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Day: January 26, 2021

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It Turns Out COVID-19 is a Nightmare for AMC Entertainment (AMC)

AMC Entertainment Holdings Inc. (NYSE: AMC) has lost more than 60% of its value in the past year. The restricted social life and cancellation of high-profile premieres caused losses. However, the New Year is unlikely to bring much improvement. Although deferred demand is strong, AMC Entertainment is unlikely to achieve its financial target in the short to medium term. AMC Entertainment is facing the possibility of bankruptcy. The company’s management warned in October 2020 that it would likely have to initiate bankruptcy proceedings by early 2021 if it did not receive additional funding. AMC Entertainment’s creditors asked the company to