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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This is a great app. I wish more people would support it
This app provides info about movies, reviews, ratings from people who have seen it before and after viewing. It has links to info about the movies. It let’s you know when there will be a lull in the action and how long it will last. If you want to know what happens during that time, you can check the brief synopsis (you have to click a link, so no accidental spoilers). It has a timer you can set (silent) to alert you to a break. It also tells you whether there is anything extra during or after the credits. It’s really a wonderful app. I’ve subscribed for a couple of years to support the developers, but I noticed some of the links to provide feedback didn’t seem to work today. They also made it free, with voluntary donations to see the pee-times. If you haven’t tried it, I encourage you to do so, and subscribe if you like it. I really hope the app is supported so it can continue to be maintained!
Developers note: RunPee doesn’t make much money but it supports itself nicely. Donations are appreciated, but not required. We’ll add as many movies to the database as we can until there are no more movie theaters.
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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
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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