Movie News

USA’s largest cinema chain to file bankruptcy

2020-04-10 10:39:49 :

AMC Theatres occurs to be the largest chain of theatres in USA is probably going to face bankruptcy as per the report from Wall Avenue. There are robust talks that AMC will quickly file bankruptcy as it’s working in losses and now the theatres are completely shut due to coronavirus scare. To forestall the unfold of coronavirus, the plex chain advised that every one the screens will stay shut for 12 weeks.

AMC Theatres had a complete income of simply 1.four billion USD in its fourth quarter of 2019 and the multiplex chain is badly hit due to the coronavirus. The chain had main money owed even earlier than the closure. All of the film theatres throughout USA are badly hit due to the coronavirus. AMC has over 1000 theatres and 11,000 screens throughout the globe. All the highest media homes of USA reported the information that AMC could file bankruptcy very quickly.

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