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AMC Entertainment says bankruptcy is off the table after raising more than $900 million since December KEY POINTS Since Dec. 14, AMC has raised $917 million of new equity and debt capital. “This means that any talk of an imminent bankruptcy for AMC is completely off the table,” said CEO Adam Aron. The cinema chain has secured enough financing to remain open and operational deep into 2021. Noam Galai | Getty Images Entertainment | Getty Images Shar
Karlston posted a topic in Entertainment ExchangeAMC warns it’ll run out of cash in January, calls out Warner Bros.’ shift to HBO Max Unable to predict with ‘certainty the impact of the Warner Bros. announcement’ AMC Theatres is warning its investors that if it doesn’t find $750 million, it will run out of cash by the middle of January 2021. The company issued new public documents today announcing that because executives can’t predict what the supply of movies will be like, and it’s unclear if people will even file into theaters again soon, th
Karlston posted a topic in Entertainment ExchangeAMC’s revenue plummets by more than 90 percent as theaters remain empty Things aren’t getting better anytime soon Roy Rochlin/Getty Images AMC Entertainment didn’t try to hide the immense financial duress the company has faced the last several months and the increasingly uncertain future that lies ahead if AMC can’t find new ways to make cash. The company posted a revenue of $119.5 million in its third quarter, down 91 percent year over year. The same quarter last year brought in more than