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Added on the 04/09/2015 21:42:29 - Copyright : Reuters EN
Gizmodo reports ailing theater chain AMC might be totally broke by the end of 2020. In financial filings, the company disclosed on Tuesday that it may require 'additional sources of liquidity or increases in attendance levels' to survive. In other words, it'll need more cash or more butts on seats--or both. The company cites low attendance and a delayed movie release schedule during the coronavirus pandemic. If those don’t change, AMC may pursue additional debt and equity financing, renegotiations with landlords, asset sales, or joint ventures. They're not alone. Competitor Regal Cinemas has also disclosed it will need fresh funds by early 2021 if the winter results in 'prolonged' shutdowns.
Psychological thriller "Don't Breathe" dominates at the Labor Day weekend box office with $15.7 million, in the final tally of the summer movie season. Vanessa Johnston reports.
Despite heavy competition from the small screen, the movie business held its own in 2015, and has a strong pipeline for next year. Bobbi Rebell reports.
In celeb news "Mission Impossible" rules the box office as Tom Cruise reveals a 6th film is in the works. Ashlee Simpson and Evan Ross welcome a baby girl into the world. In an update into the investigation of the shamed Subway spokesman Jared Fogle, reports are that he may have paid 100 dollars for sex with an under age girl.
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