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Cinemas AMC threatened with bankruptcy by a health crisis

With nearly 600 cinemas in the United States and 1000 in the world, it is one of the largest cinema chains. Yet, AMC Theaters could not survive the health crisis of the Covid-19. Heavily affected by the closure of its facilities in recent months, this behemoth of the entertainment is concerned the bankruptcy, reports the New York Times .

read also : Coronavirus that: "the containment affects the whole chain of the cinema"

According to a document seen by the american media, AMC Theaters believes that "doubts substantial remain as to [its] ability to continue [as is] for a reasonable period of time". The chain which does not generate any revenue since the closing of the theaters in march, estimates its losses between 2.1 and 2.4 billion, up from $ 130.2 million last year at the same period.

global Crisis

these financial problems, it is necessary to add a context for the reopening of the Atlantic remains very uncertain. And the fear that the spectators fleeing of the private rooms of blockbusters this summer - to this day, Mulan and Tenet are the only blockbusters to have maintained their release date in July. AMC Theaters has stated it would survive in the event that the rooms could open to the public, "this summer or a little later". If the reopening was prolonged, the survival of the AMC would be dangerously threatened.

The film industry world is in a crisis unprecedented since the beginning of the century, which was accentuated with the arrival of Netflix, Amazon and other platforms streaming paid in recent years.

In France, the salle de cinema UGC George-V is the first to make weapons. The hotel located on the Champs-Élysées has announced that it will not reopen its doors at the same time as other cinemas on the 22nd of June next year. The complex, old of 82 years, will be transformed into a hotel...

The editorial team conseilleLes below the closing surprise in the cinema UGC George V on the Champs-ÉlyséesAu theater 22 June: ask for the programme !Young people are deserting cinemas, the seniors always more nombreuxSujetsAMC TheatersCoronavirusconfinementAucun comment

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