Tag: AMC Theater
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AMC Theaters Needs $750 million “To Remain Viable” in The New Year
AMC is drowning in a pool of debt after a tumultuous year. The theater chain who previously stated it will run out of cash by the end of this year now says it needs to raise $750 million “to remain viable” through 2021. AMC has filed with the SEC to sell up to 200 million shares as…
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AMC is Selling Off 200M Shares in an Effort to Survive
The Covid-19 pandemic has landed AMC Entertainment in some deep water. The theater chain has been hit hard by the lack of business and having to shut down its locations during lockdowns. Now, AMC has filed with the SEC to sell up to 200 million shares as a way to liquefy some assets into cash.…
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AMC is Selling 15 Cent Tickets for its 100th Anniversary and Reopening
AMC Entertainment is celebrating 100 years this month by offering admission for the same price of a ticket when the theater first opened back in 1920. All tickets will cost just 15 cents on August 20 when 100 locations reopen. The movie theater chain started out from humble beginnings with its first movie house in…
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AMC Theatres, Universal Agree to 17-Day Theatrical Release Window
In a surprise move, AMC Theatres has agreed to a deal with NBCUniversal that allows the movie studio to make its films available on premium video on-demand (PVOD) services just 17 days after the movie premieres in theaters. The deal marks the latest twist in a monthslong dispute between the two companies, during which AMC…
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Mulan, Tenet Premieres Continue to Shift as Studios, Theater Chains Adjust Reopening Plans
Image source: Walt Disney Studios Movie studios and major theater chains continue to adjust their summer plans amidst the ongoing coronavirus pandemic. Expected blockbusters like Mulan and Tenet have been pushed back multiple times and chains like AMC have delayed wide reopening plans as multiple states continue to implement and adjust phased reopenings around the…
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AMC is Sticking to Its Decision to Boycott Universal Movies
AMC Entertainment CEO Adam Aron is sticking to his guns about the theater’s decision to ban streaming NBCUniversal films in the future. The two entertainment mogul and movie production company have had a disagreement about whether it’s ok for new releases to skip the 90-day theatrical window, and so AMC is pulling out of any…
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AMC Theaters Could Go Bankrupt Over Coronavirus
AMC Theaters is preparing for possible bankruptcy due to effects from the coronavirus pandemic. The country’s largest theater chain announced it’s first-quarter losses are expected to be between $2.1 billion to $2.4 billion. With massive debt, thousands of theaters closed and not much of a bright future ahead with the reopening, AMC could be pushed…
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Movie Theaters Including AMC Theaters Announce They’re Closing For Up To 3 Months
Beginning today, AMC theaters announced they will be shutting their doors for the next six to 12 weeks to combat the spread of coronavirus. This includes all 634 locations in the U.S. and Canada and is effective Tuesday, March 17, 2020. “We are ever so disappointed for our moviegoing guests and for our employee teams…