Description
Added on the 03/01/2019 13:00:00 - Copyright : Cover Video 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.
North American ticket sales are projected to reach $4.4 billion for the summer box office season, shy of the record $4.75 billion set in 2013 according to Rentrak. Shartia Brantley 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.
“It’s just the fact that movies can make that kind of money, that people care enough to go to the movie theater. That was so celebratory of what they were able to do.” | “Avatar: The Way of Water” director James Cameron praises the box office success of “Avengers: Endgame,” and reveals the spontaneous decision that led to “Avatar” topping the film at the worldwide box office earlier this year. #jamescameron #avatar #avatarthewayofwater #avengersendgame #boxoffice #celebrityinterviews #avatar2
Supporters of Mexican President Andres Manuel Lopez Obrador take to the streets of Mexico City to commemorate the left-wing populist's fourth year in office. IMAGES
|
Support : Technical 
- Content 
- Editors 
