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Added on the 09/12/2020 15:29:21 - 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.
“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
https://video.services.cerise.media/edit/60520e1943d7793a2d13b182
U.S. President Barack Obama attends an outdoor arrival ceremony in heavy rain, as the first sitting U.S. president to visit Laos. Rough Cut (no reporter narration).