Is an Outdated Business Model a Bigger Risk Than COVID-19 for AMC Entertainment Stock?

Anders Bylund, The Motley Fool
·3-min read
Is an Outdated Business Model a Bigger Risk Than COVID-19 for AMC Entertainment Stock?
Is an Outdated Business Model a Bigger Risk Than COVID-19 for AMC Entertainment Stock?

Movie-theater operator AMC Entertainment Holdings (NYSE: AMC) is teetering on the edge of bankruptcy in 2020. It's easy to point a finger at the health crisis as the root cause of AMC's financial trouble, but the real reason behind the company's impending doom actually started many years ago. Once upon a time, AMC Theatres was an innovative force in the movie industry.