December 5, 2020
Business News

US movie chain AMC warns it is running out of money – BBC News

Image copyrightReuters
The world’s biggest movie chain has warned it could run out of money by the end of the year, citing a plunge in film-going and delayed movie releases amid the coronavirus pandemic.
Despite reopening the majority of its theatres, AMC Entertainment Holdings said attendance remained down 85% in the US and 74% elsewhere.
AMC says it is looking to raise money.
The warning follows rival Cineworld’s recent decision to temporarily close its cinemas in the US and UK.
AMC, whi…

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