AMC Warns It May Run Out of Money by End of Year
(Bloomberg) — AMC Entertainment Holdings Inc. said it may soon run out of cash amid fresh signs that the pandemic is pushing cinema operators close to default.
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Customers wearing protective masks visit the concession stand at an AMC Entertainment Holdings Inc. movie theater in Austin, Texas, U.S., on Thursday, Aug. 20, 2020. AMC will be reopening more than 100 theaters across the country Thursday, about one-sixth of its locations, with plans to open more in the coming weeks.
The world’s biggest theater chain said in a filing Tuesday that liquidity will be largely depleted by the end of this year or early next year if attendance doesn’t pick up, and it’s exploring actions that include asset sales and joint ventures.

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Attendance since the resumption of business in the U.S. is down 85% from the same period a year ago, the company said. AMC has been hobbled