Business & Tech
AMC Theatres: LITH Location Could Close
The movie theater chain said Wednesday it may not survive the coronavirus pandemic.
LAKE IN THE HILLS, IL — 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.”
All AMC locations, including the theater at 311 N. Randall Road in Lake in the Hills, 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 Algonquin-Lake In The Hillsfor 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.
Other AMC theatres are located nearby at 175 Studio Drive, South Barrington; 601 Martingale Road, Suite 105, Schaumburg; and 675 Hawthorn Center, Vernon Hills.
Find out what's happening in Algonquin-Lake In The Hillsfor free with the latest updates from Patch.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.