CNBC:

The largest movie theater chain in the world said Wednesday that it has “substantial doubt” that it can remain in business after shuttering all of its locations during the coronavirus pandemic.

“We are generating effectively no revenue,” the company said in its filing.

However, as it seeks to reopen its theater locations this summer, it has had to ramp up its cash spend. While AMC believes that it has enough of a cash reserve to resume operations this summer, or perhaps a little later, its liquidity after that point remains in question.

With so many summer blockbusters put on hold or postponed until the fall or later, it’s not looking good for movie theaters in general. Even then, how many of us want to go into a theater even half full of strangers? I know my family and I are unlikely to go to a movie theater until next year at the earliest.