AMC Theatres Could Run Out of Cash by the End of 2020, Early 2021

Drew Barrymore brought her Scream character back from the dead in a hilarious new sketch on The Drew Barrymore Show.During the Thursday, October 22, episode of her daytime talk show, the 45-year-old actress revisited her classic role from the 1996 horror film.

Also Read: AMC's Stock Surges 22% on New York Theaters ReopeningAMC said it had $417.9 million in cash on hand at the end of September 2020.

Amazon Prime Video‘s The Boys is set to begin shooting in early 2021, showrunner Eric Kripke has confirmed.The series was renewed for a third season back in July.Season two of the show, based on The New York Times best-selling comic by Garth Ennis and Darick Robertson, began streaming on a weekly basis on the streaming service last month, with its finale airing on October 9.Posting to Twitter, Kripke shared a photo of the script of the first episode of the third season, entitled Payback.

Brent Lang Executive Editor of Film and MediaAfter an unprecedented Broadway season cut short by coronavirus, the 2020 Tony Awards nominations are finally here.“Jagged Little Pill,” “”Moulin Rouge: The Musical,” and “Tina: The Tina Turner Musical” were all nominated for best musical, while best play will be a contest between “”Grand Horizons,” “The Inheritance,” “The Sound Inside,”  “Sea Wall: A Life,” and “Slave Play”James Monroe Iglehart, who won the 2014 Tony for best featured actor for his

The other day, AMC Theatres released an SEC filing that basically said the company is going to run out of cash by the end of 2020 or early 2021 if the box office doesn’t improve over the next few months. And guess what? With “Soul” moving to Disney+, “Coming 2 America” heading to Amazon, and the major studio offerings for the next couple of months reduced to about four films (for now), things aren’t looking great for theater owners.

Adam B. Vary Senior Entertainment WriterThe 2020 edition of Los Angeles Comic Con has been canceled, the latest in a wave of entertainment events to either postpone or call off plans in the wake of the COVID-19 pandemic.Comikaze Entertainment, the organizers of the event, had originally postponed L.A.

Also Read: AMC's 'Soulmates' Co-Creator Says 'Quantum Physics' Behind Soulmates Test Actually Checks OutWithout a major uptick in attendance or an injection of new funding, the company said, “existing cash resources would be largely depleted by the end of 2020 or early 2021. … to meet its obligations as they become due, the Company will require additional sources of liquidity or increases in attendance levels.

Movie theater giant AMC Theatres said on Tuesday that its "existing cash resources would be largely depleted by the end of 2020 or early 2021" if current trends persist.

Just last week, after the surprise shutdown of Cineworld (and thus, Regal Cinemas locations) in the US and UK, AMC Theatres came out and told everyone that things should be just fine and the world’s largest cinema chain had no plans to shut down its theaters. Well, it appears that the CEO might have been speaking a bit too optimistically, as new statements from AMC point to a company on the verge of collapse.

A baby girl who was born prematurely early Tuesday after her mother was shot and killed in Chicago was in critical condition, according to reports. Stacy Jones, 35, was due to give birth to her baby next month.

“The required amounts of additional liquidity are expected to be material,” the company added. Since mid-March, the pandemic has squeezed the theater industry. After months of forced closures due to the pandemic, AMC and its rivals reopened their doors again this summer.

“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.

Jet2.com and Jet2 Holidays have announced all their flights and breaks to Spain and Portugal will now be axed until next year. The travel firm has confirmed that trips to the popular holiday destinations will now be scrapped for 2020 due to the ongoing uncertainty over travel during the coronavirus pandemic - and the current government guidelines advising against non-essential travel to the two countries.

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Anthony D'Alessandro Editorial Director/Box Office EditorHer Oscar winner Spike Jonze has boarded Sony Pictures Classics upcoming early 2021 release as an Executive Producer. Additionally, SPC has also acquired the rights in Asia, Israel, Turkey and the rest of Europe, making it a worldwide release for the label.

Peter White Television EditorDickinson, the Hailee Steinfeld-fronted half-hour comedy, has been picked up for a third season by Apple.This comes ahead of the launch of its second season, which the streamer has set for Friday January 8. Joining as guest stars for the second season are Nick Kroll, Timothy Simons, Ayo Edebiri and Will Pullen.

There’s a new public enemy No. 1 among theater owners and some Hollywood studio executives: Andrew Cuomo.