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AMC Theatres "Bankruptcy Appears Likely," Analyst Says
Hollywood Reporter ^ | 4/9/2020 | Georg Szalai

Posted on 04/09/2020 7:28:22 PM PDT by nickcarraway

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1 posted on 04/09/2020 7:28:23 PM PDT by nickcarraway
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To: nickcarraway

Unlock the fooken economy!!!!


2 posted on 04/09/2020 7:31:16 PM PDT by 2banana (My common ground with islamic terrorists - they want to die for allah and we want to kill them.)
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To: 2banana

Sit down movie theaters are dinosaurs anyways.

Nobody under 40 goes to a theater anymore.


3 posted on 04/09/2020 7:32:04 PM PDT by Black Agnes
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To: Black Agnes

I hope not. I love theaters. Used to sneak in as a kid all the time and watch movie after movie. As an adult I sometimes get the temptation.

Maybe these guys will go out of business so an American can buy it up.


4 posted on 04/09/2020 7:34:01 PM PDT by Greetings_Puny_Humans (I mostly come out at night... mostly.)
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To: nickcarraway

I’m interested in looking towards seeing if there is a further shift to the left by actors and actresses.

If the Chinese company manages to sell this chain off it will be interesting to see if it can survive under other leadership.

And if the leftest are less pro-Chinese.


5 posted on 04/09/2020 7:34:11 PM PDT by Notthereyet (NotThereYet.)
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To: nickcarraway

Sadly, the movie theater business is in for a world of hurt. Other than maybe cruises, I can’t think of a business that’s likely going to be hit as hard. On the one hand, you have politicians legally prohibiting movie theaters from operating. Who knows how long that will last in some places? And even when they are allowed to re-open, I can’t see their audience rushing back. Even if this virus were totally eradicated in a few months (which is probably unlikely), a lot of people are going to be newly comfortable with the myriad streaming options they’ve become all too familiar with over the past month.


6 posted on 04/09/2020 7:34:51 PM PDT by irishjuggler
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To: nickcarraway

“Handler said though that even if AMC is able to tap government bailout funds, as management has signaled it plans to do, “we believe the weight of its balance sheet will make for tough sledding given the company’s high leverage, thus making a reorganization inevitable.” That comment was a reference to a potential Chapter 11 bankruptcy filing, which leads companies, their lenders and a court to develop a restructuring plan.”

Why is American bailout money, available to a Chinese company?

“AMC, in which Chinese conglomerate Dalian Wanda Group owns a majority voting stake, ...”


7 posted on 04/09/2020 7:35:52 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: nickcarraway

Theaters are one example, as are sporting events and concerts where people are packed in line sardines.

Playing in an empty arena just isn’t going to bring in the bucks.


8 posted on 04/09/2020 7:36:50 PM PDT by Voltage
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To: nickcarraway

Can Hollywood be far behind?


9 posted on 04/09/2020 7:37:30 PM PDT by JonPreston
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To: Greetings_Puny_Humans

Maybe.

It’s a generational thing.

I have a *bunch* of nieces and nephews, millenials, who haven’t been to a movie theater since their parent took them to see animated stuff when they were kiddos.

Hubby and I haven’t been in over 10 years. We prefer to watch them in our home, with our food, sitting on our furniture. No sticky floors, vague damp spots in the chair or $10 tiny box of popcorn.

When tech for decent picture/sound was very expensive, it made sense to have things like movie theaters. Now though...


10 posted on 04/09/2020 7:37:42 PM PDT by Black Agnes
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To: nickcarraway

AMC, in which Chinese conglomerate Dalian Wanda Group owns a majority voting stake,
Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Better not get taxpayer bail outs. This is one reason why Hollywood is so AntiAmerican .


11 posted on 04/09/2020 7:38:51 PM PDT by McGavin999 (Queen Fancy Nancy Of North Poopistan)
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To: nickcarraway

I used to enjoy a date with the wife for dinner and a nice movie. Been years since we’ve done it though. For one thing, we can’t seem to agree on a movie anymore worth going out to see.


12 posted on 04/09/2020 7:38:59 PM PDT by Dogbert41 (Jerusalem is the city of the Great King!!!)
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To: nickcarraway

Movie Theaters are going the way of Blockbuster Video.


13 posted on 04/09/2020 7:39:26 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: cba123

>>>Why is American bailout money, available to a Chinese company?

Because it employs thousands of Americans in is theaters.


14 posted on 04/09/2020 7:40:58 PM PDT by oincobx
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To: Dogbert41

Yep, that’s my struggle, I generally gravitate towards foreign movies now.


15 posted on 04/09/2020 7:41:03 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

I’m on my 3rd free Netflix trial. Gott look deep to find something to watch. That Tiger King stuff is not worthy.


16 posted on 04/09/2020 7:42:16 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: oincobx

Not anymore...


17 posted on 04/09/2020 7:42:56 PM PDT by cba123 ( Toi la nguoi My. Toi bay gio o Viet Nam.)
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To: nickcarraway

NO MONEY TO CHINESE COMPANIES!!! Laid off employees get the necessary benefits.


18 posted on 04/09/2020 7:43:43 PM PDT by Reno89519 (Buy American, Hire American! End All Worker Visa Programs. Replace Visa Workers w/ American Workers)
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To: oincobx

So, it is still a communist Chinese company. Help the AMERICAN workers, but not the communist Chinese company.


19 posted on 04/09/2020 7:44:46 PM PDT by Reno89519 (Buy American, Hire American! End All Worker Visa Programs. Replace Visa Workers w/ American Workers)
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To: nickcarraway

Don’t blame the virus for any bankruptcy...

TRY MAKING SOME DECENT MOVIES.

I really think you, Hollywood, don’t have a clue about making a movie without insulting your audience one way or another.

By the way, high tech destruction of whole cities gets old after a while.


20 posted on 04/09/2020 7:46:18 PM PDT by Maris Crane
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