AMC Theatres Boosts Liquidity, Saying It Has "Financial Runway Deep Into 2021"

Was Chinese conglomerate Wanda Group among the surprise beneficiaries of the recent retail investor frenzy that caused a spike in the stock price of movie theater giantAMC Entertainment? A U.S.-based division of Wanda converted its Class B common stock in AMC to Class A shares on Monday, Feb. 1 "in order to permit sales of its common stock," AMC revealed in a filing with the Securities and Exchange Commission on Friday.

Super Bowl ads are easily the best part of game night, and this year was no different.  During Super Bowl LV, we saw everything from a 2D Matthew McConaughey to a bizarre Oatly ad featuring one of the “worst” product jingles.

Going with the flow. Drew Barrymore revealed that her reunion with ex-husband, Tom Green, on her namesake daytime show late last year was completely unscripted.

the backlash against influencers on “work trips” in Dubai was dying down, Charlotte Crosby has shared a furious rant about those “doing normal things” in the UAE while the UK remains in lockdown.The former Geordie Shore star told fans she’s “sick” of seeing her friends in other countries living their best lives and asked why the likes of Australia and Dubai have been able to return to normality.“I’m so f--king sick of seeing all my Australian friends and people in Dubai doing normal things,” she

Also Read: Inside AMC's Wall Street Surge: A 'David Vs Goliath' Reddit BattleMKM Partners analyst Eric Handler, in a note to clients this week, added to the grim picture, saying AMC’s share price could slip down to $1 per share this year, per Marketwatch.

Luisa Zissman has claimed that more celebrities are holidaying in Dubai in secret while "pretending to be at home".The 33 year old moved to Dubai with her husband Andrew Collins and her three children last year.The Apprentice star Luisa has now told her followers that "quite a few" British celebrities are also in the United Arab Emirates city unbeknownst to their fans.

Katie Hopkins after the notorious media personality backed 'Instagram influencers' holidaying in Dubai. Scots lotto winner Jane has been in the United Arab Emirates since November last year.

Within the film world, Malta is generally known as a production hub for Hollywood blockbusters, its picturesque shores used as locations on projects ranging from Game of Thrones to Gladiator to World War Z to Robert Altman’s Popeye.

AMC Entertainment’s shares took a steep tumble Thursday, not yet a coda to the frenetic activity around the stock market fueled by users on Reddit, TikTok, Robinhood and other social media platforms.AMC’s stock was down more than 50% on Thursday afternoon, one day after it surged more than 300% and skyrocketed to $20.31 per share.

As the stock price of movie theater giant AMC Entertainment surged on Wednesday, the private equity firm Silver Lake used the volatility to its advantage. In 2018, Silver Lake,invested $600 millioninto AMC via a debt offering due in 2024.

Also Read: AMC Theatres Has Raised $917 Million to Weather 'Dark Coronavirus-Impacted Winter'The push higher for AMC’s stock has also been spurred on by the company becoming a popular “meme stock” on the Wall Street Bets Reddit forum, where investors are betting on companies like AMC that have been heavily shorted, or bet against, by large hedge funds.

Chloe Ferry has admitted she was secretly “in a bad place” before she jetted off to Dubai last month. Former Geordie Shore star Chloe, 25, flew to the UAE in December and flaunted her work trip with photos of her posing in swimwear at the sun-soaked destination.

Yesterday, AMC Theatres rejoiced as the company announced that it has secured enough funding (nearly $1 billion) to keep afloat during the pandemic and well into 2021. But that doesn’t mean the company thinks everything in the film industry is going really well right now, as more studios push films out of spring and into the second half of the year.

While AMC Theatres, Regal Cinemas, and other major theater chains were hoping that 2021 would usher in a return to “normalcy” when it comes to people heading out to the cinema to watch a film on the big screen, it’s clear that’s not happening. In fact, we’ve seen studios already announce more delays that see most major films moving to the second half of 2021, indicating that theater chains are in for another rough six months, at least.

Also Read: AMC Theatres Says It Will Be Out of Cash by Early 2021, Stock Price Plummets“Today, the sun is shining on AMC.