is scrambling to raise cash as it fights to survive a steep drop-off in attendance and a lack of blockbuster premieres.
The largest theater-chain operator said Tuesday it was trying to find new ways to raise the money and could run out of its existing cash by the end of the year or early next year.
In a regulatory filing, AMC (ticker: AMC) said it “will require additional sources of liquidity or increases in attendance levels. The required amounts of additional liquidity are expected to be material.”
The company has been shoring up its finances since the summer, bracing against a sharp drop in box office sales after coronavirus-related shutdowns earlier this year. While it has managed to reopen 83% of its