The fates of AMC Theaters and Christopher Nolan’s Tenet are inextricably linked, and it’s all coming to a head next month. The theater chain’s financial woes are well-documented at this point, with many seeing the Warner Bros. release as a potential lifeline, not only for them but the entire industry. By the same token, what’s the point of releasing Nolan’s pricey blockbuster if the largest venues in the world are closed? Well, according to AMC CEO Adam Aron, that should no longer be a concern.
On a recent earnings call (via THR), Aron says AMC Theaters will be “fully open globally in July.” That timing is perfect for Tenet, which is set to open on July 17th, making it among the first major studio films of the summer. AMC has been teetering on the brink of financial ruin for a long time, and recently expressed concern they might not be able to pull out of it. Suffering a $2.17B quarterly loss due to the COVID-19 outbreak, as revealed during the call, only made an already-terrible situation far worse.
This is a bit of bright news, though, that AMC will at least be able to give themselves a fair shot. Of course, nothing is certain at this point. But with Cinemark and Regal likely to follow a similar schedule, it does look as if Tenet will be available everywhere for those who want to venture out and see it.
