Business & Tech
AMC Theatres: Avenue Forsyth Location Could Close
The movie theater chain said Wednesday it may not survive the coronavirus pandemic.
CUMMING, GA — AMC Theatres said Wednesday it has “substantial doubt” the company can remain in business after the coronavirus pandemic forced the closure of all of its locations.
In a regulatory filing, AMC officials said the company is generating “effectively no revenue.”
There is one location in Forsyth County at AMC Avenue Forsyth 12, 350 Peachtree Pkwy Cumming, Georgia 30041.
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All AMC locations are closed through June, and the company said it has enough money to reopen theaters this summer. However, if not allowed to reopen, the company said, it may be unable to borrow the funds needed to continue operating.
Even when theaters are allowed to reopen, AMC predicts it will still have problems should entertainment companies decide to delay the release of new films.
Find out what's happening in Cummingfor free with the latest updates from Patch.
AMC has 1,000 locations across the globe, with more than 11,000 screens, according to its website.
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