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AMC Theatres Report 90 Percent Decline In Revenue

MEDIA Posted: November 3, 2020 9:31 am

The world’s largest exhibitor suffered a brutal 90.9% drop in revenues during the most recent earnings period, with sales clocking in at $119.5 million. Losses hit $905.8 million or $8.41 cents a share. In the prior-year quarter, a time when cinemas were open around the globe and world-altering pandemics were largely the stuff of Hollywood thrillers, AMC logged revenues of $1.3 billion on a net loss of $54.8 million or 53 cents a share. – Variety

MEDIA Published: 11.02.20

Read the story in Variety Published: 11.02.20

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