AMC Theatres

Arts, Entertainment, Culture • TV & Movies
AMC Theatres says it's running out of money by the end of the year
AMC Theatres says it's running out of money by the end of the year

AMC Theatres, the world’s largest movie theatre chain, announced Tuesday that its cash resources "would be largely depleted by the end of 2020 or early 2021."

The company has reopened more than 80% of its US cinemas since March, but the lack of a vaccine and with few new movies to show, the attendance has been abysmal -- a decline of 85% compared to the same period last year.

AMC said it has two ways out of its cash crisis: Either more customers need to buy tickets, or it will have to find new ways to borrow money.