Analyst Sees Grim Future For AMC Theatres: “I Really Don’t Know How They Don’t Go Bankrupt”

so Emily Ratajkowski. The woman has always been a fan of the bare midriff and clearly has no plans to alter her personal style, which is exactly how it should be. Here she is in July of this year, wearing pretty much the summer version of this ensemble.

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.

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.

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%.

Also Read: COVID-19 Whistleblower Says Trump's Immunity Claim Is 'Absolutely Not True' (Video)“I’m cured of the Covid. I’m totally immune.

AMC Theatres said Tuesday it is not currently planning to close any of its movie theaters that have reopened, in part because of the leeway provided by an unprecedented premium VOD deal it recently signed with Universal. The announcement came a day after rival Cineworld said it is going to shut all of its cinemas in the U.K.

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.

AMC Theatres are going to remain open, President and CEO Adam Aron said on Tuesday. Competitors Regal and Cineworld are temporarily closed.Commenting on the announcement, AMC CEO and President Adam Aron said, “Some of our best partners like Disney, with its much anticipated SOUL, and Universal with THE CROODS: A NEW AGE, have new movies scheduled for theatrical release over the next month and a half.

Graham Norton has been named the most dangerous celebrity to search for online in the UK by cybersecurity firm McAfee, ahead of Ricky Gervais and Tom Hardy.

As the business week begins today, we’re already seeing massive financial implications from the news of “No Time to Die” being delayed and Cineworld shutting down its US and UK cinemas.

The Drew Barrymore Show, where he brought his new puppy Charlie, and the former couple swapped stories about their first date and filming Charlie's Angels together. They both seemed genuinely happy to be hanging out again after so long.Tom said: "I was so happy when you invited me on the show.