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Another snapshot on effects of COVID-19 on movie theaters: “AMC secures $100 million investment, but bankruptcy concerns still loom” by Sarah Whitten for CNBC today.
“Key points:
- “AMC secured a $100 million investment from Mudrick Capital Management.
- “The cinema chain will still need at least $750 million of additional liquidity to fund cash requirements through 2021.
- “Should the company not be able to secure additional sources of liquidity, it reiterated, it may have to enter bankruptcy proceedings.”