AMC Theatres Expects 91% Decline in Q3 Revenue

baby on the way! The star and the actress are expecting their first child together.Pecoraro, 35, announced the exciting news on her Instagram on Saturday. The expectant mother shared a photo of herself at the beach in a bathing suit and showing off her burgeoning baby bump.

Henry Golding and his wife, Liv Lo! The gorgeous couple announced on Thursday that they are expecting their first child together.The star posted a photo of himself and his wife snuggled up on a bridge.

Brian Steinberg Senior TV EditorDiscovery said third-quarter profit increased despite a slump in ad revenue at both its U.S. and international operations, as the company enjoyed a tax benefit and relied on cost-cutting maneuvers to navigate through conditions caused by the coronavirus pandemic.The owner of the TLC, Food Network, HGTV and Discovery cable outlets said revenue fell 4% — with U.S.

Jill Goldsmith Co-Business EditorAMC CEO Adam Aron channeled Winston Churchill Monday, comparing the exhibition industry’s last stand against COVID-19 (and Chapter 11) to the U.K.’s fight for survival during World War II.Wall Street analysts on a conference call were too polite to bring up the word bankruptcy directly, nor did Aron.

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Dave McNary Film ReporterEmbattled cinema chain AMC Entertainment Holdings is raising $47.7 million in cash to stay open, according to a Securities and Exchange Commission filing published Monday.Shares of the company were down 3.4% to $2.28 in trading Monday.

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.

Yahoo Finance. On Monday morning, AMC reported adjusted EPS of $1.32 per share on $654 million in revenue.Overall, revenues dipped 9% from the comparable quarter in 2019.

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.

Dave McNary Film ReporterThe beleaguered AMC Theatres chain has warned it may have to file for Chapter 11 bankruptcy if it cannot obtain additional sources of liquidity.The company made the disclosure Tuesday in a filing with the Securities and Exchange Commission about an equity distribution agreement with Citigroup Global Markets and Goldman Sachs to sell up to 15 million class A shares, with the proceeds being used for general corporate purposes.

star Jeremy Allen White and his wife, Addison Timlin! The 29-year-old actress is pregnant with their second child together, she announced on Instagram.Timlin shared a photo of herself cradling her baby bump while carrying their 2-year-old daughter, Ezer, with 29-year-old White also grinning for the camera. She also shared a sweet picture from their 2019 wedding, this time with White carrying their daughter.«Well, the difference a year makes,» she wrote.

temporarily shut down in mid-March amid the pandemic.

Also Read: AMC Theatres Will Remain Open Amid Cineworld, Regal ShutdownOn Saturday, Cuomo said theaters in New York will be allowed to open at 25% capacity on October 23, with a maximum of 50 people per screening room.

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.

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.

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”

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.

“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.