AMC Theatres Scores New Funding That Takes Imminent Bankruptcy “Completely Off The Table”

Was Chinese conglomerate Wanda Group among the surprise beneficiaries of the recent retail investor frenzy that caused a spike in the stock price of movie theater giantAMC Entertainment? A U.S.-based division of Wanda converted its Class B common stock in AMC to Class A shares on Monday, Feb. 1 "in order to permit sales of its common stock," AMC revealed in a filing with the Securities and Exchange Commission on Friday.

Several years ago, Joel Harrison and Andy Silvester met in a south London pub discussing lower-league football. Fast forward, and Joel is now the co-author of several books on spirits and one of the world’s leading booze writers and creative consultants, and Andy Silvester is City A.

Real Housewives of New Jersey star Teresa Giudice is an incredible mom to her four young girls, and it’s hard to believe how quickly they’re growing up! Gia, 20, Gabriella, 16, Milania, 15, and Audriana, 11, whom she shares with her estranged ex husband  Joe Giudice, have been on our TV screens for years, and even have their own social media presences now.

Enjoying the moment! Teresa Giudice and boyfriend Luis Ruelas are moving slow with their relationship following her divorce from Joe Giudice.

Also Read: Inside AMC's Wall Street Surge: A 'David Vs Goliath' Reddit BattleMKM Partners analyst Eric Handler, in a note to clients this week, added to the grim picture, saying AMC’s share price could slip down to $1 per share this year, per Marketwatch.

AMC Entertainment’s shares took a steep tumble Thursday, not yet a coda to the frenetic activity around the stock market fueled by users on Reddit, TikTok, Robinhood and other social media platforms.AMC’s stock was down more than 50% on Thursday afternoon, one day after it surged more than 300% and skyrocketed to $20.31 per share.

As the stock price of movie theater giant AMC Entertainment surged on Wednesday, the private equity firm Silver Lake used the volatility to its advantage. In 2018, Silver Lake,invested $600 millioninto AMC via a debt offering due in 2024.

WarnerMedia has picked up the intimate, sexually themed New Zealand-made documentary There is No I in Threesome. The film will have its world premiere at the WarnerMedia Lodge at the Sundance Film Festival this weekend, followed by a streaming release on Feb.

Also Read: AMC Theatres Has Raised $917 Million to Weather 'Dark Coronavirus-Impacted Winter'The push higher for AMC’s stock has also been spurred on by the company becoming a popular “meme stock” on the Wall Street Bets Reddit forum, where investors are betting on companies like AMC that have been heavily shorted, or bet against, by large hedge funds.

Yesterday, AMC Theatres rejoiced as the company announced that it has secured enough funding (nearly $1 billion) to keep afloat during the pandemic and well into 2021. But that doesn’t mean the company thinks everything in the film industry is going really well right now, as more studios push films out of spring and into the second half of the year.

Out and about. Kailyn Lowry vacationed at Dreamworks Water Park in New Jersey with her four sons amid the coronavirus pandemic.

A bankruptcy court judge Monday confirmed a liquidation plan for the former Weinstein Co., which filed for Chapter 11 three years as disgraced mogul Harvey Weinstein imploded in a sea of sexual abuse and harassment accusations.

Rebecca Rubin Film and Media ReporterAMC Theaters delivered a sobering message last December, warning that the world’s largest cinema chain could run out of cash by early 2021 due to mounting challenges posed by the coronavirus pandemic. On Monday, the company announced a reversal of fortune.

Cinema giant AMC Theatres has unveiled a new European financingdeal, raising more than $400 million to help the company through a difficult period with additional liquidity amid the continued coronavirus pandemic. "This means that any talk of an imminent bankruptcy for AMC is completely off the table," said president and CEO Adam Aron.

Also Read: AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets“Today, the sun is shining on AMC.

© @Copyright HELLO! Hello! Magazine Kyra Sedgwick and Kevin Bacon have homes in both New York and Los Angeles, and have been based in LA during the pandemic – close to their two children, Sosie and Travis. What's more, the celebrity couple have been sharing glimpses of their lives on social media over the past few months, including plenty of pictures inside their beautiful home. MORE: Kyra Sedgwick looks incredible in gold suit in stunning throwback photoThe gorgeous property boasts a huge