Business & Tech
AMC Theatres: This Schaumburg Location Could Close
The movie theater chain said Wednesday it may not survive the coronavirus pandemic.
SCHAUMBURG, 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."
Schaumburg has one AMC Theatres location.
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.
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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.
AMC has 1,000 locations across the globe, with more than 11,000 screens, according to its website.
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Related: AMC Theatres: Mount Prospect Location Could Close
In Schaumburg, AMC Streets of Woodfield 20 is located at 601 N. Martingale Road, Suite 105.
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