AMC Theaters Raise $917M To Avoid Bankruptcy, Make It Through ‘Dark Winter’
January 26, 2021 8:57AM EST
GLENDALE, ARIZONA – JUNE 20: AMC Theaters remains closed at the Arrowhead Towne Center on June 20, 2020 in Glendale, Arizona. AMC Theatres, the world’s largest exhibitor, has unveiled plans to re-open in mid July after coronavirus forced it to close its more than 600 venues in the U.S. for nearly four months. (Photo by Christian Petersen/Getty Images)
No industry has hit harder by the pandemic than movie theaters, and the country’s largest theater chain is trying its best to stay afloat.
AMC Theatres announced Monday it had raised nearly a billion dollars in capital in order to “make it through this dark coronavirus-impacted winter”.
The company says the money will keep theaters operating “deep into 2021” in the hopes that business can recover later this year when more Americans are vaccinated.
How long has it been since you were in a movie theater? Can you remember the last movie you saw?
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