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AMC Entertainment Running Out Cash, Offers Theater Rentals for $99

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*As the theater business continues to be impacted by the coronavirus pandemic, AMC Entertainment has warned it could run out of cash by year-end. 

Here’s more from MSN

According to AMC, 494 of its 598 theaters are open. But locations in California, Maryland, New York, North Carolina and Washington, which would normally generate a quarter of the company’s annual revenue, remain closed.

AMC hopes to reduce financial losses by raising cash and cost-cutting measures. For example, AMC is seeking to renegotiate building rents with landlords and considering taking out a loan. Over the last 12 months ending in June, the company reported a net loss of $2.8 billion on revenue of $3.7 billion.

“There is a significant risk that these potential sources of liquidity will not be realized,” the company said. 

READ MORE: AMC Theaters Ban Universal Films After ‘Trolls World Tour’ Earns $100 Million in Rentals

“At the existing cash burn rate, the company anticipates that existing cash resources would be largely depleted by the end of 2020 or early 2021,” AMC said in its filing. “Thereafter, to meet its obligations as they become due, the company will require additional sources of liquidity or increases in attendance levels.”

AMC Theatres is trying to lure moviegoers back by offering full auditorium rentals nationwide (except for DC) for private groups of 20 people or less. The cost ranges between $99 and $349, depending on the movie and theater location, per washingtonian.com

The price doesn’t include concession snacks and there’s a $250 catering fee if you want to bring your own food. Masks are required during screenings.

Find a full list of participating theaters here.

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Blind Items

BLIND ITEM: The Rapper, Her Husband and His Rape Case

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*The following Blind Item comes Hollywood insider Enty Lawyer. Please address all inquiries and complaints to the original source.

This foreign born former A+ list rapper is about to be sued by the woman raped by the rapper’s convict husband. The rapper and her team regularly pressure the victim to take money so she stops talking about the rape. The rapper’s supporters also regularly target the victim for harassment. The victim is going to sue for tens of millions of dollars and has a very very strong case.

Can you guess the former A+ list rapper and her husband?

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Entertainment

‘Clearly the Force Is Strong’: Sen. Cory Booker Reacts to Rosario Dawson’s Debut in ‘The Mandalorian’ (Watch)

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Did Rudy FART?! It Sure Looks and SOUNDS Like it – WATCH Other Lawyer’s Reaction the Moment it Happened

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Jenna Ellis reacts to Rudy's fart1 - 36436396-9017431-image-a-5_1607065587164
Rudy Giuliani wincing

Rudy Giuliani seems to reacting to something he heard … a foul odor? Hmmm …

*Not only is Rudy Giuliani passing BS as he tries to convince key Republican legislators to overturn the election for Donald Trump, he’s also passing GAS!

On Wednesday, Giuliani, who of course is President Trump’s personal flack, appeared to let one rip at least twice during the nearly five-hour hearing before state legislature in Lansing.

The very familiar sounds happened during a heated exchange with Rep. Darrin Camilleri, who confronted Giuliani over the New York Times article claiming he lobbied Trump for a preemptive pardon.

“I will ask that he be disciplined for that,” Giuliani, 76, said to Camilleri when the first fart noise was heard. (There’s no report of any concurrent stench in the air, but we digress.)

MORE NEWS: Pharrell Launches Non-Profit to Support Black and Latinx Entrepreneurs

Well, it wasn’t 90 seconds later when the microphone picks up a similar sound that was obviously heard by Trump’s legal adviser, Jenna Ellis, who sat next to Giuliani during the hearing. You can tell by looking at her exasperated expression. 🙂

“The answer that I gave you was that they didn’t bother to interview a single witness,” Giuliani said, refusing to stop bickering with Camilleri.

In any event, as described by Daily Mail, “Ellis’ head snaps towards Giuliani, gives him a steady, knowing stare. A small smirk looked ready to escape, but she focused her attention back on the proceedings.”

 

 

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