The Hidden Loser in AMC Entertainment's Collapse
The movie theater industry is vanishing before our eyes.
Even before the coronavirus pandemic, theaters were struggling amid improving home entertainment options like video streaming, high-tech mobile devices, and cheap big-screen TVs. But the pandemic now threatens to crush the industry in a way that few other events could have.
After reopening theaters in August, Cineworld Group (LSE: CINE) (OTC: CNNW.F) subsidiary Regal Cinemas, the nation's No. 2 chain, said it would temporarily close all 536 of its theaters earlier this month, a reflection of lackluster demand and studio releases repeatedly being delayed until audiences feel comfortable crowding into a movie theater again.
Source Fool.com
