AMC could go bankrupt if it doesn't get help

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AMC claimed that its cash will run out early next year, an alarming situation that would lead to bankruptcy and reflects the terrible impact of the coronavirus pandemic.

AMC Theaters is presented as one of the 3 most important cinema chains in North America. Its rooms are located in the main markets of the region; without a doubt, a giant of the exhibition that today looks weak and terribly beaten. The crisis of coronavirus He came to upset this sector of the film industry like never before in history.

TO report from Variety note that AMC contacted the offices of the US Securities Commission. El propósito era solicitar un apoyo económico por valor de 100 millones de dólares, lo que les ayudaría a solucionar su situación hasta el próximo enero de 2021. A pesar de todo, se espera que el próximo año be aún más complicado, dado que necesitarán obtener 750 millones para evitar bankruptcy. A worrying situation.

At this time, the executives of AMC are evaluating all possible options to circumvent the terrible impact of the pandemic. Among the alternatives is the possibility of obtaining more debt, as well as the search for additional financing. No idea is ruled out, since a climate of despair is really perceived in the company. Despite everything, most of the companies in the fair sector are in an equivalent scenario.

AMC would be upset with Warner Bros.

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Allegedly, AMC Al mismo tiempo habría mencionado la controvertida strategy seguida por grandes empresas como Warner Bros. Particularmente, se refirió a la decisión de mostrar simultáneamente varias de sus futuras películas en cines y el servicio de streaming. HBO Max. Esta acción solo hará que la incipiente recuperación de las habitaciones en el proceso de reapertura sea aún más débil, dado que las persons no tendrán motivos para acudir a los complejos.

Just to gauge the terrible impact of health crisis, it is estimated that ticket sales revenue plummeted more than 90% year-on-year between the months of October and November. As if that were not enough, they have already had to deal with the numerous delays of the film studios, which refuse to release their productions in the current conditions. It is understandable, but no less regrettable.

Although we believe that AMC you will get the money you need to stay active in 2021 and avoid the bankruptcy, the blow against the fair industry continues to be brutal. In fact, several experts and specialists assure that nothing will ever be the same. After the health crisis, they stated that many studies will strengthen their links with health services or platforms. transmission, like the creatives and the actors themselves.

It is not a secret that Netflix has a good rhythm this 2020, while Disney + it has interesting projections after having expanded to Latin America. Strings like AMC they expect the situation to improve in the shortest possible time and, simultaneously, streaming services continue to strengthen. The latter are presented as one of the main sources of entertainment, something that was accentuated by mobility restrictions.