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AMC, the largest movie exhibitor in North America, said in a regulatory filing Tuesday that given its current cash burn-rate, its existing resources may run out by year's end.

Why it matters: The theater chain warned investors in July that it may not survive the pandemic. The company reopened most of its theaters in August, but with studios delaying major blockbusters, attendance has been abysmal.

Details: While AMC has reopened most of its U.S. theaters, it says it's operating most at 20% to 40% of seating capacity.

  • As of October 9, the company resumed operations at 494 of its 598 theaters. Since then, AMC says it has only sold about 2.2 million tickets — an 85% decline from this time last year.
  • For the remaining theaters that have yet to reopen in states including California, New York, Maryland and Washington, AMC says the company is in touch with local governments, but it remains unclear when reopening will happen.

Be smart: AMC says it has two options moving forward: Borrow more cash or sell more tickets, neither of which will be easy.

  • Most Hollywood studios have moved their blockbusters off the release schedule for the remainder of the year and well into 2021.
  • To boost cash flow, the company says it's exploring a few options, including further negotiations with landlords regarding lease payments, striking joint use agreements with business partners and even potential asset sales.
  • But the theater chain warned that even these options come with risk, and they may not be enough to provide the company with the liquidity it needs to survive the pandemic long-term.

The big picture: The movie industry has been crushed by the pandemic and recent events suggest it's not going to get better any time soon.

  • Cineworld, the parent company of Regal Cinemas, las week said it would temporarily close all of its 663 theaters in the U.S. and the U.K.
  • In doing so, it noted that movie studios weren't sending enough of its biggest films to theaters to lure consumers.
  • Several movie delays have been announced over the past several weeks, including MGM's latest James Bond movie, Warner Bros. "Dunes" and "Wonder Woman 1984."

What's next: AMC says for now it remains committed to staying open.

Go deeper: Movie industry in shambles for foreseeable future

Transcripts show George Floyd told police "I can't breathe" over 20 times

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Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

The state of play: The transcripts were released as former officer Thomas Lane seeks to have the charges that he aided in Floyd's death thrown out in court, per the Times. He is one of four officers who have been charged.

  • The filings also include a 60-page transcript of an interview with Lane. He said he "felt maybe that something was going on" when asked if he believed that Floyd was having a medical emergency at the time.

What the transcripts say:

  • Floyd told the officers he was claustrophobic as they tried to get him into the squad car.
  • The transcripts also show Floyd saying, "Momma, I love you. Tell my kids I love them. I'm dead."
  • Former officer Derek Chauvin, who had his knee on Floyd's neck for over eight minutes, told Floyd, "Then stop talking, stop yelling, it takes a heck of a lot of oxygen to talk."

Read the transcripts via DocumentCloud.