AMC Theatres Will Reportedly Run Out Of Money In 6 Months
A little over a month before it was set to hit theaters, No Time to Die became the latest major blockbuster to vacate the 2020 release calendar and flee to next year, with the 25th installment in the James Bond franchise delayed until April. At this rate, even if the industry manages to reopen...
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The theatrical business has been in the doldrums since March, although the international box office is faring a great deal better than it is domestically, as Christopher Nolan’s Tenet and China’s The Eight Hundred continue to post strong numbers overseas. The outlook is increasingly grim in North America, though, and AMC Theatres could be set to completely run out of capital in just six months, as per financial analysts S&P Global.
“Given our expectations for a high rate of cash burn, we believe the company will run out of liquidity within the next six months unless it is able to raise additional capital, which we view as unlikely, or attendance levels materially improve.”