Movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) said it has struck deals to reopen two of the highest-grossing movie theaters in the Los Angeles area.
What Happened: AMC Entertainment said it has reached long-term agreement terms with Caruso, a privately-held real estate company, to take over the leases of the 14-screen cinema at the Grove Theatre in Los Angeles and the 18-screen Americana at Brand Theatre located in Glendale.
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AMC expects to reopen the two formerly Pacific Theatres locations in August. The theatres have been closed for more than