AMC Entertainment Holdings Inc. said its ability to stay in business is in jeopardy if it can’t raise enough cash to fund operations during the prolonged closure of its theaters due to the coronavirus pandemic.
AMC said in a regulatory filing on Wednesday that its cash balance as of April 30 was $718.3 million, enough to fund its expected resumption of operations in the summer or later. But it warned its liquidity would depend on when its operations can fully resume, as well as the timing of movie releases and its ability...
Global cinemas are under dog’s life. The grim market of film and television is sweeping the world.
Another business without a ‘rainy day fund’ Go figure!
Maybe some outdoor projectors people can park in the parking lot, like a drive-in.
How about they open their doors people will go.
Another one bites the dust. Bye. Shouldn’t be in business if you can’t save enough cash reserves to last two months. Especially when overhead is decreased.
What about a streaming service for movie theater movies? It’s not the same, I know, but it might help bring in revenue.
Obviously the “PlanDEMic”, looting and rioting is working.
Democrats want to kill all business and put us all on the dole
I thought the pandemic was over, now that everyone’s is allowed to go out and protest?
ribbit some companies are meant to go out of business ribbit
Get creative or hire people who can adapt.
Was going to happen at some point anyway
RIP $20 small popcorn
They should sue China.
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