With movie theaters shuttered worldwide in the wake of the coronavirus pandemic, the theatrical film business has never looked more precarious. But that's not stopping China's largest exhibition company from doubling down on cinema construction.
China’s Wanda Calls AMC Bankruptcy Speculation “Pure Rumors”
15.04.2020 - 12:05 / deadline.com
By Nancy Tartaglione
International Box Office Editor/Senior Contributor
China’s Dalian Wanda Group has issued a statement regarding its AMC Entertainment, calling speculation about the chain filing for bankruptcy “pure rumors.” This comes after an S&P Global report last week forecasted AMC’s depletion of cash by mid-summer and its potential inability to re-open by June, and as chatter has swirled about a possible Chapter 11 filing.
In a one line announcement on its Chinese website, Wanda said,
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
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27.04.2020 / 18:27
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26.04.2020 / 03:15
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15.04.2020 / 23:41
Will China's Wanda Group Bail Out AMC Theatres?
The emerging narrative on Wall Street about AMC Theatres, North America's largest cinema circuit, is that the company may be on the brink of bankruptcy amid the coronavirus pandemic. The theater chain's hefty debt load is trading at highly distressed levels, and analysts have sounded the alarm that "AMC has minimal liquidity options to make it through" the virus crisis, recommending investors sell off stock before the exhibition giant files for Chapter 11 protection.
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15.04.2020 / 10:33
China’s Wanda Dismisses AMC Theaters Bankruptcy ‘Rumors’
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