Theater Circuit Stocks Keep Sliding As Movie Summer Recedes Into Distance

it could shift later. But the COVID-19 trends have worsened considerably since AMC, Regal, Cinemark and other circuits all announced plans to reopen in the first half of July., which is directed by Christopher Nolan, an outspoken advocate for the theatrical moviegoing experience, was initially set for July 17 and then got pushed to July 31 before the latest move.

Wold said “continued flux” around release schedules for the second half of the year is keeping him “on the sidelines,” with neutral ratings on AMC, Cinemark and Marcus. Liquidity, which had been a short-term crisis as COVID-19 first hit the U.S. in March and early April, will once again be a threat, especially for AMC. The highly leveraged No.

The analyst pointed out the unique challenges faced by theaters. “Although one could argue that exhibitors and regional theme park operators are somewhat in the same boat and face the same issues around reopening timelines, physical distancing protocols, capacity limitations, and increased cleaning requirements,” he wrote, “we have argued that the risks for the exhibitors in this environment go one step further—in that they do not control their own destiny with content.

Wold noted that he has a “buy” rating on the stocks of theme-park companies like Six Flags, Cedar Fair and SeaWorld. Those firms “can essentially open the gates when they are given the green light by state and local officials and own the rides and attractions that draw the guests,” Wold wrote, while exhibitors “can only do the same if there is quality film content for their screens.

New York, LA and San Francisco, the three biggest movie markets, remain the most problematic. Earlier this week, New York Gov. Andrew Cuomo

Cinemark and Marcus are in better shape as didn't overstretch as much as AMC and Cineworld, both trying to outdo the other to be the biggest global exhibitor which put them at risk before shutdown

No shit.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Movie Theater Reopening Plans Face New Uncertainty Amid COVID-19 Case RiseA new wave of delays of film releases has put pressure on exhibition stocks again and brought new uncertainty no shit We are never zipping anybody 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
Source: THR - 🏆 411. / 53 Read more »

New York Postpones Reopenings of Malls, Movie Theaters and GymsNew York state will delay plans to reopen shopping malls, gyms and movie theaters that were shuttered in March because of the coronavirus pandemic, Gov. Andrew Cuomo said. Smart to think it out carefully, after all the sacrifices of isolation masks and social distancing for 3 + months ...before opening malls. Would be interesting to know what data on indoor transmission they're reviewing.
Source: WSJ - 🏆 98. / 63 Read more »

Spike Lee to Hold 'Do The Right Thing' Live Conversation With AFI Movie ClubAmerican Film Institute’s movie selection of the week is streaming for free across multiple platforms
Source: RollingStone - 🏆 483. / 51 Read more »

Elizabeth Banks to Play Ms. Frizzle in ‘Magic School Bus’ Live-Action MovieElizabeth Banks has come aboard Universal’s “The Magic School Bus” live-action movie adaptation to play the intrepid teacher Ms. Frizzle. “The Magic School Bus,” based… quick fix good job lol Boooo This was made for Tracie Ellis Ross
Source: Variety - 🏆 108. / 63 Read more »

Disney Is Changing The Splash Mountain Ride Because It's Based On A Racist MovieThe ride will be reimagined as a tribute to the film The Princess and the Frog. 😑 The Princess and the Frog is a great movie and deserves its own ride – and Splash Mountain will be a lot better now.
Source: BuzzFeed - 🏆 730. / 51 Read more »

25 More Movie Ending Scenes That Deserve An Academy Award All On Their OwnStrong start, stronger finish. Inception! C'mon, how is it not on this list!
Source: BuzzFeed - 🏆 730. / 51 Read more »