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Tag: movie theaters

Positive COVID test stops production of ‘Mission: Impossible 7’

ITALY / CNN — Months after Tom Cruise was recorded scolding crew members who violated social distancing protocols, production of “Mission: Impossible 7” has been shut down because of a positive COVID-19 test. Paramount, which is producing the latest film in the Cruise franchise, did not say who on the production had tested positive. “We have temporarily halted production on Mission: Impossible 7 until June 14th, due to positive coronavirus test results during routine testing,” Paramount’s statement read. “We are following all safety protocols and will...

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AMC latest “meme” stock to hit a rally, jumping 17% after selling shares to investor

NEW YORK, N.Y. / CNBC — AMC Entertainment shares surged again on Tuesday when the theater chain sold more than 8 million shares to an investment firm, the latest in a series of capital raises for the struggling company turned ‘meme’ stock. The purchase by Mudrick Capital Management helped AMC raise $230.5 million. AMC officials said that they would be using the funds for potential acquisitions, updates to existing theaters, and deleveraging its balance sheet. Shares were up 17% in premarket trading. AMC was hit hard during the pandemic when their movie theaters shut in most...

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