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Cinemark Plans to Begin Reopening Locations July 1, 2020

Posted on Wednesday, April 15, 2020 4:55 PM and updated on Wednesday, April 15, 2020 10:31 PM


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Cinemark is planning to begin reopening its movie theaters on July 1, 2020, according to an article published recently by The Wrap:

Cinemark management have their fingers crossed that the cinema chain will be able to reopen its shuttered theaters by July 1.

During a call with investors on Wednesday, Cinemark CFO and chief operating officer Sean Gamble said they are planning to be able to ramp up operations by late June, bringing back employees and starting marketing, and reopening at the start of July.

“We’ve been modeling an approximate four month ramp up, anticipating a July 1 reopen. That falls fairly inline with how the studios have begun lining up their content,” Gamble said during the conference call that was streamed on the company’s website.

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There’s been much debate and concern that even after the novel coronavirus pandemic subsides, consumers aren’t going to be eager to flock back to theaters, concert venues, sporting events and other potentially crowded spaces.

“In our current modeling we are anticipating that a return to normalcy could take a couple of months to fully get going as a result of staggered theater openings from ongoing governmental limitations, reduced operating hours and potentially ongoing social distancing needs,” Gamble said.

Click the Read link below to view the full article.

The theater chain closed its more than 350 locations across the United States in March amid concerns about the coronavirus pandemic mounted and restrictions on crowd gatherings were being implemented.

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