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AMC Theaters Facing Cash Shortage

Behemoth movie theater chain AMC might run out of cash by year’s end if it doesn’t raise additional funds and attendance continues to lag. The chain has reopened about 83% of its U.S. theaters, but attendance is down about 85% on a same-theater basis from last year. “Many Hollywood executives and analysts believed the U.S. movie-theater industry was poised for a correction even before the pandemic struck,” according to the Wall Street Journal.

Read the whole story at The Wall Street Journal »

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