AMC Theatres Lost $2.2 Billion Due to COVID Shutdown

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AMC Theatres has reported a massive $2.2 billion loss for the first quarter of 2020. The theater chain, along with everything else, has been shut down since the middle of March, due to obvious reasons. Despite the massive loss, AMC Theatres still plans to fully reopen its doors next month to get back to business with hopes that Warner Bros. and Christopher Nolan will keep Tenet‘s July 17th release date. There are also hopes that Disney will release their live-action adaptation of Mulan the following week.

Whispers of bankruptcy have been swirling since April. However, AMC believes they will be able to get through by opening next month, noting that “substantial doubt exists” about bankruptcy to be “a going concern.” AMC CEO Adam Aron seemed confident in a statement released earlier this week. He had this to say.

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