Reopening Plan: New York theaters outside of New York City will reopen on Oct. 23 and this represents a “monumental step forward,” AMC Entertainment Holdings Inc (NYSE: AMC) CEO Adam Aron said on CNBC. As such, the movie industry has a greater chance of seeing blockbuster releases over the next three, six, and nine months.

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“I think finally with New York open we can say our future is bright again,” the CEO said.

The company is also renting out theaters.

“AMC Theatres joins a handful of cinemas letting customers rent out auditoriums for private screenings,” according to CNN.

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AMC Is Selling Private Movie Showings At Some Theaters For $99

Movie theaters are struggling through the COVID-19 pandemic, and not even news that theaters will officially be open again in New York State can counteract the dearth of moviegoers and a wilted new movie release schedule. Regal Cinemas has already closed its theaters back down, and unless something major changes it seems moviegoers — and major box office smashes — will not return until there’s a coronavirus vaccine. But AMC is doing its best to fill theaters by letting some people live out their pre-coronavirus dreams of renting an entire theater out for yourself.

As CNN pointed out, the theater chain has started letting people reserve an entire screening for themselves starting at less than $100. AMC has a form on its website where you can narrow down what theaters are available, which showings you can snag and how much it will cost for up to 20 guests you know

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AMC Offers Private Movie Theater Rentals Starting at $99

AMC is making a bet some people are tired of watching movies on their couch, with the nation’s largest cinema chain now offering to let customers rent out entire theaters for as low as $99.

The “Private Movie Showing” program, as it’s been dubbed, allows up to 20 people to have a theater to themselves for a few hours. Customers can pick from a list of 34 movies, which includes older releases like “Jurassic Park” and new films like “The New Mutants” and Christopher Nolan’s “Tenant.” Older movies start at $99 (excluding tax), and new movies cost $149.

It can get pricier than that, though. Depending on the movie selection and theater location, AMC’s website said it can cost up to $349 to host a private movie party. On top of that, if you’re really looking to hold court, AMC will rent you a microphone to address your friends for

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AMC Networks partners with American Film Institute to create funds for Black students

AMC Networks is partnering with the American Film Institute (AFI) for a cause that will benefit Black students pursuing careers in production.

AFI, a nonprofit organization based in Los Angeles, Calif., announced that its partnership with AMC Networks will be titled the Black Production Fund. It will provide grants to Black students who are in their second year of education.

“At this pivotal moment in America’s history, the revolutionary power of visual storytelling to inspire change has never been more critical — and there is no better way to support underrepresented voices than to help fund the films they make to tell their own stories,” Susan Ruskin, dean of the AFI Conservatory and executive vice president of the American Film Institute, said in a statement.

AMC NETWORKS FILES FCC COMPLAINT AGAINST AT&T, THINKS MEDIA GIANT IS TOO

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