Texas says movie theaters can reopen Friday. Not so fast, say Texas theaters [Los Angeles Times (CA)]
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK)
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Source: Los Angeles Times
Texas Gov. Greg Abbott on Monday said that movie theaters would be able to open as soon as this weekend, as the state looks to gradually ease restrictions meant to slow the spread of the novel coronavirus. But one of the state’s major theater companies, Alamo Drafthouse , had a clear message to patrons: “We will not be opening this weekend.” The Austin-based chain, which operates about 40 locations in multiple states, said the company needs more time to create new procedures and retrain employees to keep them and guests safe. That means the company won’t be opening anytime soon, despite the governor’s permission for certain businesses to resume as long as they maintain 25% capacity. “Opening safely is a very complex project that involves countless new procedures and equipment, all of which require extensive training,” the company said in a statement provided by a spokesman. “This is something we cannot and will not do casually or quickly.” Founded by Tim and Karrie League in 1997, the
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CNK
Earnings
- 5/2/24 - Beat
CNK
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 8-K
- 4/9/24 - Form DEFA14A
- CNK's page on the SEC website