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Warner Bros
Warner Bros. Entertainment Inc. (commonly known as Warner Bros. and abbreviated as WB), is an American diversified multinational mass media and entertainment conglomerate headquartered at the Warner Bros. Studios complex in Burbank, California, and a division of AT&T's WarnerMedia. Founded in 1923 by brothers Harry, Albert, Sam, and Jack Warner, the company established itself as a leader in the American film industry before diversifying into animation, television, and video games, and is one of the "Big Five" major American film studios, as well as a member of the Motion Picture Association (MPA).
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AMC Theatres Raises $100M, Says Warner's HBO Max Plan "Exacerbates" Challenges
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hollywoodreporter.comCinema giant AMC Theatres said on Friday that it has completed a debt offering to raise $100 million from investment firm Mudrick Capital Management LP.
In a regulatory filing, it said the Dec. 10 deal will see purchased senior notes exchanged for common stock to shore up the company's balance sheet as it faces a continuing cash burn to stay in business.
AMC,the world's largest theater chain, in its filing reiterated that it needs around $750 million to keep its theaters open in the face of the COVID-19 crisis, including rising infection rates in the U.S.
markets and major studios shifting tentpole titles online. AMC's latest risk language also warned of a possible domino effect from Warner Bros.
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