Dead2009 Posted April 8, 2020 Share Posted April 8, 2020 https://geektyrant.com/news/amc-theaters-unlikely-to-survive-the-movie-theater-shut-down Quote We all know that movie theaters have been hurting since they were forced to close down over the coronavirus pandemic. There was also a fear that some movie theaters might not be able to make it out of this alive. It looks like one of the big movie theater chains is sweating it, and according to The Wrap, they are unlikely to survive. It’s reported that AMC Entertainment's credit rating has been downgraded from a 'B' to 'CCC-,' and what that means is that "Default imminent, with little prospect for recovery." Analyst S&P Global confirms: "We expect AMC Entertainment Holdings Inc.’s (AMC) theaters will remain closed beyond June due to the impact of the global coronavirus pandemic. We do not believe AMC has sufficient sources of liquidity to cover its expected negative cash flows past mid-summer." AMC is in major debut as it reported a $5+ billion deficit at the end of 2019 and losses of $149 million. The analysts continued: "While unlikely, we could raise the rating if AMC were able to secure additional liquidity without further burdening its capital structure and if we expected the company would be able to generate substantial cash flow in 2021. This would likely require conclusive knowledge about the length of the theater closures and a view that the box office would return to normalized levels in 2021." Link to comment Share on other sites More sharing options...
Demon_skeith Posted June 23, 2020 Share Posted June 23, 2020 I think any theater is going to go under from this, a lot of companies are realizing the whole release on digital for home viewing is way better. So I think the theater industry is about to go under a major shake up. Link to comment Share on other sites More sharing options...
killamch89 Posted November 1, 2020 Share Posted November 1, 2020 On 6/23/2020 at 12:58 AM, Demon_skeith said: I think any theater is going to go under from this, a lot of companies are realizing the whole release on digital for home viewing is way better. So I think the theater industry is about to go under a major shake up. So true! I'll definitely miss the experience of going to theaters(had a lot of good memories) but life goes on... Link to comment Share on other sites More sharing options...
Reality vs Adventure Posted November 1, 2020 Share Posted November 1, 2020 They could have gotten money, but greed placed a lot of bailout money into partisan businesses. Link to comment Share on other sites More sharing options...
Peterlight Posted January 1, 2021 Share Posted January 1, 2021 I just wish the movie theatre would open just for a week, I kind of miss the popcorn and disturbance, the large screen and audience. Link to comment Share on other sites More sharing options...
