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AMC Warns it may Run Out of Money by the End of the Year

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Owing to the pandemic, many renowned businesses are pushed to shutdown. A new name surfing in the list is the AMC Entertainment Holdings Inc., which has said that it might soon run out of money. The world’s biggest theatre chain said that its liquidity would be depleted by the end of the year or early 2021.

In April 2020, the company’s share was reduced to the lowest. 

AMC is hobbled by the pandemic outbreak, which has discouraged some customers from coming and studios and banners from releasing blockbusters, which might attract them. The coming has announced a decline of 81 % in the moviegoers since September 14.

The company is looking for some liquidity sources to safely come out of the pandemic disruption, which includes the sale of assets and joint ventures but also has its concern that their efforts might fail or might fall short. 

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Diksha

Diksha Dutt is a coder, blogger, and teacher. Apart from blogging, she is an avid reader and a travel enthusiast. Thanks for stopping by and getting to know her.

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