The parent company of Odeon has warned that the lack of new blockbusters fuelling record low movie-going could mean it will run out of cash as soon as the end of the year.
AMC said it is exploring options to raise cash, including asset sales, additional debt or equity financing and joint ventures with business partners.
“Existing cash resources would be depleted by the end of 2020 or early 2021,” the company said.
The move has left Wonder Woman 1984 as the only bonafide new Hollywood blockbuster set for the big screen this year.