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The figure reflects a 91% quarterly revenue decrease for the movie theater chain. The losses occurred despite the company's attempt to reopen theaters with a 20-40% restricted seating capacity.
One hundred AMC Theater locations have begun offering 15 cent tickets for hit films in an attempt to lure customers. Food won't be sold, and guests will be required to wear masks at all times.
The deal is currently only in effect in the United States, but discussions and international distribution agreements will take place for Europe and the Middle East in upcoming weeks. The financial terms of the deal were not disclosed.