AMC Theaters Speaks Out on the Company’s Uncertain Future

Hi, AllEars readers! If you would like to read more information regarding the temporary closures at the Disney Parks, please click here for a list of closures at the Disney Parks, or click here for some of our most FAQs. From all of us at AllEars, our thoughts are with those affected. While the Disney Parks are closed, we will continue to write articles and bring you AllEars TV videos to enjoy and for our readers to use once the parks reopen.

Amidst the current closure, AMC Theaters announced it would not reopen until just weeks before studios release new blockbusters.

AMC Disney Springs

As the closures have continued, AMC recently spoke out on their current financial status and how it could affect the future of the company as a whole.

The soonest Disney blockbuster, Mulan, is set to premiere on July 24th, but AMC fears that if a summer reopening is delayed, the company might not survive.

©WaltDisneyStudios

AMC claims to have enough funds available to reopen theaters later this summer, but if this reopening is postponed, the company may not be able to borrow extra funds to continue. In a recent regulatory filing, AMC stated, “Due to these factors, substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.”

AMC Dine-In Theater

Other theater companies such as Cinemark claim to have enough cash to survive the rest of the year and are already planning to reopen U.S. theaters on June 19th.

Apart from some rogue stormtroopers, AMC Theaters in Disney Springs remains desolate. We will continue to keep you updated as we learn more about AMC’s plan moving forward.

Which upcoming Disney movie were you hoping to see in theaters? Let us know in the comments.