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Added on the 13/12/2020 19:01:30 - Copyright : Wochit
An SEC filing reveals AMC aims to raise up to $844 million through the sale of 200 million shares to meet cash needs. Business Insider reports that AMC has burned through the bulk of its cash reserves as virus restrictions and a lack of major releases cut into business. In October AMC warned it could run out of money by the end of the year. The upcoming stock sale will likely raise far less than the $844 million target. On Thursday, AMC stock plummeted 16%.
Gizmodo reports ailing theater chain AMC might be totally broke by the end of 2020. In financial filings, the company disclosed on Tuesday that it may require 'additional sources of liquidity or increases in attendance levels' to survive. In other words, it'll need more cash or more butts on seats--or both. The company cites low attendance and a delayed movie release schedule during the coronavirus pandemic. If those don’t change, AMC may pursue additional debt and equity financing, renegotiations with landlords, asset sales, or joint ventures. They're not alone. Competitor Regal Cinemas has also disclosed it will need fresh funds by early 2021 if the winter results in 'prolonged' shutdowns.
Une adolescente souffrant de stress post-traumatique se retrouve traquée dans les bois par un sociopathe.
The leader of French conservative LR party at the National Assembly accused the newly-appointed Culture Minister Rachida Dati to have " made a deal with (French President) Macron". Dati on Wednesday said she plans to run for Paris mayor in 2026, only days after joining President Emmanuel Macron's reshuffled government. Dati's arrival was the biggest surprise in last week's cabinet shake-up that saw 34-year-old Gabriel Attal take over as prime minister. Up until her appointment, Dati was a long-standing member of the opposition conservative LR party, and is mayor of the French capital's chic 7th district that is home to most French ministries, the country's parliament and many foreign embassies. SOUNDBITE