722077--6/15/2010--AMC_ENTERTAINMENT

related topics

{capital, credit, financial}

{debt, indebtedness, cash}

{competitive, industry, competition}

{acquisition, growth, future}

{cost, regulation, environmental}

{operation, international, foreign}

{control, financial, internal}

{gas, price, oil}

{personnel, key, retain}

{customer, product, revenue}

{investment, property, distribution}

{tax, income, asset}

{property, intellectual, protect}

Risks Related to Our Business Our substantial debt could adversely affect our operations and prevent us from satisfying those debt obligations. We have had significant financial losses in recent years. We face significant competition for new theatre sites, and we may not be able to build or acquire theatres on terms favorable to us. Acquiring or expanding existing circuits and theatres may require additional financing, and we cannot be certain that we will be able to obtain new financing on favorable terms, or at all. We may be reviewed by antitrust authorities in connection with acquisition opportunities that would increase our number of theatres in markets where we have a leading market share. The agreements governing our indebtedness contain covenants that may limit our ability to take advantage of certain business opportunities advantageous to us. We may not generate sufficient cash flow from our theatre acquisitions to service our indebtedness. If our cash flows prove inadequate to service our debt and provide for our other obligations, we may be required to refinance all or a portion of our existing debt or future debt at terms unfavorable to us. Our investment in and revenues from NCM may be negatively impacted by the competitive environment in which NCM operates. We may suffer future impairment losses and lease termination charges. Our international and Canadian operations are subject to fluctuating currency values. We must comply with the ADA, which could entail significant cost. We are party to significant litigation. We may be subject to liability under environmental laws and regulations. We may not be able to generate additional ancillary revenues. If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results. We depend on key personnel for our current and future performance. Risks Related to Our Industry We have no control over distributors of the films and our business may be adversely affected if our access to motion pictures is limited or delayed. We depend on motion picture production and performance. We are subject, at times, to intense competition. Industry-wide screen growth has affected and may continue to affect the performance of some of our theatres. An increase in the use of alternative film delivery methods or other forms of entertainment may drive down our attendance and limit our ticket prices. Our results of operations may be impacted by shrinking video release windows. Development of digital technology may increase our capital expenses. General political, social and economic conditions can reduce our attendance.

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722077--6/15/2010--AMC_ENTERTAINMENT_INC