CNWGY - Cineworld preparing to file for bankruptcy within weeks: report

"At AMC, as we have publicly disclosed previously, the film slate in the third quarter of 2022 is expected to be relatively weak," he said. "However, we continue to be quite optimistic about the increasing demand for our portfolio of movie theaters in the fourth quarter of 2022 and calendar year 2023.”

"As for AMC’s liquidity, AMC ended the second quarter of 2022 with more than $1B," he added, pointing to "significant" cash raises in 2020 and 2021.

The new preferred security, with a ticker "APE," a nod to retail traders on Reddit, "should also make us a much stronger company," Aron explained.

Movie theaters are expected to see sluggish performance due to the limited film slate that's expected to continue until November .

For further details see: