Movie Theater Reopening Plans Face New Uncertainty Amid COVID-19 Case Rise

While some may think this could mean a buying opportunity for depressed stocks, Wall Street observers are actually recommending few sector stocks to investors until the dust settles further.

This is where Imax's "highly variable operating cost" structure stands out, Wold explained, saying that he projects "cash visibility of nearly two years ... even under a zero-revenue environment." Pachter added: "The potential for prolonged theater closures and an uncertain consumer environment as the economy re-opens present a difficult challenge for Cinemark to navigate," but highlighted that the firm's management "has demonstrated that it can withstand closures and/or low utilization until early 2021."

Continued shifts in the release schedule are something analysts are keeping a close eye on. "Infections are up, the curve is inflecting upward instead of flattening, and a rollback of reopenings is likely," Pachter tells about the current virus pandemic trends in the U.S. "I don’t see the studios behaving irresponsibly by releasing films with no chance of an audience."from Aug. 14 to Oct. 2 andfrom November to May 2021.

After Dr. Anthony Fauci stresses Americans' 'societal responsibility' 'If we don't extinguish the outbreak, sooner or later, even (states) that are doing well are going to be vulnerable to the spread'.. it's time to move on from summer and look to October reopening of cinema

We are never zipping anybody

no shit

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