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

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.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

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.