Disney's "Black Widow" Marks an Important Win (and Loss) for Theaters
Walt Disney's (NYSE: DIS) most recent feature film, Black Widow, is a success -- the biggest box office draw since the pandemic took hold early last year. That's good news for theater chains like Cinemark Holdings (NYSE: CNK) and AMC Entertainment Holdings (NYSE: AMC). The bad news: The very same movie saw a similarly strong showing outside of the movie theater industry's reach by also being offered through at-home streaming.
Shareholders of any of these outfits can't afford to ignore the fact that both approaches clearly have their place in a post-pandemic world. One side of the table, however, has much more to lose than the other.
Scarlett Johansson in Black Widow. Image source: Walt Disney.
Source Fool.com
