GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links.

AMC Theaters May Run Out of Cash By The End Of 2020

2020 has been a tough year movie theaters, and AMC may run out of cash by the year's end.


AMC Theaters is in danger of running out of cash by the end of the year, the company said in a new filing with the Securities and Exchange Commission, causing its stock to drop by nearly 13% on Tuesday.

The theater chain, which is the largest in the world, said on Tuesday that its "existing cash resources would be largely depleted by the end of 2020 or early 2021." The company says that it will require additional sources of money or increases in attendance levels to continue.

Please use a html5 video capable browser to watch videos.
This video has an invalid file format.
Sorry, but you can't access this content!
Please enter your date of birth to view this video

By clicking 'enter', you agree to GameSpot's
Terms of Use and Privacy Policy

Now Playing: 8 Best Shows And Movies To Stream For August 2020 - Netflix, HBO Max, Hulu, Disney+, Prime Video

This news follows just a week after Cineworld announced the temporary closure of all Regal theaters in the United States and the United Kingdom. AMC said in the SEC filing that "major movie releases that were previously scheduled to be released in the fourth quarter have either been rescheduled for 2021 or slated for direct to streaming in lieu of a theatrical release, leaving a reduced slate of movie releases for the remainder of the year," further exacerbating the chain's existing problem. The final straw for Regal seemed to be the delay of No Time To Die, the latest James Bond movie, to April 2021.

AMC's announcement is just the latest in a string of changes in the movie world. AMC lashed out at Universal when the studio decided to release Trolls: World Tour directly to streaming services, and Disney recently announced a major re-org centered around its Disney+ streaming service.

Image credit: Getty Images/Noam Galai

Eric Frederiksen on Google+

Got a news tip or want to contact us directly? Email

Join the conversation
There are 1 comments about this story