tiptrot.com June 20, 2018

AMC plans theaters for Saudi Arabia

06 April 2018, 03:21 | Mandy Simon

AMC to open first cinema in Saudi Arabia in two weeks

AMC Theaters Back On Movie Pass App

Director Ryan Coogler's blockbuster will become the first film screened in Saudi Arabia theaters following the end of a 35-year ban on commercial cinemas.

The opening, set for April 18 in a new AMC-branded movie theater in Riyadh, marks another aspect of Crown Prince Mohammed bin Salman's efforts to modernize and transform Saudi society and relax its famously prohibitive religious rules.

Black Panther will show for five days followed by Avengers: Infinity War on April 26.

Movie theatres will not be segregated by gender, according to reports.

Saudi Arabia's highest-ranking cleric warned in January, 2017 of the "depravity" of cinemas, saying they would corrupt morals.

AMC is expected to open 30 to 40 cinemas in 15 cities over the next five years. He is now touring the United States seeking investments to help broaden the economy and lessen its dependence on oil.

Entertainment has been granted the first licence to operate cinemas, with Saudi state media saying the USA giant is expected to open 40 cinemas across 15 Saudi cities over the next five years.

Global theater chain AMC announced this week it has received the first cinema license for Saudi Arabia since movie theaters were banned in the 1980s. Despite the cinema ban, Hollywood films and recent television series are widely watched at home and discussed. The venue seats 600 across orchestra and balcony levels, and comes with marble bathrooms.

Saudi Arabia will soon welcome Black Panther.

AMC (NYSE:AMC), the biggest movie theatre chain in the world, has won over the House of Saud, which is granting the group the first license to operate movie theatres in Saudi Arabia.

Three more screens will be added by mid-year. The Public Investment Fund is poised to take a US$400 million stake in the Hollywood talent agency Endeavor as part of plans to diversify the kingdom's oil-based economy.

Global theatre chains have long eyed the kingdom as the Middle East's last untapped mass market of more than 30 million people, the majority of whom are under 25.

Besides cinema openings, Cirque du Soleil will come to Riyadh this year and the city of Jeddah hosted the kingdom's first-ever Comi-Con in February, he said.

Other News


Trending Now

Michigan Beats Loyola-Chicago to Advance to National Championship
Loyola, the best shooting team in the NCAA Tournament, has had a different leading scorer throughout its run to the Final Four. Allen is the most prolific 3-point shooter in National Basketball Association history and a two-time league champion.

Tánaiste criticises Salisbury attack as Russian diplomat expelled
Sinn Féin leader Mary Lou McDonald asked for a briefing and said that parties had to "see the evidence underpinning the decision". European Union leaders agreed unanimously last week it was highly likely Russian Federation was behind the nerve-agent poisoning.

Rival Koreas begin high-level talks meant to set up summit
He called for officials from both countries to do their best to "perfectly secure the historic meeting between the leaders". At the meeting in Beijing, the North Korean leader repeated his offer to denuclearise the Korean Peninsula.

Special counsel: Manafort, Gates worked with Russian intelligence agent
The Russian government has denied meddling in the 2016 election, and Trump has denied any collusion by his campaign. The lawsuit claims that Kilimnik graduated from the Military Institute of the Defense Ministry in Moscow.

We are not in trade war with China
Regulators have wide discretion to withhold licenses or take other action to disrupt logistics and other service businesses. Technology transfer between enterprises is voluntary based on mutual agreements without government intervention, he said.

Huawei won't give up on the USA market, despite 'groundless suspicions'
Huawei set up a Cloud Business Unit in 2017, which launched 99 cloud services across 14 major categories, and over 50 solutions. Huawei's smartphone division-Honor included-recorded an impressive US$36.4 billion in revenue, a 31.9% year-on-year growth.

Ethan Couch: 'Affluenza' teen released from jail
Couch's attorneys, Scott Brown and Reagan Wynn, issued a statement Monday saying Couch has always been sorry for what he did. Now that Couch has served his time, he'll have the chance to complete his probation.

State joins others to sue USA over census question
Yet despite these findings, the Trump administration is going forward with asking individuals if they're a USA citizen or not. Adding a citizenship question would undermine participation and accuracy", Miller said in a statement Tuesday.

Amazon shares pare some gains as Trump attacks company again
Mr Trump's comments were based on suspicions that Amazon is unfairly benefiting from favourable rates from the postal service. The Washington Post's coverage of Trump's campaign and presidency has been overwhelmingly negative.

Everything you need to know about the Saudi-SoftBank solar power project
Son called the solar project the world's biggest. "You have never seen something of this scale", he is reported as saying. The venture also plans to build centers for research and development and education and training, he said.