AMC Theaters was told that they must still pay rent even whilst the theaters are shut. A message was sent to AMC Theaters by Palm Springs Miles shopping center, which has filed a $7.5 million dollar lawsuit against the cinema owner for nonpayment of $52,153 April rent.
“The Landlord recognizes the challenges posed by COVID-19, including on its own business,” the lawsuit stated. “Under the express terms and provisions of the Lease and Guaranty, however, [the] defendant is obligated to pay rent and that obligation is not excused.”
AMC has furloughed all its corporate employees and announced a $500 million bond offering that would allow it to avoid bankruptcy.
