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Will China's Wanda Group Bail Out AMC Theatres?

China county Will Government Hollywood Coronavirus
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hollywoodreporter.com:

The emerging narrative on Wall Street about AMC Theatres, North America's largest cinema circuit, is that the company may be on the brink of bankruptcy amid the coronavirus pandemic.

The theater chain's hefty debt load is trading at highly distressed levels, and analysts have sounded the alarm that "AMC has minimal liquidity options to make it through" the virus crisis, recommending investors sell off stock before the exhibition giant files for Chapter 11 protection.

One especially interested party, however, has expressed distain for that estimation: Dalian Wanda Group, the Chinese conglomerate that has been AMC's largest shareholder since a historic $2.6 billion cross-border buyout in 2012. "The recent online media speculation that Wanda's.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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