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AMC in financial trouble

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AMC in financial trouble Empty AMC in financial trouble

Post  Banjo 2020-06-04, 11:09

https://www.cnbc.com/2020/06/03/amc-has-substantial-doubt-it-can-survive-coronavirus-shutdown.html

I assume that their movie division is separate from their TV division and TV would survive , although canceling popular series doesn't help.... tongue

Cinemark, a rival theater group, has said that it can turn a profit even if attendance is as low as 10%. After all, outside of the weekend, occupancy levels in its theaters range from 20% to 30%.


I can believe this. I go to a Cinemark theater 90+% of the time and there is rarely more than 20-30 people in the auditorium for the specific movie I'm watching , and probably the same numbers in the other auditoriums (24) .
Banjo
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