AMC warns of going concern as COVID-19 puts strain on theaters

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(Reuters) – AMC Entertainment Holdings Inc (AMC.N) said on Wednesday there were “substantial doubts” about its ability to continue operating, if the company was forced to keep its theaters closed for a longer period because of the COVID-19 pandemic.

Movie theaters worldwide have been shut since mid-March to help contain the spread of the novel coronavirus and many potential box-office draws such as “Top Gun: Maverick”, the new James Bond film “No Time To Die” and Walt Disney’s “Mulan” have been pushed later into the year.

In the United States, individual states are now…



Source reuters.com

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