AMC tanks 11% after warning it could run out of cash in a matter of months - Business Insider

tumbled as much as 11% on Tuesday after the company warned investors it might exhaust its cash reserves before the year is out.

The US's largest theater chain cited delayed releases and weak demand as new threats facing the already slammed industry. AMC has resumed partial operations at 494 of its 598 US theaters as of Friday, but its most successful locations remain closed. Unless audience attendance trends higher or a new source of liquidity emerges, the company is likely to exhaust its cash supply by the end of 2020 or early 2021, AMC said in a Securities and Exchange CommissionA fund manager beating 90% of his rivals told us why he actively avoids companies with giant profit margins — and shares 5 stocks he thinks will keep winning for yearsAfter delays to releases including "No Time To Die" and "Dune," only four major titles are set to be...

The chain's July deal with Universal could yield a last-minute lifeline. The agreement allows Universal to show a new movie for just 17 days before being able to release it on demand. AMC gets a cut of the online sales. With Universal's "Croods" set to debut on Thanksgiving, an on-demand release could bring AMC much-needed cash before the new year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore Airlines fine-dining restaurant inside aircraft sells out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. why?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Theater Chain AMC Says It Could Run Out of Cash by Year EndAMC Entertainment Holdings 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. nice but airplanes and football stadiums (Miami) can be at full capacity. Got it Charge less for popcorn and soda.
Source: WSJ - 🏆 98. / 63 Read more »

The Zebra expects $100 million annual run rate by the end of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

About 4 times as many women than men reported they were unemployed last month - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you have the worst Policy Error ever aka the Shutdown you have all sorts of collateral damage 🙃
Source: BusinessInsider - 🏆 729. / 51 Read more »