tradingigbtc

AMC Says May Run Out of Cash by Year-End as Pandemic Takes Toll

AMC Entertainment  (AMC) – Get Report, the country’s largest movie theater chain, said in a regulatory filing Tuesday that it may run out of cash by the end of the year.

Movie theaters have been hammered by the coronavirus pandemic, as theaters had to close for months and moviegoers have been hesitant to return. In addition, production companies have delayed film releases or shifted them to streaming platforms.

Regal Cinemas, the second largest theater chain in the country, announced last week that it was temporarily closing all its theaters.

Source Article