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Added on the 01/01/2019 15:55:39 - Copyright : Wochit
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.
Will Smith's new action drama "Focus" boots the kinky sex tale "Fifty Shades of Grey" from the top of the box office, racking up $19.1 million in ticket sales. Vanessa Johnston reports.
Oscar-nominated war film "American Sniper" led U.S. and Canadian box office charts over the weekend with a record-setting $90.2 million in ticket sales. Linda So reports.
Oscar-nominated war film "American Sniper" led U.S. and Canadian box office charts over the weekend with a record-setting $90.2 million in ticket sales. Linda So reports.
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