It is fair to say that the Covid-19 lockdowns have lasted much longer than we all initially anticipated, and for cinemas, this extended pressure on finances has led to many a sleepless night. AMC Theatres has now signed its second Coronavirus credit agreement, which its CEO says takes any talk of “imminent bankruptcy off the table.” The question, or perhaps the elephant in the room, is whether this is a temporary reprieve or just a stay of execution for AMC and cinemas in general. There is still a great deal of uncertainty with regard to whether the SVoD-based release dynamic has fundamentally changed the cinema marketplace. We covered the 2020 financials recently, where the global box office revenues declined 70%…