by Brandon Butler
AMC in Substantial Doubt of Remaining in Business 6/5/2020

Frank Pallotta for CNN:

AMC Theatres, the world’s biggest movie theater chain, said on Wednesday that it has “substantial doubt” it can remain in business after closing locations across the globe during the coronavirus pandemic.

The theater chain, which closed its theaters earlier this year, expects to have lost between $2.1 billion and $2.4 billion in the first quarter.

AM-effectively-immediately-AMC-will-no-longer-play-any-Universal-movies-in-any-of-our-theaters-C” also reported they are generating “effectively no revenue.”

Keep in mind Universal wasn’t the last studio to offer a home video release of films originally scheduled for theaters. Warner did this with Scoob and Disney is doing this with Hamilton in just a few weeks. No peep from “AM-effectively-immediately-AMC-will-no-longer-play-any-Universal-movies-in-any-of-our-theaters-C” CEO Adam Aron on additional Warner and Disney studio bans.