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AMC entertainment

Only VIPs to attend as Saudi Arabia launches first new cinema

RIYADH: Saudi Arabia is launching its first commercial movie theatre on Wednesday as it ends a nearly 40-year ban on cinemas under a push by the crown prince. But ordinary Saudis must hold out a few more weeks before they can catch a film. Attendance to private screenings this month in Riyadh is by invitation only, with a public opening to follow in May, according to operator AMC Entertainment Holdings. Senior government officials, foreign dignitaries and select industry figures are expected to watch Marvel’s superhero…

AMC Entertainment signs deal to operate movie theatres in Saudi Arabia

NEW YORK: Giant US cinema chain AMC Entertainment has signed a deal to build and operate movie theatres in Saudi Arabia after the kingdom lifted a decades-old ban. The deal, announced by AMC in a statement and confirmed by Saudi state media on Tuesday, will see the company form a joint venture with Saudi Arabia's vast Public Investment Fund. No further details of the deal, including its financial conditions, were disclosed. AMC said it hoped to "put the industry's best foot forward" in Saudi Arabia as the country…