AMC running out of cash.. They may not make it through January 2021..
Movie attendance at their theaters dropped 92% in 2020.
And while they were closed and blamed for the virus spread, the virus spread anyway when people stopped going to movies..
The COVID situation steadily increasing in seriousness, and Thanksgiving in full bloom. But there will be few movie theaters to watch anything in by the time the turkey is devoured by your family. 646 movie theaters in the U.S. closed down again virtually overnight this past weekend amid an alarming surge in COVID-19 cases, according … Read moreNo Thanks to give: Theaters get walloped across North America!
Regal Entertainment Group and AMC Entertainment Holdings Inc., the nation’s two largest movie theater chains, have received formal inquiries from the Justice Department’s Antitrust Division, signaling growing government scrutiny of a tactic large theater operators commonly use to keep movies out of competing locations. Is this really what Lynch’s Justice Department now has time for? … Read moreRegal Entertainment Group and AMC Entertainment Holdings Inc., the nation’s two largest movie theater chains, have received formal inquiries from the Justice Department’s Antitrust Division, signaling growing government scrutiny of a tactic large theater operators commonly use to keep movies out of competing locations.