AMC Entertainment, the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry
AMC Entertainment Holdings Inc., the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry.
AMC saw “virtually no revenue” in the two weeks of the quarter ended March 30 when theaters closed—a 14-day period that devastated the company’s results. In the year-earlier period, the company lost $130.2 million. Revenue was $941.5 million for the period, down from $1.2 billion last year.
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