Question
Nowadays, AMC, the largest American movie theater chain in the world, has almost been out of business. There are two main reasons that AMC is
Nowadays, AMC, the largest American movie theater chain in the world, has almost been out of business. There are two main reasons that AMC is getting out of business. The first one is the pandemic. Since the pandemic hits, people are more likely to stay home instead of going outside to do activities including watching movies in the theater. Some of the theater was pushed to bankruptcy already, but according to Khristopher, the author of CBS News, AMC has a $917 million infusion in cash, so that made them survive from during the pandemic. AMC has been trying to limit seating to 50% capacity in order to keep moviegoers socially distanced from one another. The second reason is streaming TV service. Since many streaming TV services have been popular before the pandemic, the revenue of AMC theater has dropped because it is a lot easier to watch movies from the house instead of going to a theater. Provide a detail plan on how AMC can overcome these two problems of the pandemic and streaming services, provide two references.
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