Adam Aron, CEO of AMC Entertainment, said the nation’s largest cinema chain has raised $204 million of the at least $750 million needs to get to the other side of a global pandemic that has crippled moviegoing.AMC raised cash from stock and bonds sales in rounds in April, June, October and most recently in December as Covid-19 dragged on, Aron noted Tuesday in an interview with CNBC.But, “We’re not there yet… We are off to a very god start.
But we will need to raise more capital to make it to the other side,” he said.Asked about potential “strategic partnerships” if the funds don’t materialize, Aron said, “That’s not in the cards.
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