![AMC warns it must sell shares or go bankrupt](https://www.clickorlando.com/resizer/j8LlFg7rKuvXhWRF80vViMG5UIo=/1600x1067/smart/filters:format(jpeg):strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/25R23YJNKJGUDEINBVN7J5WER4.jpg)
AMC warns it must sell shares or go bankrupt
All rights reserved)The worldโs largest theater chain warns that it may have to file bankruptcy soon. ACM Theaters disclosed in a filing Tuesday with the Securities and Exchange Commission that it has a deal for additional sources of liquidity. That deal is with CitiGroup Global Markets and Goldman Sachs to sell 15 million shares. Earlier this month, AMC announced it could run out of money by the end of the year. Despite these challenges, the movie theater chain has said it will remain open.
![AMC pushes back movie theater reopening by 2 weeks](https://www.clickorlando.com/resizer/gq-dDbhXyyYUUJyyIeXWnmGEP-M=/1600x1043/smart/filters:format(jpeg):strip_exif(true):strip_icc(true):no_upscale(true):quality(65)/cloudfront-us-east-1.images.arcpublishing.com/gmg/NVYGDXZHWVBLHJNPMFZTITCDT4.jpg)
AMC pushes back movie theater reopening by 2 weeks
AMC Theaters, the nations largest chain, is pushing back its plans to begin reopening theaters by two weeks following the closure because of COVID-19. The company said Monday that it would open approximately 450 U.S. locations on July 30 and the remaining 150 the following week. AMC CEO and President Adam Aron said that its general managers across the U.S. started working full time Monday to get their buildings ready to reopen. Most indoor U.S. theaters have been closed since mid-March because of the coronavirus pandemic. Andrew Cuomo said New York would delay reopening cinemas while it continued to research the safety of indoor, air-conditioned venues.AMC expects its approximately 1,000 worldwide locations to be open by early August.
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AMC Theaters reverses course on masks after backlash
FILE - In this April 29, 2020 file photo, the AMC sign appears at AMC Burbank 16 movie theater complex in Burbank, Calif. AMC Theaters CEO Adam Aron said Friday that its theaters will require patrons to wear masks upon reopening, which will begin in July. AMC Theaters CEO Adam Aron said Friday that its theaters will require patrons to wear masks upon reopening, which will begin in mid-July. The interview came on the same day that California started requiring people throughout the state to wear masks in most indoor settings and outdoors when distancing isnt possible. AMC plans to sell masks for $1.
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Movie theaters, shuttered for months, plan July reopening
AMC Theaters, the world's largest theater operator, said Tuesday that it expects to have 97-98% of its theaters worldwide reopened by mid-July. It will be up to movie theater operators to convince moviegoers that its safe to once again sit in the dark among strangers. Only recently have state guidelines allowed the reopening of theaters in California (including in the countrys top market, Los Angeles, where local officials have yet to agree). Before Tenet arrives, theaters will play just as those that are currently open are showing recent and classic catalog offerings. Though a handful of movies have been steered to streaming or on-demand platforms during the pandemic, most studio films have been postponed until theaters reopen.