Can AMC Theatres Survive the Pandemic Without Bankruptcy or Downsizing Theaters?

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America’s largest theater chain will continue to fight off bankruptcy next year, and failure could change the exhibition industry in a big way

AMC Theaters

Whenever movie theaters reopen next year and blockbusters return after months of pandemic delays, a major question will be whether the recovery will be enough to pull AMC Theatres back from the brink of bankruptcy — or from shuttering or selling off venues to survive. Since the start of the pandemic in mid-March, revenue for the U.S.’s largest theater chain has collapsed by a staggering 92% compared to the same period in 2019. The company’s stock, already struggling at the start of the year at $7.46 per share, closed at $2.59 on Tuesday as the company has fought to maintain enough cash flow to cover operating costs and a debt burden that stands just under $5 billion.


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