AMC Theatres Warns Of $2.4 Billion Loss, ‘Doubt’ About Remaining ‘Going Concern’

The world’s largest movie theater chain revealed that it expects its financial report for the first quarter of 2020, during which the COVID lockdowns began, to show a loss of up to $2.4 billion. The announcement also said publicly that management has “substantial doubt” that AMC can “continue as a going concern for a reasonable period of time.” – The Hollywood Reporter