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Coronavirus Covid-19 2020

AMC Theatres Says It Will Be Out of Cash by Early 2021

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thewrap.com
thewrap.comthewrap.com:

“Given the reduced movie slate for the fourth quarter, in the absence of significant increases in attendance from current levels or incremental sources of liquidity, at the existing cash burn rate, the Company anticipates that existing cash resources would be largely depleted by the end of 2020 or early 2021.

Thereafter, to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels.

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