AMC Entertainment Nears Debt Deal That Would Ensure Solvency Into Early Next Year

Just a few months (in fact, exactly three months to the day) after the theatre chain proclaimed it would no longer play movies from the studio, AMC Theatres and Universal Pictures have signed a multi-year agreement that will allow the studio’s films to premiere on premium video on demand (including the theater’s own, AMC Theatres On Demand) within just three weeks of their theatrical debuts.

Universal Pictures and AMC Theatres have put aside a bitter feud and signed a multi-year agreement that will allow the studio’s films to premiere on premium video on-demand within three weeks of their theatrical debuts.The pact, sure to send shockwaves throughout the exhibition industry, has the potential to reshape the ways that movies are marketed and distributed.

Jill Goldsmith Co-Business EditorAMC Entertainment Monday announced the results of a key debt swap as it nears the finish line of a financial revamp unveiled earlier this month that will help it stay viable through  spring. The plan will slash debt, bring in $300 million in fresh cash and defer some interest payments.The financing just became even more urgent after Warner Bros.

Dominic Patten Senior Editor, Legal & TV CriticEXCLUSIVE: Back in 1987, Star Trek: The Next Generation debuted and next year will see a further expansion of the Gene Roddenberry franchise for a new generation, literally.Set to premiere in 2021 on Nickelodeon, the kids orientated CG-animated series will be called Star Trek: Prodigy I can reveal. Here, as Comic-Con@Home really kicks into gear, is also a first look at the logo for show:

The future of chicken is upon us, as leading fast food brand KFC have just announced their plan to start 3D printing ‘chicken’ nuggets as early as next year.This news follows the fact that only a few weeks ago the world's first 3D printed steak was made, and now KFC will be launching their nuggets out of Russia.The Kentucky-founded company have announced their partnership with a Russian biotech research firm to make the laboratory-produced meat.

Spotify and Universal Music Group have finalized a new and expanded multi-year global licensing agreement. As part of the arrangement, announced Wednesday, the label group deepens its role as an early adopter of Spotify's marketing tools and other tech features that both parties hope will foster more impactful connections between fans and artists in innovative ways.

Spotify and Universal Music Group have finalized a new and expanded multi-year global licensing agreement.

straight to your inboxManchester United’s resurgence since lockdown hit a bump in the road when Michael Obafemi equalised in the dying seconds of Monday’s 2-2 draw with Southampton at Old Trafford.Chelsea’s subsequent 1-0 victory over Norwich City means Ole Gunnar Solskjaer's side are now four points behind the third-placed Blues.Crucially, however, United have the same number of points - 59 - as fourth-placed Leicester City and only trail the Foxes on goal difference.Such fine margins between

Brytiago.The deal is announced ahead of Brytiago's debut album, Organico, set to be released on July 17. "I am proud to be part of the Business Music Inc and Duars Entertainment family and now also excited to have Caroline support on my development as an artist," Brytiago said in a statement.

Cinema chain AMC Entertainment Holdings has unveiled a proposed debt restructuring agreement with its bondholders that includes $200 million in fresh cash and the Silver Lake Group purchasing $100 million in new senior notes. The $200 million will be made available through a rights offering of new subordinated debt to allow holders of AMC's existing subordinated notes to exchange their securities at a discount for new debt to be issued by the company.

Also Read: Movie Theater Chains Sue New Jersey for 'Unconstitutional' Closures Due to CoronavirusAMC said in its filing that the new debt agreement will be “highly beneficial” as the company tries to free up liquidity to stave off bankruptcy and survive the pandemic.Last month, AMC reported a net loss of $2.2 billion for the first quarter, which ended March 31.The cinema chain tallied roughly $5 billion in debt at the end of 2019 and losses of $149 million — that was after recording a $110

Brent Lang Executive Editor of Film and MediaAMC Theatres reached a debt agreement on Friday that could help the heavily leveraged exhibition chain avoid or at least forestall a liquidity crisis.Under the deal, Silver Lake Group will purchase $100 million in first lien notes, adding to the $600 million in convertible bonds that it already holds in AMC.

Jill Goldsmith Co-Business EditorAMC Entertainment Friday announced a debt restructuring that it said would “prove highly beneficial to the company and its shareholders.”The deal will reduce the principal amount of its total debt liabilities, extend the maturities of a significant percentage of outstanding debt, reduce cash interest expenses, and boost its cash and liquidity position to help navigate the ongoing COVID-19 crisis, the nation’s largest exhibitor said in an SEC filing.Theatres have

struggling as its cinemas have been shuttered by coronavirus lockdowns, saw its stock surge nearly 10 percent Wednesday on reports that it’s nearing a debt restructuring deal to avoid bankruptcyThe company, which operates about 1,000 theaters globally, has been trying for weeks to get bond holders to agree to swap debt at a discount but only a relatively small percentage had agreed as of June 30.

Jill Goldsmith Co-Business EditorCash-strapped AMC Entertainment saw its stock surge in premarket trade as the nation’s largest exhibitor is said to be closing in on a debt restructuring that will provide a cash cushion as its theaters remain shuttered.The company has been trying for weeks to get bond holders to agree to swap debt at a discount but only a relatively small percentage had agreed as of June 30, the company said in a SEC filing late Tuesday that extended the deadline.

Piers Morgan has revealed that he will "possibly" leave his post at Good Morning Britain next year.The 55 year old and his co-host Susanna Reid recently worried fans when they said they would be taking a break from hosting the show for the summer.TV personality Piers has now revealed that he will be returning in September before adding that it's possible he might be leaving the show forever at the end of 2021.