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Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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AMC Entertainment Warns Cash May Be Gone In January, Slams Warner Bros.
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deadline.comStruggling AMC Entertainment said it risks running out funds in January.In its latest warning cry, it said it needs $750 million “to remain viable” through 2021.
Even if it raises that, it still risks bankruptcy next year if moviegoing doesn’t pick up — and Warner Bros. may have made that harder to accomplish.In an SEC filing, the nation’s biggest exhibitor also announced a stopgap $100 million debt sale to Mudrick Capital Management (at an annual interest rate of 15%).
Mudrick will exchange its notes for about 13.7 million AMC shares. AMC has also announced several stock sales recently and said it is negotiating with landlords, creditors and potential joint venture partners on ways to make it through the pandemic.It’s also in discussions
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