AMC Theatres Pledges to Stay Open, Touts PVOD Pact With Universal

Former President Barack Obama aims to rev up Democrats when he headlines a drive-in car rally Wednesday in the crucial battleground state of Pennsylvania. The event, in Philadelphia, will be the former president’s first in-person campaign stop on behalf of Democratic nominee Joe Biden, who served for eight years as Obama’s vice president.

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.

Democratic vice presidential nominee Sen. Kamala Harris – campaigning in Florida on the first day of in-person early voting in the largest of the traditional general election battleground states – is taking aim once again at President Trump over his repeated moves to repeal the national health care law amid the coronavirus pandemic.

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.

Nellie Andreeva Co-Editor-in-Chief, TVSeth MacFarlane’s Fuzzy Door is expanding the executive team under president Erica Huggins with the hire of former Marvel Television exec Aimee Carlson as SVP.Reporting to Huggins, Carlson will work to grow Fuzzy Door’s slate spanning drama, comedy and areas such as science, history, politics and music across film, television, digital and animation.

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.

“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.

Brent Lang Executive Editor of Film and MediaAMC Theatres is in danger of running out of cash by the end of the year or by early 2021 if moviegoers don’t return to cinemas in greater numbers, the world’s largest exhibitor warned in public filings on Tuesday.The theater chain noted that attendance at the 494 of its 598 U.S. locations that it has opened in recent weeks is down approximately 85%.

Democratic presidential nominee Joe Biden hasn't traveled to Texas in months, but on Tuesday, his campaign will dispatch his wife, Jill Biden, to help boost early voting turnout in the Lone Star State. The Biden campaign announced that Jill Biden will make three stops in Texas, with planned events in El Paso, where she will be joined by former presidential candidate Beto O'Rourke; Dallas and Houston, where she'll be joined by U.S.

Naman Ramachandran Vue International chief Tim Richards said that his multiplex chain is going to try and stay open as long as possible, while Rolando Rodriguez, chairman, president and CEO of U.S.

new lockdown measures if they agree to stop selling alcohol, Nicola Sturgeon has confirmed. It had initially appeared that all licensed premises across five central health board areas - ranging from pubs to restaurants - would have to close for 16 days as of 6pm tomorrow.

Cineworld will be closing all of its screens from Thursday (October 8) across the UK and the US indefinitely, in light of a number of delayed titles including the new James Bond film No Time To Die.“We were delighted to start reopening our cinemas back in July, and are committed to keeping them open,” Showcase Cinemas UK General Manager Mark Barlow said in a statement.

With yesterday’s confirmation from Cineworld, the parent company of Regal Cinemas, that the company would be closing all of its US and UK movie theaters “until further notice,” film fans (and box office analysts) feared the worst. When would AMC follow suit? And would this be the final nail in the coffin of theater exhibition in 2020 (and possibly forever)? Well, AMC isn’t ready to close its doors.

The 2020 theatrical release calendar is getting even slimmer in the wake of the announcement that Regal cinemas are temporarily closing, although AMC, North America's largest theater chain, says it will remain open.Warner Bros. said late Monday that its sci-fi pic “Dune” will now open in October 2021, instead of this December.

Rebecca Rubin Film and Media ReporterAMC Theatres on Tuesday pledged not to close any of its movie theaters that have reopened, despite headwinds that the exhibition industry has faced during the pandemic and the lack of new Hollywood movies on the horizon.The announcement was made the day after rival cinema chain Cineworld, which operates Regal in the U.S., reported plans to temporarily shutter all 536 locations on Thursday, citing the “challenging theatrical landscape.” Cinemark, another

Anthony D'Alessandro Editorial Director/Box Office EditorIn the wake of Cineworld’s decision to shutter its UK venues and Regal U.S. theaters, AMC, the No.