Brent Lang Executive Editor of Film and MediaAMC Entertainment reported a net loss of $4.6 billion in 2020, a shocking illustration of the toll that the coronavirus pandemic took on the world’s largest theater chain and the exhibition sector.
With many locations shuttered for months and Hollywood blockbusters largely sitting out 2020, revenues for the company fell 77.3% to $1.2 billion, down from $5.5 billion in 2019.For the most recent financial quarter, AMC Entertainment’s revenues fell 88% to $162.5 million, down from $1.4 billion in the year-ago period.
The company’s losses for the three-month period ending in December topped out at $946.1 million, down from a loss of $13.5 million in the year-ago period.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.