AMC Theatres to Sell Cinemas in Baltics for $77 Million to Bolster Liquidity

"We continue to be encouraged by attendance levels at theaters that have reopened in Europe, where essentially all theaters are open, and in the U.S., where almost 300 theaters are currently open for business," AMC CEO and president Adam Aron also says.

Up Invest, the owner of a Baltics cinema group, will acquire all nine venues for what AMC called"an attractive valuation." He added:"Growing consumer confidence in our cleaning and safety protocols continues to generate increased attendance and food and beverage spend, and we look forward to offering a full slate of new and entertaining film product to further drive attendance over the remainder of 2020."

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