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 companyโs high leverage ratio โ with $4.75 billion in debt โ will make for tough sleddingโฆ thus making a reorganization inevitable.”
Don’t Panic
Bankruptcy doesn’t meanย 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. ๐#COVID19
What people are saying about the RunPee app.
Movie Watching Must Have!!
I go feral for this app. I love it so much and I wish everyone knew about it and used it. It is incredibly useful and I would be devastated if this app ever disappeared. Things I love: 1) the pee times! Itโs so handy to know the best time to go and then read the synopsis of whatโs happening while Iโm gone. I never have to worry about missing the good bits! 2) knowing if there is a post-credits scene or not. This might be my fav feature because I would have missed out on some pretty critical scenes if it werenโt for RunPee. 3) the movie review and viewer rankings. This info has made me watch some movies that I normally wouldnโt and itโs nice seeing things outside of my usual scope. 4) that itโs a small family run business. I love shopping small and it really does feel like Iโm part of the RunPee family! If you reach out to them, Dan will personally respond to you and he is so warm and helpful. GET THIS APP AND THEN SUBSCRIBE! It is absolutely worth it and youโll be using it again and again!
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A Return to Americana – Drive In Movie Theaters Are Back in Style
Donโt miss your favorite movie moments because you have to pee or need a snack. Use the RunPee app (Androidor iPhone) when you go to the movies. We have Peetimes for all wide release films every week, including Fall Guy, The Ministry of Ungentlemanly Warfare, Civil War and coming soon Kingdom of the Planet of the Apes, IF, Furiosa: A Mad Max Sagaย and many others. We have literally thousands of Peetimesโfrom classic movies through today’s blockbusters. You can also keep up with movie news and reviews on our blog, or by following us on Twitter @RunPee. If there’s a new film out there, we’ve got your bladder covered.
Creator and developer of the RunPee app. When something doesn’t work right in the app it’s pretty much his fault. ๐
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.
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