It was reported last week that AMC Theatres had their credit downgraded, which meant they would probably have to shut down.
AMC is reportedly in talks with Weil, Gotshal & Manges in an attempt to work through a Chapter 11 bankruptcy filing.
It is believed that AMC is in talks to work with Weil Gotshal & Manges for the Chapter 11 filing currently.
The Chapter 11 filing may help AMC Theatres stay afloat for a little while, but the world is in a weird spot at the moment.
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