Cinema Theatres Stay Vacant, AMC’s Takings Drops More Than 90%

  • November 03, 2020 12:24 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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The showbiz giant AMC Entertainment has been facing massive monetary hardship since past several months and the future too remains unclear in case the Company is unable to find new ways to churn out money.

The NYSE-listed company had registered revenue of $1,316.8 million in 2019 September quarter while, it plummeted to $119.5 million in the year 2020 during the same tenure. This drop of 90.9%, has been triggered by the absence of people in theatres located in big cities like New York City and Los Angeles where drawing people to theatre on a regular basis without any big ticket movie production has become a challenge.

 

 

 


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