Money Makers Mentor

Big and Small Theaters Entertain Reopening Protocol

While the cinema community was deemed “less essential” by state officials during shutdowns, theaters across the country are entertaining and implementing reopening protocol in response to the COVID-19 pandemic.

Credit issuers, however, still have doubts about the industry.

S&P Global Ratings placed one of the largest global motion picture exhibitors on CreditWatch on August 7, 2020. Kansas City-based AMC Entertainment Holdings Inc. completed a distressed exchange with its consenting lenders to reduce the risk of a liquidity crisis over the next 12 months.

READ MORE: Falling, Reviving, and Surviving of Restaurants Amid COVID-19

S&P also noted its concern that the AMC theater reopening success would weigh heavily on future financial and economic conditions. Financial …

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