AMC Entertainment Q2 Revenues Plunge, Swings To The Red In “Most Challenging Quarter In 100-Year History” – CEO Adam Aron

deadline.com:

Jill Goldsmith Co-Business EditorAMC Entertainment saw revenue plunge to $18.9 billion for the second quarter ended from in June from $1.5 billion the year before as it swung to the red, no surprise for the nation’s – and world’s — largest theater chain, that saw most locations shuttered completely for the entire three months.The company posted a net loss of $561 million from a profit of $49 million the year before.“It should be no surprise to anyone that with our operations shut the world over, and almost no revenues coming in the door, this was the most challenging quarter in the 100-year history of AMC,” said CEO Adam Aron.