Is Every AMC Theater Closing?
The epidemic caused severe damage to cinema theatres across the country. In essence, the entire sector collapsed over night. This put every theatre in existence in a risky position right away.
As a result, several tiny theatres permanently shuttered when maintaining their existence proved impossible right away. But the powerful players persisted.
The COVID-related limitations appeared to be diminishing, and it appeared that larger theatres were recovering. AMC, however, is currently facing some major difficulties.
Not all AMC theatres are closing their doors. At least they haven't yet started to shut down.
However, CNBC reports that the firm is now in danger of going bankrupt due to a significant share price decline.
On Monday, AMC's stock plummeted, falling almost 30%. Additionally, they dropped by 26% at the end of the previous week.
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