• AMC could run out of money by the end of the year

    16 days ago - By Fortune

    AMC Entertainment Holdings Inc. said it may soon run out of cash amid fresh signs that the pandemic is pushing cinema operators close to default.
    The world's biggest theater chain said in a filing Tuesday that liquidity will be largely depleted by the end of this year or early next year if attendance doesn't pick up, and it's exploring actions that include asset sales and joint ventures. AMC's shares sunk to the lowest since April.
    “Bankruptcy is an almost foregone conclusion,” CreditSights analyst Matt Zloto said in an interview. “The writing is on the wall.”
    A representative for AMC...
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  • AMC tanks 11% after warning it could run out of cash in a matter of months

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

    16 days ago - By Business Insider

    Summary List Placement
    AMC stock slid as much as 11% after the company said in an SEC filing it could run out of cash by the end of 2020 or early 2021 .
    The theater industry has been slammed by weakened demand, delays to major releases, and still-heightened coronavirus case counts.
    AMC continues to explore funding options ranging from debt and stock sales to joint ventures with business partners, according to the filing.
    Watch AMC trade live here .
    AMC 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...
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  • AMC tanks 11% after warning it could run out of cash in a matter of months

    16 days ago - By Business Insider

    Noam Galai/Getty Images
    AMC stock slid as much as 11% after the company said in an SEC filing it could run out of cash by the end of 2020 or early 2021. The theater industry has been slammed by weakened demand, delays to major releases, and still-heightened coronavirus case counts. AMC continues to explore funding options ranging from debt and stock sales to joint ventures with business partners, according to the filing. Watch AMC trade live here. AMC 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...
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