Theatres Begone: America ‘s largest theatre, AMC, is slated to file for bankruptcy

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For weeks there has been much talk about the future of movie theatres in America and in fact across the world. According to the New York Post, AMC (the largest of said theatres) appears to be actively exploring a Chapter 11 bankruptcy deal to close dozens of its locations amid cash flow problems and going broke.

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But let it be known that AMC was widely struggling before the virus. For years, AMC struggled to get people in seats as digital streaming services and the likely have widely dominated the landscape. A simple trip to the movies in recent years spiked to more than $50-$85 (for tickets; snacks, etc especially for a family of say 2-4.)

The problems first emerged earlier this month after letters from AMC to their landlords were made public. According to those letters, AMC has informed dozens of its landlords that they will be skipping rent for April.