AMC Theatres' Survival as We Know It Just Turned Into a Horse Race

In an announcement that didn't surprise anyone, AMC Entertainment Holdings (NYSE: AMC) -- you know it better as AMC Theatres or its Carmike Cinemas arm -- injected the always alarming "substantial doubt exists about our ability to continue as a going concern" language into Wednesday's preliminary first-quarter earnings report. Coronavirus-driven shutdowns have made an already difficult situation for the movie theater industry even worse, and it remains unclear when things might return to normal for the film business. AMC desperately needs the film business to win that war fast.