AMC Wants to Keep NYC's Kips Bay 15 Open but Says Decision Isn't Its
· Entertainment · United States
AMC Theatres CEO Adam Aron has issued an open letter to New York City residents saying the company wants to keep operating its long-running Kips Bay 15 multiplex in Manhattan, but conceding that the decision is "not ours to make." The letter also gave a scheduled closing date for the cinema. Neighbours of the Kips Bay-Murray Hill section have been engaged in the fight over the site's future. The episode highlights the pressure on urban multiplexes, where a single lease or property decision can remove a large block of screens from a market. AMC is the world's largest exhibitor, so the fate of a flagship Manhattan location carries weight beyond one neighbourhood.
Why it matters:Lease and real-estate decisions, not just ticket sales, increasingly determine which cinemas survive in dense cities, so the loss of a large Manhattan multiplex would signal how fragile urban exhibition capacity remains.
Key points
- AMC CEO Adam Aron wrote an open letter to New York City residents.
- Aron said keeping Kips Bay 15 open is "not ours to make" and gave a closing date.
- The site's future had drawn attention from neighbourhood residents.
Sources (original reporting)
More stories from this day
- Tarantino Shows First 17 Minutes of 'Cliff Booth' at AFI Fest
- Chris Harrison Says Warner Bros.' Legal Action Over 'The Vow' Feels 'Personal'
- Credit markets spooked by 'total meltdown' in riskiest debt; metals traders post record profits
- US taps emergency oil reserve as prices top $117
- Amgen's Imdelltra-Imfinzi combo cuts death risk 58% in lung cancer trial
- NASA adopts Apollo-style urgency for moon base and crewed landing within two years