AMC Theaters in Talks With Bankruptcy Lawyers

AMC Theaters in Talks With Bankruptcy Lawyers According to MarketWatch, the largest movie theater chain in the U.S. is reportedly in talks with bankruptcy lawyers to explore a potential Chapter 11 filing.

While the move is still in early stages and subject to change, signs point to a restructuring as the company reels from their recent hit to business.

AMC has been forced to close its theaters across the country due to the restrictions from the ongoing coronavirus pandemic.

It's been nearly a month since Americans have been able to go to the movies, and several AMC locations have reportedly skipped rent in recent weeks.