AMC Theatres could run out of money by the end of the year

A man wearing a mask walks past a boarded up an AMC movie theater at 34th Street as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City.

Illustrating how dire the situation is for the movie theater industry, the world's largest theater chain could run out of money by the end of the year.

AMC Theatres said Tuesday that its existing cash resources would be "largely depleted" by the end of 2020 or early 2021 because of the "reduced movie slate for the fourth quarter," as well as "the absence of significant increases in attendance from current levels."

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