Is Amc Theaters Going Out Of Business. By Herb Scribner HerbScribner Jan 27 2021 728am MST. AMC Theatres said Tuesday that its existing cash resources would be largely depleted by the end of 2020 or early 2021 because of the reduced movie slate for the fourth quarter as well as the.
While they are the largest chain in the country they are not the only chain in the country other companies like Alamo Drafthouse Marcus are still doing well. Were going to have to. AMC Theatres confirmed in an SEC filing on December 11 that the company will be out of cash by January.
AMC has over 8000 theaters making it the biggest movie theater.
But its ultimatum follows the explosive news that Warner Bros. A marquee with no movie titles on it but instead big letters that say gone out of business With movie houses nationwide closed by the coronavirus big cinema. According to THR AMC Theatres. CNN Business reports AMC Theatres is looking at a loss somewhere between 21 billion and 24 billion in the first quarter thanks to the closure.
