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The movie theater chain AMC shifts from survival mode to managing a growing number of new films.

AMC Entertainment CEO Adam Aron said he is optimistic about the rapid rebound of the film industry. With 950 theatres and 10,500 screens across the globe, the Kansas-based theater company said that after closing the books in 2020 with a $4.5 billion net loss, it is sitting on over $1 billion in cash. “Doomsayers wrote us off several times during the last 10 months, and many strongly doubted our ability to raise the necessary capital to survive absent a court-sanctioned restructuring. But happily, they were wrong,” he said.

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