AMC Entertainment said it may be out of cash by the end of the year if it doesn’t raise additional funds or if attendance doesn’t improve from current lows during the coronavirus pandemic
AMC Entertainment Holdings Inc. may be out of cash by the end of the year if it doesn’t raise additional funds or if attendance doesn’t improve from current lows during the coronavirus pandemic, the company said Tuesday.
The movie-theater operator has reopened 494 of its 598 U.S. theaters, but attendance is down about 85% on a same-theater basis from the equivalent period last year since reopening began, AMC said. At the company’s current cash-burn rate, reserves would be depleted by the end of this year or early next year,...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AMC Theatres Says Cash Resources to Be 'Largely Depleted' by End of 2020 or Early 2021AMC Theatres said that its 'existing cash resources' will be 'largely depleted by the end of 2020 or early 2021.' The movie theater giant added that it expects the 'required amounts of additional liquidity ... to be material.' More:
Read more »
AMC Entertainment Says Cash Will Be “Largely Depleted” By Year End; Exploring Assets Sales, Joint Ventures, Minority InvestmentsThings are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liq…
Read more »
AMC Theatres Says Cash Resources to Be 'Largely Depleted' by End of 2020 or Early 2021AMC Theatres said that its 'existing cash resources' will be 'largely depleted by the end of 2020 or early 2021.' The movie theater giant added that it expects the 'required amounts of additional liquidity ... to be material.' More:
Read more »
AMC Entertainment Says Cash Will Be “Largely Depleted” By Year End; Exploring Assets Sales, Joint Ventures, Minority InvestmentsThings are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liq…
Read more »
Susan Boyle wraps up warm as she enjoys outing in West End with her friendsSusan Boyle donned a huge fluffy coat to keep herself warm as she enjoyed an outing in central London on Monday. The singing sensation headed out to the West End with her pals
Read more »
Jonah Hill and Gianna Santos Break Up One Year After Engagement - E! OnlineIt's over for 22 Jump Street actor Jonah Hill and fiancée Gianna Santos, who have ended their engagement of one year.
Read more »