Movie theater chain AMC warned Wednesday that it may not survive the coronavirus pandemic, which has shuttered its theaters and led film studios to explore releasing more movies directly to viewers over the internet.
The company said that even when local governments allow theaters to reopen, AMC may still have problems if entertainment companies delay releasing new films.
Theater chains are also concerned that film studios could push more movies straight to the streaming services that they own.
AMC, a publicly traded company controlled by Chinese conglomerate Dalian Wanda, has 1,000 theaters in the U.S. and Europe.
Cinemark, another major movie chain, plans to begin reopening U.S. movie theaters on June 19.
