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The largest chain of cinemas predicted bankruptcy due to coronavirus (Topic)

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The largest chain of cinemas predicted bankruptcy due to coronavirus

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AMC Theaters, the world's largest cinema chain, could go bankrupt if the restrictions imposed in the fight against the spread of coronavirus continue for some time. Such concerns are expressed by Wall Street experts, with whom The Hollywood Reporter spoke.

"Based on our opinion that cinemas will be closed at least until August, and our belief that AMC lacks liquidity to stay afloat until then, we expect the company to file for bankruptcy soon. Compounding our liquidity concerns, AMC's decision to stop paying rent to landlords as early as April, ”commented one interviewee. p>

Note that AMC,

The Topic of Article: The largest chain of cinemas predicted bankruptcy due to coronavirus.
Author: Jake Pinkman


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