AMC Entertainment, the nation’s largest exhibitor, took a moment off its throwdown with Universal to file with the SEC that it’s delaying some key financial reports due to circumstances…
to file with the SEC that it’s delaying some key financial reports due to circumstances related to the COVID-19 pandemic which have shuttered its theaters worldwide.“COVID-19 has created substantial disruption in the Company’s operations including the suspension of all theatre operations worldwide resulting in the cessation of essentially all revenues.
As a result, all corporate-level employees have been either fully or partially furloughed, significantly limiting the resources available to prepare the Delayed Filings. Furthermore, to the extent corporate-level employees continue to work, they are required to do so from their homes due to local governmental orders which has decreased efficiency in fulfilling the tasks necessary to complete the Delayed Filings,” the company said.
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