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.
Will China's Wanda Group Bail Out AMC Theatres?
15.04.2020 - 23:41 / hollywoodreporter.com
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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