Why Theater Chains Are Tanking
The box office was down only 4.3% from last year, but major movie-theater chains, like AMC (NYSE: AMC) and Cinemark (NYSE: CNK), are down huge double-digit percentages.
In this clip from Industry Focus: Consumer Goods, host Vincent Shen and contributor Asit Sharma discuss how badly AMC, Cinemark, and Regal Cinemas (NYSE: RGC) are doing, why the companies have been struggling as much as they have, why the market might be overreacting to the down trends in ticket sales by selling out of these companies so drastically, and why the movie industry probably still has a long life ahead of it.
A full transcript follows the video.
Source: Fool.com
