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Added on the 20/03/2016 18:55:39 - Copyright : Reuters EN
Gizmodo reports ailing theater chain AMC might be totally broke by the end of 2020. In financial filings, the company disclosed on Tuesday that it may require 'additional sources of liquidity or increases in attendance levels' to survive. In other words, it'll need more cash or more butts on seats--or both. The company cites low attendance and a delayed movie release schedule during the coronavirus pandemic. If those don’t change, AMC may pursue additional debt and equity financing, renegotiations with landlords, asset sales, or joint ventures. They're not alone. Competitor Regal Cinemas has also disclosed it will need fresh funds by early 2021 if the winter results in 'prolonged' shutdowns.
'John Wick: Chapter 3 - Parabellum' has knocked 'Avengers: Endgame' off the top of the box office rankings with an opening weekend of $57 million in the US alone.
'Shazam!' has dominated the international box office for it's second week in a row generating $35.9 million after pulling in over $53.5 million in its first week.
Tim Burton’s “Miss Peregrine’s Home for Peculiar Children” topped North American weekend ticket sales with $28.5 million gross, trailed by "Deepwater Horizon" and "The Magnificent Seven." Gavino Garay reports.
The super hero film, Suicide Squad, and the risque animated food film, Sausage Party, deliver a one-two punch on their competition at the North American box office. Diane Hodges reports.
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