AMC Theatres is officially taking over the shuttered ArcLight Cinemas movie theater at Westfield Montgomery Mall. The chain will revive the abandoned cineplex as AMC Montgomery 16. This will be a major shot in the arm for the mall, especially after Spider-Man: No Way Home proved that moviegoers will return to theaters when studios give them a reason to, despite the ongoing pandemic that caused ArcLight to permanently close its theaters nearly a year ago.
That's pretty big news. AMC has been flush with cash and I'm glad to see they're doing well. The CEO has really embraced being a meme stock with the Wallstreetbets crowd and they love him for it.
ReplyDeleteThat’s great news!
ReplyDeleteThe Memestonk Bubble has burst. AMC and Gamestonk are back to where they were a year ago. "Diamond Hands" are now hands holding bags.
ReplyDeleteDitto re Crapto. Biden Dollars are a much better investment.
Now they need to move forward with their massive renovation which has already been discussed which will happen on the Macy's/Sears side. Malls are dying but what's being proposed (think smaller Pike and Rose) may just be the answer.
ReplyDeleteMasks required = lackluster interest.
ReplyDeleteWhat city/state?
ReplyDeleteChevy, it's Bethesda, Maryland.
ReplyDelete