AMC says it will close 249 more US screens in 2001
Publicly traded US exhibitor AMC Entertainment is to close 249 screens this year in addition to the 66 it has already said it will close. The closures come the day after AMC reported a $63.6m net loss for the fourth quarter ending March 29 on revenue of some $290m.Losses in the year ending March 29 totalled $105.9m, reflecting an industry-wide depression which results from dramatic overbuilding and a series of bankruptcies.AMC controls 2,766 screens in about 180 sites ...
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