AMC Entertainment Holdings Inc said on Thursday it has reached a deal with some banks to sell up to 15 mln shares, seeking to raise fresh funding as the COVID-19 pandemic batters the world's largest movie theater operator.
FILE PHOTO: The box office of the AMC theatre is pictured during the outbreak of the coronavirus disease , in Burbank, California, U.S., June 30, 2020. REUTERS/Mario Anzuoni/File Photosaid on Thursday it has reached a deal with some banks to sell up to 15 mln shares, seeking to raise fresh funding as the COVID-19 pandemic batters the world's largest movie theater operator.
Walt Disney on Wednesday postponed the release of superhero movie “Black Widow” and Steven Spielberg’s “West Side Story” until 2021 in another setback to cinema operators. “Mulan” also skipped most theaters and went directly to Disney’s streaming platform., the world's second-biggest cinema operator, echoed AMC's concerns on Thursday, saying it might need to raise more money if theaters are shut again following fresh pandemic curbs.
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