Amid Cash Crunch, AMC Theatres Plans to Raise $500 Million in Private Offering

By Jill Goldsmith

By Jill Goldsmith

Amy Poehler and Chris Pratt’s virtual Parks and Recreation special has already raised more than $3 million (£2.4 million) to help non-profit Feeding America amid the coronavirus pandemic.

It’s only been a day since the Parks and Recreation Special aired and it has already raised a ton of money for Feeding America.

Last Sunday night’s Stronger Together, a multi-network 90-minute TV special, has raised more than $8 million for Food Banks Canada in just under a week.

The Queen has promoted Captain Tom Moore to Colonel on his 100th birthday, after he raised more than £29 million for the NHS.The World War II veteran captured the hearts of the nation by doing laps of his garden. In celebration of his milestone birthday, Tom has received a personal letter from the Queen and has also been re-presented with his Second World War Defence Medal ahead of next week's VE Day celebrations.

Exhibitors and studios might be well served to remember a saying from Mahatma Gandhi — “An eye for an eye only ends up making the whole world blind.” Instead of heeding the words of the Indian nationalist, the two camps are locked in a deadly struggle, one fueled by ego, distrust, and recrimination, that will likely leave both sides gravely wounded unless, or until, cooler heads prevail.

Ticketmaster has furloughed hundreds of employees across multiple offices in North America, marking the first major employment cuts at the Live Nation-owned concert company in the face of the COVID-19 crisis. The company is considering additional cost saving measures, Billboard has learned, as it analyzes the possibility of having little to no revenue in 2020.

Ticketmaster has furloughed hundreds of employees across multiple offices in North America, marking the first major cuts at the Live Nation-owned concert company in the face of the COVID-19 crisis.More furloughs are likely at the company, Billboard has learned, catching some employees by surprise who said they were given assurances on multiple calls that the company would do everything it could to avoid cutting staff.But officials at Live Nation said that the furloughs were part of a series of

By Dave McNary

The government of Saudi Arabia's sovereign wealth fund has acquired a 5.7 percent stake in Live Nation, the parent company of Ticketmaster.The Saudi Public Investment Fund disclosed the stake, comprising 12,337,569, shares in a filing with the Securities and Exchange Commission on Monday morning.Based on Live Nation’s share prices as of this writing, the investment is valued at just shy of $500 million.

The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest live-entertainment company, according to SEC filings released Monday.

The BBC’s Big Night In telethon raised a combined total of over $67 million (£54.2 million) on Thursday evening.

By Jill Goldsmith

By Gene Maddaus

Manchester United great Patrice Evra has teamed up with Lineage Logistics to raise money for NHS staff working on the front-line during the coronavirus outbreak.

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