“There are a lot of uncertainties still out there,” said Eric Wold, a senior analyst with B. Riley FBR. “We don’t know when theaters will be allowed to reopen. On top of that, [AMC] doesn’t have a lot of liquidity options at hand that wouldn’t be detrimental to investors.”...
Chapter 11 bankruptcy would likely allow AMC to stay in business while it reworks its debts and sorts out new lines of liquidity. Movie theater chains in the U.S. have been slammed by the ongoing coronavirus pandemic, which first shuttered theaters and then drove away customers and major Holly...
AMC and Cineworld hoped movie-goers would return to theaters en masse once a majority of the pandemic restrictions were lifted, but patrons haven't filled seats in the volumes companies wanted. A Maysurveyfrom Morning Consultfound that many Americans continue to avoid theaters because of ongoing ...
Experts have said theyexpect AMC to file for bankruptcy, sell debt or equity, or even sell off assets. Earlier this monththe DailyMail reportedthat Amazon has had conversations with AMC about buying the beleaguered cinema chain, which includes Odeon theaters in the U.K. Amazon declined to comm...
Netflix paved the way for countless other entertainment streaming services to follow. The partnership with Zoom is the latest move made by AMC following the global pandemic. AMC's retail investors helped rescue the company from possible bankruptcy when COVID-19 restrictions forced movie theaters to...
movies will no longer be screened at AMC Theaters effective immediately. Granted, that threat will have to wait until the AMC reopens its theaters,which will hopefully be in June or July, but the fact remains that AMC is pissed. Like, biblical rage pissed. But let’s back up for a bit...
AMC is the world’s largest chain ofmovie theatersbut has struggled to regain its financial footing after the COVID pandemic, which brought with it restrictions that, for a time, limited in-person audiences at theaters. While those restrictions have largely been lifted, the onset of inflation ...