Even with virtually all its U.S. movie theaters resuming operations, AMC Entertainment -- the largest U.S. movie chain -- says it could run out of cash by the end of this year or by early 2021.Roughly 83% of AMC's domestic theaters were re-opened starting in late August -- with 494 U.S. theaters open out of its total of 598. However, those venues opened only at a limited capacity of about 20% to 40%.
Major releases include: Universal’s “The Croods: A New Age,” Walt Disney’s “Free Guy,” Paramount Pictures’ “Coming 2 America” and Warner Bros.′ “Wonder Woman 1984.”Eric Wold, entertainment analyst for B. Riley Securities, says the lack of new films has led to an 85% decline in same-theater attendance versus the same period a year ago.
For the last two months (August 12 through October 12), national TV advertising spending for
theatrical movies has totaled $73.5 million, according to iSpot.tv -- down from $297.9 million from the same period a year ago.