>S&P Global said the world’s largest exhibitor AMC Entertainment risks running out of cash by mid-summer and the ratings agency doesn’t think movie theaters will reopen in June – a prediction AMC CEO Adam Aron made on CNBC this week.
>Even after significantly lowering its fixed costs and capital spending requirements – AMC Entertainment has furloughed its entire staff from the CEO on down – “We only expect the company’s liquidity sources to last through mid-summer,” S&P said. The company will likely pursue incremental financing through the CARES act – approved by lawmakers and President Trump last week – or its lenders, “but it is unclear when or if it will be able to secure additional liquidity.”
>the biggest theater company in the world about to go bankrupt >Yas Forums doesn't even care
Lucas White
Two month shutdown and they're bankrupt. They must have been a shitty company. There'll be other places to watch the latest capeshit. Hollywood isn't worth crying over in it's current state.
Brandon Hernandez
This. And its happening with a lot of companies. Seems majority of American buisness were being carried by day to day operations.
Xavier Brown
That's what they get for running a Disney Star Wars marathon.
Kayden Sullivan
Get ready to bail out Hollywood, taxpayers.
Austin Hughes
fuck em, I haven't been to a theater since 2014
Dominic Stewart
I haven't been in a movie theater since 1996 user. Movies are much more enjoyable in my living room.
Ethan Morgan
Abolish all commerce to stay healthy Trump said it! I believe it! And that settles it!
Mason Jones
Socialism for the rich, rugged individualism for the poor. Yas Forums will defend this.
