AMC Says Coronavirus Outbreak Could Kill Theater Chain

PITTSBURGH, PA — AMC Theatres, the world's largest theater chain, said in a regulatory filing that "substantial doubt exists" regarding its ability to survive the coronavirus outbreak.

In a regulatory filing with the Securities and Exchange Commission, the company acknowledged "we are effectively generating no revenue" because its theaters have been closed since March because of the pandemic.

AMC also listed a host of concerns that could limit its revenues once its theaters reopen, including:

A lack of availability of films because of a continued delay in film releases, the release of scheduled films on alternative channels or disruptions of film production.

Decreased attendance at theaters because of continued safety and health concerns, additional regulatory requirements limiting seating capacity or a change in consumer behavior in favor of alternative forms of entertainment.

Increased operating costs resulting from additional regulatory requirements enacted in response to the pandemic and from precautionary measures AMC voluntarily takes at its facilities to protect customers and employees.

AMC operates 634 locations in the United States and Canada. Its western Pennsylvania locations include:

• AMC Waterfront 22, The Waterfront.

• AMC South Hills Village 10, Bethel Park.

• AMC Mt. Lebanon 6, Mt. Lebanon.

• AMC Delmont 12, Delmont.

• AMC Westmoreland 15, Greensburg.

• AMC South Pike 10, Sarver.

• AMC Uniontown 6, Uniontown..