USA movie theater chain AMC announced Monday it had raised $917 million in funding since mid-December, allowing it to fend off bankruptcy for now as Covid-19 batters the film industry.
"So basically, if you think that at some point through vaccination and other means, infection and vaccination, a significant portion of the public will be allowed to and interested in returning to the theaters, that AMC makes a lot of sense because you can borrow money for very inexpensively and you can buy it at a ridiculously low price", Max Wolff, managing partner at Systematic Ventures said.
The news delighted investors, with shares soaring by up to 39 per cent on the NY stock exchange.
AMC raised $506 million from the sale of 164.7 million new common shares, and secured $411 million in incremental debt that is in place through mid-2023, according to the statement. AMC, which was acquired by China's Dalian Wanda Group in 2012, raised more than $1 billion from April through November.
BIG Changes Coming to Jungle Cruise Attraction
Jungle Cruise inspired a blockbuster film starring Dwayne "The Rock" Johnson and Emily Blunt , which is due for release in July. The ride will continue a tradition that Walt Disney started more than six decades ago when he first enhanced the Jungle Cruise .
"Today, the sun is shining on AMC.any talk of an imminent bankruptcy for AMC is completely off the table", AMC CEO Adam Aron said.
AMC, the world's largest theater operator with around 1,000 venues and 10,700 screens globally, has kept many of its theaters open in the United States despite the acceleration of the pandemic and a drop in ticket sales.
AMC has yet to release its 2020 full-year financial results but posted a net loss of $3.6 billion in the first nine months of the year.
Declining issues outnumbered advancing ones on the NYSE by a 1.44-to-1 ratio; on Nasdaq , a 1.27-to-1 ratio favored decliners. The S&P 500 posted 27 new 52-week highs and no new lows; the Nasdaq Composite recorded 302 new highs and 4 new lows.
Song Yoo-jung, a South Korean actress and model best known for the series " Make Your Wish ", died on Jan 23 at the age of 26. Her other roles included the TV series Golden Rainbow , among many other projects including numerous music videos.
The beginning of its massive campaign includes vaccinating all medical staff, the elderly, and people with chronic diseases. However, the company still plans to submit results from its clinical trial for publication in a peer-reviewed journal.
There's lots of monsters going insane on each other, but at the end of the day I want there to be an emotional drive to it. Though he doesn't have atomic breath like Godzilla , Kong does have the ability to wield enormous tools to his advantage.
From there, the size difference between the two fighters was brought up, but White said, "Logan's gonna find out what speed is. Boxers Logan Paul and Floyd Mayweather are slated to face off in an exhibition bout on Saturday, February 20.
Secondly, any disagreements over the accords must be discussed within the framework of the official negotiating committees. The deal was agreed in 2015 between Iran, the United States, China, Russia, Britain, France and Germany.
Avec 4.240 personnes infectées par le virus au cours des dernières 24 heures, le nombre de contaminations atteint 3.057.857. Les chiffres sont en baisse par rapport à la veille (25 900), mais en hausse par rapport à dimanche dernier (16 642).
The NBA is still planning an "All-Star break" from March 5-10, and the second half of the regular season is set to begin March 11. The NBA awarded Indianapolis the 2024 All-Star Weekend to replace the loss of the event in 2021.
Of those cases, 10 reports of anaphylaxis or serious reaction to the vaccine, which is about eight per 100,000. The province will provide an update on the COVID-19 vaccination plan at Queen's Park Monday afternoon.
Chopra said that she is someone who likes to have a sense of control but with Jonas, she does not feel like she needs to do that. During the interview with People , the 38-year-old was in London to film a movie while Jonas stayed in LA.
Vaccine shortages push B.C. to delay second doses to 42 days
India has gifted India-Made vaccines to 7 countries and sent contractual supplies to 3 countries so far, with many being planned. Ramaphosa, who now chairs the African Union, said African countries wanted access to vaccines as quickly as other nations.