AMC Theatres has ‘substantial doubt’ it can remain in business
4 years, 7 months ago

AMC Theatres has ‘substantial doubt’ it can remain in business

CNN  

New York CNN Business — 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. “Even if governmental operating restrictions are lifted in certain jurisdictions, distributors may delay the release of new films until such time that operating restrictions are eased more broadly domestically and internationally, which may further limit our operations,” the company said. Movie theaters large and small were closed because of the outbreak and some of the year’s biggest films — “Mulan,” “Wonder Woman 1984” and “F9” — were delayed. Universal’s decision to release “Trolls” on demand caused a feud between the studio and AMC leading to the chain to ban Universal’s films from its theaters.

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