AMC Theatres has 'substantial doubt' it can remain in business

New York AMC Theatres, the world's biggest movie theater chain, said on Wednesday that it has"substantial doubt" it can remain in business after closing locations across the globe during the coronavirus pandemic.

The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter. The company also said that its revenue fell to $941.5 million, which was down roughly 22% from $1.2 billion in the same quarter last year. This quarter, the situation has gotten substantially worse."We are generating effectively no revenue," the company said in a regulatory filing Wednesday.

Oh fuck they're gonna have to charge $40 for popcorn now

Why don't the Hollywood elite bail them out...they're having no issue profiting from this revenue source?

That's because they want $51.50 for a small popcorn.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

AMC Entertainment Sees Massive Q1 Losses Of Up To $2.4B On Writedowns In Preliminary Earnings ReportGiant exhib AMC Entertainment said it expects to report ballooning losses of between $2.1 and $2.4 billion for the first quarter ended in March on one-time charges compared with losses of $130 mill…
Источник: DEADLINE - 🏆 109. / 63 Прочитайте больше »

After a rush for more small business funding, PPP loan money remains untappedMore than a month into round two of the Paycheck Protection Program, there's more than $120 billion still left unallocated for small businesses. Better to allocate and not spend it. Watch Democrats try to take it and hand to corrupt, poorly-run, blue-state governments, pay for abortions, and leftist media. “Mr Wonderful”: Buy $GLD If you’re looking to invest in forex,bitcoin investments and make more money I would recommend Mrs Lisa to you ,I was really amazed when I got my first profit in 7 days of trading I can’t stop spreading the good news thank you ma’am...you can reach her on WhatsApp on +12132243837
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »