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AMC to reopen Northern California theaters on Friday

AMC is set to reopen the doors to its Northern California theaters on Friday as the coronavirus pandemic continues. Yahoo Finance's Sibile Marcellus joins Kristin Myers to discuss.

Video Transcript

KRISTIN MYERS: Specifically AMC, that stock right now is down about 1 percentage point. They are set to reopen movie theaters in northern California. So for more on this, we're joined now by Yahoo Finance's Sibile Marcellus. Hey, Sibile.

SIBILE MARCELLUS: Just a week ago, AMC was warning investors that if it didn't get additional liquidity, it was going to have to file for bankruptcy. So this is a little bit more positive news for AMC investors. We're seeing the stock is down 62% year to date. But what AMC is announcing is that they're going to be reopening some movie theaters in northern California. We're talking San Francisco and the greater Bay Area.

Now the hope for AMC is that by the end of October, they will have about 540 of their movie theaters open out of 600. Now AMC, of course, is emphasizing the safety precautions that they're doing for people to go to the movie theater, such as cleaning-- enhanced cleaning procedures, nightly disinfecting, high tech vacuums, upgraded air filtration, and also requiring people to wear masks.

Now so many blockbusters have been pushed back, so what can you actually see if you go to AMC's movie theaters? Well, it turns out there are still a couple movies out there that you can see, including "Tenet," "Honest Thief," "The War With Grandpa."