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,...
JBCP Maybe diversify?
SpatialNetworkz Ya WSJ... it’s the audiences fault.
Have not been in a theatre since The Last Jedi, main reason movie going is a major PITA, 30 on myself, drive 30 min away and wait 30min for movie to start. Ill just wait until I can see it VOD.
I believe that's called karma. Show up 5:45 for a 6 o'clock movie, movie doesn't start until 6:30 because you have to watch adds to watch a movie you paid to see.
If we can delay the death of just one 90-year-old terminally ill nursing home patient, it will all be worth it. Life is priceless.
I’m surprised Jeff Bezos hasn’t bought them out. Update the theatres w/reclining seats, put them in groups of 2 with space between. Have actual food options. Make it an experience.
file chapter 13, thats what its for
Don’t lose hope, people love the theaters, movies, need breaks to escape. There is a way! Do it with care for the people
Maybe all that Hollywood money can bail them out. Just a suggestion.
Y'all should really cut ur prices a little. I'm not gonna drop 100$/ 5 ppl on my fam to go sit in a theater this year. It tickets were more like 8 to 10/person,maybe
a lot us will be broke by years end without some kind of bailouts nothing is coming back to normal and unemployment is running out
👍🏼
Sounds they mismanaged all the money they have schemed from families for $20 popcorn and $5 bottles of water. If you charge those prices for decades and then run out of money thats on them and i have no sympathy
Burisma job, China loans, affair with brothers widow, $129k Porsche, Arkansas love child, drug addict, dishonorable discharge from the Navy.....wow, Russian intelligence has been busy.
They should turn their parking lots into drive ins. Then maybe they could hobble thru until there’s a vaccine or treatment.
AMCTheatres why doesn’t amc come up with a new model for their theaters? There needs to be some innovation there anyway besides a dark room and a recliner.. think man! Think!
I don’t know how these MAGA morons think their garbage science “herd immunity” is going to improve the economy when the majority won’t participate in genocide. IT’S NOT A REAL PLAN.
Not the time to buy AMC stock
Disheartening...
I’m not going to wear a face mask to a movie theater rather just not go at all 🤷♂️
Movie theaters have been a kind of empty before the pandemics anyways. It was a matter of time. Too many options on streaming services and good deals is huge TVs.
Pandemic simply accelerated decline
Fantastic!
Another one bites the dust. But hard to compete with my couch and tv. And no lines to stand in. Theaters were to expensive any how. Better at home.
The Covid Killed Hollywood
This is a one of the divisive arguments among voters. Im not a trump fan, but have to say at least he’s got a plan. Arguing who did what and who didn’t isn’t going to turn back time, nor will it delay further economic collapse.
And in other part of the world: there is a war amid pandemic provoked by Azerbaijan and supported by Turkey on the border with Nagorno Karabakh that lasts already more than 2 weeks. Speak up. StopAliyev StopErdogan StopAttackingCivilians StopAzeriLies NKpeace
So sad... people living in fear with no knew movies to see. Hope these major studios know they are taking money out of their pockets
So sad. Let me enjoy a movie breathing freely with snacks and a drink and I'll be there!
$11B in debt, -$170M in levered FCF, $600M in cash. I think they’re good.
Noooo
Crazy how they aren’t adjusting to the current times. They are refusing to change and are getting left behind. Shame folks lost and will lose their jobs behind their stubbornness.
There is a pretty simple fix...
Here in NY we have a Plaza owner suing the state to allow Regal to reopen. There is zero reason for these lockdowns to continue.
Theater chains need to get some backbone and be active against left wing tyrant legislators, destroying industries and average peoples lives $CNK $AMC
AMC only hope is Donald J. Trump
Bummer, looks like Hollywood & their partners will start to feel the pain every day Americans have lived through due to lockdowns.
What did they do with all that crazy popcorn money they raked in?
'ENTERTAINMENT SECTOR' IS HIGHLY EFFECTED. THINK ALTERNATIVELY LESS EXPENSIVE, MORE ATTRACTIVE PROGRAMS TO REACH MANY VIEWERS. PEOPLE PRIORITIES CHANGED DUE TO PANDEMIC SITUATION. PEOPLE WILL SPEND ONLY FOR NECESSITIES, SELECTIVELY FOR COMFORTS AND LESS FOR LUXURY, ENTERTAINMENT.
Drive-in movie theaters?
Hollywood can bail them out.
Been too many killings in theaters anyway. No telling with the climate what could happened
Maybe an American owned company can take their spot after COVID.
Didn't Chinese corporation Wanda Group buy majority stake in AMC? If so, this explains why the USG isn't assisting AMC from brink of collapse. Uncle Sam is draining Wanda on purpose as a form of political retaliation.
Just think if they do hang on and make it to show shit movies coming out of Pedophiliawood, a box of candy is going to be like, $8.50 and a large soda about $11.50. Can’t wait! They’re victims of their own voting record!
movies suck anyway. read books and make love
You can thank the Democratics and china for that!!!
Stream the movies directly to homes.
You mean to tell me they didn't save any of that popcorn and candy money they've been overcharging us for all these years? Well, shame on them cause they've been upcharging us times 10 on the buttery stuff and frosty drinks.
Charge less for popcorn and soda.
but airplanes and football stadiums (Miami) can be at full capacity. Got it
nice