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AMC Entertainment Holdings has raised an additional $917 million to help cushion the blow from the pandemic, and said that that any talk of an imminent bankruptcy is completely off the table .
The company s shares, which have lost nearly half their value in the last 12 months as it was forced to shut theaters during the virus outbreak, jumped as much as 39 percent to $4.88 on Monday. Today, the sun is shining on AMC, CEO Adam Aron said in a statement. This [new financing] means that any talk of an imminent bankruptcy for AMC is completely off the table.
The new funding includes $506 million in equity raised through new stock issues, and $411 million in debt capital through the refinancing of AMC s European credit facilities. The key investors and creditors were not disclosed.
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.
Los Angeles: The global release of the James Bond movie “No Time to Die” was postponed to October from April, its producers said on Thursday, another setback for movie theatres trying to rebuild a business crushed by the coronavirus pandemic.
The movie’s new debut date is October 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.