What happened Shares of AMC Entertainment (NYSE: AMC) have fallen today, down by 6% as of 1:15 p.m. EST, as investors continued to fret about the decision by AT&T's (NYSE: T) WarnerMedia segment to stream Warner Bros. movies in 2021 simultaneously alongside theatrical debuts. AMC also filed a shelf registration statement with the Securities and Exchange Commission that will allow it to raise cash. So what Warner Bros. said yesterday that it would adopt a new hybrid distribution model in response to the pandemic. The company plans to release its 2021 lineup, which will include a Suicide Squad sequel and Dune, on HBO Max. I got you something ✨nice✨ this year:🎁 The biggest movie premieres🎁 In theaters and on HBO Max the exact same day🎁 Beginning December 25 with https://twitter.com/hashtag/WonderWoman1984?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");https://twitter.com/hashtag/HBOMax?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); https://twitter.com/hashtag/WBPictures?src=hash&ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");https://t.co/QA8MlErRYQ pic.twitter.com/VuYkTa6BGx — Warner Bros. Pictures (@wbpictures) https://twitter.com/wbpictures/status/1334570201610735617?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); In response, AMC Entertainment CEO Adam Aron released a blistering statement (via The Hollywood Reporter), vowing to "aggressively pursue economic terms that preserve our business." Aron further criticized the move in light of progress being made with COVID-19 vaccines, which should help the retail theater industry recover. He said that Warner Bros. would be sacrificing profitability in order to "subsidize its HBO Max start-up." Image source: Getty Images. Now what AMC had warned in October that it could run out of cash as early as the end of 2020 or early 2021. Revenue has dried up due to the pandemic, with sales falling 91% in the third quarter. The shelf registration statement will allow AMC to sell 200 million shares, raising up to $844 million that could potentially serve as a financial lifeline. 10 stocks we like better than AMC Entertainment HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and AMC Entertainment Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source