AMC Set to Open First Movie Theater in Saudi Arabia

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AMC Entertainment Holdings Inc. will open its first movie theater in Saudi Arabia in two weeks, bringing the first new cinema to a country that lifted a 35-year ban on them only five months ago.

The world’s largest exhibitor said Wednesday it had finalized an agreement with the Public Investment Fund of Saudi Arabia to open up to 40 cinemas in 15 cities across the country within five years and up to 100 by 2030. The first location, a symphony concert hall in Riyadh being converted into a four-screen theater, will open on…



Source link: https://www.wsj.com/articles/amc-set-to-open-first-movie-theater-in-saudi-arabia-1522864363?mod=pls_whats_news_us_business_f

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