AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets

Bummer of a Tuesday SEC filing sends stock price under $4 per share

AMC Entertainment says that unless circumstances change, it will be out of cash by late 2020 or early 2021.

The largest U.S. movie-theater exhibitor laid out the grim news in a Tuesday SEC filing, which sent company stock price below $4 per share. At the time of this writing, AMC stock (AMC) had declined 8% from Monday’s close.

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Tony Maglio

Tony Maglio

TV Editor • tony.maglio@thewrap.com • Twitter: @tonymaglio