AMC Theaters — the world’s largest movie theater chain — has announced there is “substantial doubt” that it will be able to survive the fallout from the Covid-19 business closures and disruption to the film industry. This would impact the AMC theater in Ashburn at Loudoun Station. Officially known as the Loudoun Station 11, many locals still call it by its previous name — the Starplex.
The announcement from AMC was made in a public filing. “We are generating no revenue from admissions, food and beverage sales, or other revenue, which represent substantially all of our revenue and cash flow from operations,” the filing read.
The company could also file for bankruptcy protection and reorganize to stay in business. Much of it will depend on how long the closures last, how soon movie goers feel comfortable enough to return to theaters and when the movie studios start releasing new films again. Many major films scheduled to debut in 2020 have been postponed until later this year or sometime in 2021.
(Image at top: Google Maps)