AMC gets $917M in financing for its next act

As people rent out AMC theaters for $99, investors bet on big returns.

Feb 04, 2021 | Current events | Business
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The big screen stages a comeback

AMC stock jumped last week after the company announced it had raised $917 million in emergency financing. (Shares have since come back down to Earth.) So, how is the movie theater giant putting these funds to use? To start, they've been experimenting with letting people rent out entire theaters for...

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