AMC Theaters Lost $2.2 Billion Due To COVID-19, Sets Reopening Plan
Mere days after warning it could potentially go bankrupt, AMC Entertainment, which owns the AMC chain of movie theaters, has revealed a loss of $2.2 billion in the first quarter of 2020, thanks in large part to the ongoing COVID-19 (coronavirus) pandemic. Still, even with those losses, the company is gearing up to once again open its doors. The news comes from Variety, which reports the company plans to reopen its theaters worldwide in July, after shutting them down in March. "These are truly unprecedented times," AMC Entertainment CEO Adam