AMC Theatres Gift Cards AMC Theatres a Leawood-based company told the Securities and Exchange Commission on Tuesday that it could run out of cash by the end of this year or early 2021.In its report  the company cited the ongoing uncertainties of the COVID-19 pandemic coupled with the release of new films on streaming services instead of in movie theaters as the causes for the significant loss in revenue.AMC noted that in the time between resuming some theater operations during the pandemic and Oct. 9 the company’s theaters had an 85% drop in attendance in U.S.

AMC Theatres Gift Cards for Sale To stay afloat AMC Theatres been utilizing other tools in their financial toolkit. Back in July the chain restructured its debt with bondholders resulting in $200 million in cash. It also sold nine theater chains in the Baltic region resulting in a $77 million payday.AMC has also been finding other ways to get creative with bringing people into its theaters. It was announced in late October that AMC would rent out its theaters for family friends and large events only for $99 (via The Verge).

Illustrating how dire the situation is for the movie theater industry the world's largest theater chain could run out of money by the end of the year.AMC Theatres said Tuesday that its existing cash resources would be "largely depleted" by the end of 2020 or early 2021 because of the "reduced movie slate for the fourth quarter," as well as "the absence of significant increases in attendance from current levels."The company said it has two ways out of its cash crisis: Either more customers need to buy tickets or it will have to find new ways to borrow money.