AMC Theatres Says It Will Be Out of Cash by Early 2021

expand that philanthropy. To that end, Union has teamed up with Amazon this holiday season to fulfill hundreds of .

Thanks to the COVID-19 pandemic, 2020 has been an unprecedented year for the film industry. Not only is the theatrical release business on life-support, but the film festival season was effectively canceled from March until September, leaving a Cannes-sized hole in the hearts of cinema fans.

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.

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.

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.

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%.

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.

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.

When you watch the trailer for Aaron Sorkin’s upcoming drama, “The Trial of the Chicago 7,” it’s clear that the film takes place in the ‘60s, with its era-appropriate costumes and politics. The film is obviously about the real trial of a group of people that were accused of conspiracy after protests surrounding the 1968 Democratic National Convention.

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.