AMC: Cinema chain threatens bankruptcy

AMC Theaters has announced that it is in dire need of $ 750 million. If this amount cannot be raised, the chain is threatened with bankruptcy in January. The public letter was from The Verge discovered.

The cinema chain assumes that you will be liquid until mid-January 2021, but then it will be over. They also state that the coming year cannot be estimated and also blames Warner Bros. a little.

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AMC looks to others to blame

A few days ago it was announced there that all films will be released in the cinema next year and will appear at the same time on HBO Max. It is also emphasized that Disney’s strategy will also have a negative impact.

AMC has been fighting with the film studios since the beginning of the pandemic. A well-known example was the dispute with Universal, where we could halfway agree. But AMC knows that 2021 will be a difficult year, even with all the planned films, because we do not know how the visitors will react from now on.

Let’s assume that all the films come back to the cinema as planned. But will the visitors then also go straight to the cinema? TENET has shown that even a big blockbuster can’t do that. And I suspect that it won’t be any different in 2021. AMC Theaters is fighting for survival.