AMC's Debt Hinders Revival
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•AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
75% Informative
The domestic box office is on the rebound, but AMC 's debt load is preventing it from fully capitalizing on the revival.
The company operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal .
By the time the pandemic shuttered theaters and shut down Hollywood , AMC was already $5 billion in the red.
AMC is set to invest between $1 billion and $1.5 billion over the next four to seven years to enhance its theaters in the U.S. and Europe .
More than half of next year's releases are tied to existing movie franchises or intellectual properties.
AMC has traditionally turned to issuing more shares to raise cash.
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