AMC Theaters may be headed for bankruptcy and what that means

Wall Street analysts at MKM Partners wrote on Thursday, April 9th, “Based on our view that theatres will be closed until at least August and our belief that AMC lacks the liquidity to stay afloat until that time, we expect the company will soon be faced with filing for bankruptcy.” He downgraded AMC Theatres stock from “neutral” to “sell.”

The report adds: Even if AMC is able to tap government bailout funds the company’s high leverage ratio — with $4.75 billion in debt — will make for tough sledding… thus making a reorganization inevitable.”

Don’t Panic

Bankruptcy doesn’t mean out of business. It’s a way for a company to protect itself from going out of business while it restructures. If AMC Theaters does indeed file bankruptcy, then for sure things will change, and some theaters may not reopen, but in some fashion or another, the USA’s largest theater chain will be showing movies again when it’s safe.

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The bigger question is: when will theaters reopen and what will that look like? I don’t think anyone expects a packed theater on August 14th for the Wonder Woman 1984 premier. But if not, then what will it be like? My guess is theaters will sell at most 1/2 of the seats for each showing — maybe less. So it might be the case that WW1984 is the only movie showing at some theaters. Strange days for sure.

#WonderWoman1984 is rescheduled to premier on August 14th. If theaters are indeed open will you go see it…

A) Opening night. No matter what!

B) Opening night, if theaters are 1/2 filled.

C) Late Sept., when theaters are mostly empty.

D) I'll Wait for the DVD. 🙁#COVID19

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Kathmandu890, 08/09/2021

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Run pee is the best app for people who find themselves needing to pee a lot but also not wanting to miss any action. The app gives you the best times to use the bathroom during a movie while also telling you when to leave and which lines to listen for! It not only gives you the time you should go pee, but it also explains to you what is happening during the break. I helped I use this app every time I go to the movies now. My god father recommended this app to 5 years ago and it’s been in my phone ever since! Highly recommended.

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— RunPee (movie app/film hub) (@RunPee) April 14, 2020

A Return to Americana – Drive In Movie Theaters Are Back in Style

MacGuffins Bars at AMC Theaters

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Dan Gardner

Creator and developer of the RunPee app. When something doesn’t work right in the app it’s pretty much his fault. 🙂

Aspiring author. Would like to finish his “Zombie Revelations” trilogy if he could break away for working on RunPee and the cottage he’s building for RunPee Mom.