‘Barbenheimer’ may have sparked euphoria, but ‘cash is very tight’ for AMC, CEO warns

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‘Barbenheimer’ may have sparked euphoria, but ‘cash is very tight’ for AMC, CEO warns
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“Barbie” and “Oppenheimer” resulted in AMC’s busiest weekend in four years

AMC Entertainment Holdings Inc. CEO Adam Aron has urged investors not to get carried away with the blockbuster opening weekend for “Barbie” and “Oppenheimer,” citing the ongoing challenges facing the movie-theater chain and meme-stock darling.

“Barbie” and “Oppenheimer,” two of the year’s most eagerly-anticipated movies, opened on July 21, sparking an internet phenomenon dubbed “Barbenheimer.” AMC’s plan to convert its AMC Preferred Equity APE units to common stock was blocked Friday when a Delaware judge rejected a settlement that would have allowed the deal to proceed. The stock-conversion plan was part of the company’s ongoing battle to eliminate debt.

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