AMC Entertainment Sees 3Q Sales Plunge, Had $419M In Cash As Of Sept. 30; Plans To Sell More Stock To Raise Cash

 Chicago Med due to return on Wednesday, Nov. 11, it won't be long before we're back in the ER with Goodwin (S.

Jill Goldsmith Co-Business EditorLive Nation said it expects live events will be back and big next summer judging by the 86% of fans that kept their tickets for rescheduled shows.Between those tickets held for rescheduled shows and new sales “we have already sold 19 million tickets to more than four thousand concerts and festivals scheduled for 2021, creating a strong baseload of demand that is pacing well ahead of this point last year,” said CEO Michael Rapino as the company announced

Jill Goldsmith Co-Business EditorMajor movie chain Cinemark reported a COVID-battered quarter with revenue of $35 million versus $821 million the year earlier. It swung to a loss of $148 million from a $33-millio profit.As of September 30, it had 252 domestic and 15 international theatres open to limited hours, showing library content and some new releases.

Chicago Fire in more ways than one. When the NBC drama returns with its ninth season on Wednesday, November 11, the writers aren’t wasting any time before diving into Matt Casey (Jesse Spencer) and Sylvie Brett’s (Kara Killmer) relationship.“I think we’ve extended the ‘will they or won’t they?’ as far as it possibly could go,” cocreator Derek Haas said during the Tuesday, November 2, episode of the “Watch With Us” podcast.

Dade Hayes Finance EditorAMC Entertainment plans to sell 20 million of its Class A shares, netting $47.7 million, as it contends with ongoing shutdowns of many of its movie theaters and a withdrawal of studio films from the 2020 release calendar.COVID-19 hampered the release of Tenet in August and aside from less-expensive, targeted titles, wide releases have shifted to either later release dates or streaming debuts.The company disclosed the move in an SEC filing Monday.

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Cinema chain AMC Entertainment Holdings is looking to raise more fresh cash to stay afloat as it offered guidance to Wall Street on its faltering financial performance that fell short of analyst expectations. On Tuesday, AMC unveiled another equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million additional class A shares, with the proceeds being used for general corporate purposes, the company said in an SEC filing.

temporarily shut down in mid-March amid the pandemic.

Jill Goldsmith Co-Business EditorAMC Entertainment will resume operations at a dozen theaters in New York State October 23 in accordance with Gov. Andrew Cuomo’s recent, welcome reopening announcement over the weekend that, however, still excluded New York City and a handful of other counties.NY is “vital to the theatrical exhibition industry,” the world’s largest chain said Monday.With the reopening of New York, AMC will be operational in 44 of the 45 states where it has theatres.

A baby boy who delivered after his mother was fatally shot last week in Chicago died after only four days of being alive, Chicago police said on Saturday.   The boy was delivered Tuesday in critical condition after his mother, 35-year-old Stacey Jones, was shot twice in the back while standing outside her home on the city's South Side.

The brakes have been slammed on wide-reaching plans to change Hale and Sale Moor villages over the next 10 years.Trafford council received a letter from a barrister raising concerns over their consultation for the plans, ‘obtained by an interested party’ and has revoked its unanimous approval of the plans given last month.The letter details the barrister’s advice given to the unnamed interested party and takes issue with other elements of the council’s plans for the villages too.As a result of

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Jill Goldsmith Co-Business EditorExhibition shares took a beating Tuesday as AMC Entertainment announced its cash might be gone by year end and Walt Disney became the latest big content company to restructure operations around streaming.As theaters reopen to limited audiences without key New York and Los Angeles markets and a paucity of new studio fare, heavily indebted AMC said in an SEC filing that it has enough cash to last until late this year-early next and would require “material”

“Given the reduced movie slate for the fourth quarter, in the absence of significant increases in attendance from current levels or incremental sources of liquidity, at the existing cash burn rate, the Company anticipates that existing cash resources would be largely depleted by the end of 2020 or early 2021. Thereafter, to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels.

Jill Goldsmith Co-Business EditorThings are going from bad to worse in exhibition as AMC Entertainment said Tuesday its cash will be gone by late this year or early next and it’s exploring potential sources of additional liquidity, including asset sales, joint ventures or minority investments.The nation’s largest movie chain, like others in the industry, has been struggling to make ends meet after being shuttered for months due to COVID followed by a rocky restart.

Ed Meza @edmezavarIn his new crime series, “Rats,” Slovakian writer Miro Šifra not only tells a gripping tale set in the Czech Republic’s complex drug industry but also a poignant human story.The fact-based drama examines the dynamic world of the Czech-Vietnamese meth syndicates, funded by cryptocurrency and monitored by police drug enforcement task forces.

Rangers. And the move has made the Japanese-based property tycoon the fourth largest shareholder at Ibrox.

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