AMC Entertainment Holdings Inc (AMC)

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The shorts will be feasting off this living carcass for months in 2024 . . . thestreet.com

AMC faces Chapter 11 bankruptcy risk
While Dish finds itself between two business models, as it tries to build out a 5G network, AMC Entertainment (AMC) - Get Free Report has been suffering from declining interest in its core product.

People simply got to the movies less often as domestic box office remains $2 billion below its 2019 peak. That's not something that's likely to change as fewer movies get released to theaters and companies like Walt Disney are rethinking its overall theatrical release schedule.

Corey explained the movie theater company's ongoing financial problems.

"AMC Entertainment has long been an issuer to watch as it grapples with post-pandemic challenges and faces ongoing difficulties following last year’s writers and actors strike. While the company holds a decent amount of cash for the short term, its negative free cash flow necessitates addressing its capital structure soon. Last week’s downgrade by S&P to SD from CCC+ reflects a series of debt exchanges," she shared.

The movie theater company has been kept afloat by secondary stock issues that took advantage of its time as a meme stock when its price was pushed higher as part of an online phenomenon.