Movie theater chain AMC says it may not make it through the coronavirus pandemic

An AMC theater in New York. — (Image credit: Victor J. Blue/Getty Images)

AMC, the largest theater chain in the U.S., said Wednesday it may not be able to survive the coronavirus pandemic.

AMC theaters were shut down in March, and the chain said in a regulatory filing that it has enough cash to reopen all of them in the summer, but if that can't happen, it will need more money.

The company listed several concerns, including whether customers are even going to want to return to theaters during the pandemic. Since March, some new movies have been released to streaming platforms for at-home viewing, and AMC and other theater chains are worried this practice will continue in the future. Because Hollywood has stopped production on movies, it will also take time before there are full slates of new films.

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Due to all of this, AMC expressed "substantial doubt" of its "ability to continue" for an extended period of time. The company has 1,000 theaters in the U.S. and Europe.

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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.