Latest news of amc-theatres

The fundings serve as fresh investment capital, given since Mid-December of 2020. The theaters will use the money to establish a plan to reopen.

The figure reflects a 91% quarterly revenue decrease for the movie theater chain. The losses occurred despite the company's attempt to reopen theaters with a 20-40% restricted seating capacity.

One hundred AMC Theater locations have begun offering 15 cent tickets for hit films in an attempt to lure customers. Food won't be sold, and guests will be required to wear masks at all times.

The company's revenue during the second quarter was USD 19 million. Its primary focus is to begin reopening theaters across the United States.

The deal is currently only in effect in the United States, but discussions and international distribution agreements will take place for Europe and the Middle East in upcoming weeks. The financial terms of the deal were not disclosed.