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AMC, the world's largest theater chain, warns it could run out of cash by the end of this year without new movie releases

10 days ago   |   By Business Insider

Summary List Placement
The world's largest movie theater chain issued a dire warning on Tuesday.
AMC Entertainment, which operates nearly 600 theaters in the US and another 358 abroad through partnerships, says a lack of new movie releases and the ongoing closure of key markets like California and New York have left it bleeding cash and uncertain about when revenue might return to previous levels.
In more technical terms, "there is a significant risk that these potential sources of liquidity will not be realized or that they will be insufficient to generate the material amounts of...
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AMC, the world's largest cinema chain, could go bust by the end of the year

AMC, the world's largest cinema chain, could go bust by the end of the year

10 days ago   |   By NME

AMC Theatres have said the chain could go out of business by the end of the year.
The company, which is the world's largest cinema chain, has said financial resources would be “largely depleted” by the end of this year or by early 2021 because of the “reduced movie slate for the fourth quarter,” as well as “the absence of significant increases in attendance from current levels.”
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