AMC Theatres looked likely to file for bankruptcy last week, a grim but impending reality that was only exacerbated by the coronavirus pandemic causing the entire movie business to shut down.
The possibility of a bankruptcy reorganization doesn’t mean that AMC’s 634 locations in the U.S. and Canada — and more than 1,000 venues worldwide — will be closing their doors for good.
In fact, there are real questions about whether or not AMC can, in effect, afford to go bankrupt in this climate. Wall Street analysts recently downgraded the company’s stock from “neutral” to “sell,” signaling that the value of the nation’s largest theater chain is expected to diminish in coming months as there’s no clear path forward for multiplexes desperate to
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