Page 15 - Cineworld Plc News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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AMC Entertainment Holdings Inc said on Monday that any talk of an imminent bankruptcy is “completely off the table” after the cash-strapped movie theatre chain raised an additional $917 million to help cushion the blow from the pandemic.
The company’s shares, which have lost nearly half their value in the last 12 months as it was forced to shut theatres during the virus outbreak, jumped as much as 39% to $4.88.
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While AMC Chief Executive Officer Adam Aron allayed investor fears by repeatedly raising fresh funds, the business has still not reached pre-pandemic levels.
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The global release of the James Bond movie
No Time to Die was postponed to October from April, its producers said, another setback for movie theaters trying to rebuild a business crushed by the coronavirus pandemic.
The movie’s new debut date is Oct 8, according to an announcement on the James Bond website and Twitter feed.
No Time to Die, from MGM and Comcast Corp’s Universal Pictures, had originally been set to hit the big screen in April 2020 before moving to November 2020 and then April 2021.
The film, which cost an estimated $200 million to produce, marks actor Daniel Craig’s last outing as agent 007.