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Adam Aron

Business
COVID-19: Bankruptcy Seen As Likely For AMC Theaters COVID-19: Bankruptcy Seen As Likely For AMC Theaters
Covid-19: Bankruptcy Seen As Likely For AMC Theaters The curtain may be coming down on AMC Theatres, which was forced to shut down its business due to the novel coronavirus (COVID-19) pandemic, and is now facing bankruptcy troubles. The cinema giant announced in mid-March that it would be closing down all its theaters for up to 12 weeks in coordination with federal guidelines and directives for social distancing in an effort to stop the spread of the virus. According to a Variety report, MKM Partners analyst Eric Handler said that theaters could be closed until at least August, and “our belief that AMC lacks the liquidity to stay afloat until…

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by Zak Failla