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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If you’re like me and enjoy a 92oz soda as part of the movie experience, you’ll be thankful for this app telling you the best times to go for a quick break. Whether that’s to refill your soda or recycle it.
Possibly an even better feature is the info on if the movie has after credits scenes. There’s nothing worse than sitting there reading about who the key grip was, then finding out that’s all you did. I blame Marvel for the stupid trend.
Seriously, I see a dozen movies a month and use this app every single time. Worth every Penny of the infinity coin thing I bought.
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A Return to Americana – Drive In Movie Theaters Are Back in Style
Don’t 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 Red One, Venom: The Last Ride , Transformers One, The Wild Robot and coming soon Wicked, Gladiator II, Moana 2 and many others. We have literally thousands of Peetimes—from 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.
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