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AMC was fending off bankruptcy talk before COVID-19 so on the plus side this will allow them to offload hundreds of underperformers

Posted by: notfabio on Apr 12, 17:51 in response to tentin quarentino's post i mean, they hope (and probably a path for AMC). but this...

It's still definitely possible someone pulls a Philip Anschutz and buys what's left of AMC and 1-2 other chains (and it now can actually be a studio) and forms a new chain.  All the AMC Classic locations (the non reclinered older theatres) are likely what they'll shut down. 

Cineworld (Regal) ludicrously is still planning to move forward with their acquisition of Cineplex, but they also should be offloading and not acquiring more theatres.

https://nypost.com/2020/04/10/amc-theaters-may-hire-bankruptcy-law-firm-amid-coronavirus-shutdown/?link=mktw&mod=article_inline

AMC Bankruptcy Likely pquicio Apr 11, 21:51

Chapter 11....like all the airlines have done. {nm} mrbinns Apr 12, 14:37

i mean, they hope (and probably a path for AMC). but this THR article points out the challenges in even Ch. 11 restructurings in this enviro tentin quarentino Apr 12, 15:17

AMC was fending off bankruptcy talk before COVID-19 so on the plus side this will allow them to offload hundreds of underperformers notfabio Apr 12, 17:51





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