Paramount cinema billboard: covid-19 "intermission". Photo by Nick Bolton on Unsplash

US cinema stocks tank after another disappointing weekend

Investor faith in movie theaters rebounding during the coronavirus pandemic is waning. On Monday, shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office. AMC shares tumbled 7% Monday, bringing its market value to about $575 million, according to data from FactSet. Its stock is down more than 27% since the start of the year. KEY POINTS: Shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office. Over the weekend, the North American ticket sales were an estimated $13.2 million. During…

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Near-empty mall. Photo by Herry Sutanto on Unsplash

25% of U.S. shopping centres are expected to shut within 5 years…

… giving them a new life won’t be easy. KEY POINTS Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years. The coronavirus pandemic has accelerated a demise that was already underway. “Just because retail space has gone vacant or remained fallow does not mean that it is automatically a good candidate for repurposing into industrial space,” Moody’s Analytics real estate analyst Victor Calanog said. According to data pulled by Moody’s Analytics REIS, apartment development in the U.S. is expected to be…

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Cinemark loigo

Cinemark offers a vision of post-lockdown cinemagoing

Cinemark, the third-largest movie theater chain in the U.S., hopes to reopen at least some of its doors to the public in July. With no major movie release until mid-July, theaters could play “library” movies, which are movies that have already previously been released in cinemas, for several weeks. If social distancing restrictions are still in place the company said it would either sell every other reserved seat in the theater or suspend reservations and just sell 50% of the tickets per theater.     Cinemark, the third-largest movie theater chain…

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