An anonymous reader quotes a report from Variety: AMC Theatres, the world’s largest cinema chain, has raised $917 million in new equity and debt capital, the company said on Monday. “This increased liquidity should allow the company to make it through this dark coronavirus-impacted winter,” the company said, adding that its “financial runway has been extended deep into 2021.” AMC has…
Tag: amc theatres
After ‘No Time To Die’ Postponement, Hundreds of US and UK Movie Theatres Postpone Reopening
An anonymous reader quotes the Hollywood Reporter: Following the delay of more Hollywood tentpoles — including James Bond film No Time to Die — mega-movie theater chain Cineworld is planning to keep all of its locations in the U.K. and the U.S. closed for the time being, The Sunday Times reported on Saturday. The British-based company is the largest circuit in…
AMC Theatres Has ‘Substantial Doubt’ it Can Remain in Business
AMC Theatres, the world’s biggest movie theater chain, said on Wednesday that it has “substantial doubt” it can remain in business after closing locations across the globe during the coronavirus pandemic. From a report: The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter. The company also…