AMC Says It Will Reopen Its Cinemas Worldwide In July. Here’s Why It Needs To.

Affirming warnings it gave last week, the world’s largest movie theater chain reported that it lost $2.2 billion in the first quarter of 2020, a period that saw the beginning of the coronavirus shutdown. Though last week’s report warned of “doubt” that AMC could remain a “going concern,” the company’s CEO said Tuesday that, “in the end, AMC will both succeed and prosper.” – Variety