analysts to trim their financial estimates and price targets for several companies, though they did not lower their ratings. Eric Handler of MKM Partners still rates Cinemark a “buy” but shaved $3 off his 12-month price target of $15. AMC is a “neutral” for Handler, but he cut his 2020 revenue estimate nearly in half, to $1.255.6 billion from $2.215.3 billion.
Netflix, seen as a force of destruction for theaters, could wind up playing a key role in tiding them over until a full U.S. recovery from the pandemic can begin, the analyst suggested. The streaming giant has remained at odds with major theater circuits, which have bannedand other broad-appeal films given Netflix’s insistence on a reduction in the customary exclusive theatrical window of 11 weeks.
“I would rather that blockbuster movies be out now rather than be delayed,” Aron continued. “We are in the new-car business and there have not been a lot of new cares on the showroom floor… We do need blockbuster movies.”
As a New Yorker, NYGovCuomo has done an amazing job getting Covid under control here. But there is absolutely no reason Movie Theaters shouldn’t be allowed to reopen when gyms were deemed “safe” well over a month ago
Of course they do but this should have been part of the relaunch strategy the industry should have worked over the months movie theatres were closed not now
The mob AMC borrowed money from will be breaking some theater kneecaps soon.
Disney UniversalPics Sony ParamountPics wbpictures MGM_Studios These are your films at risk, if they current movie industry way is to continue, then you need to help, it's up to you to SaveMovieTheaters
Free popcorn and hotdogs 🤷🏼♂️. No brainer! backtothetheatres openthecinemas
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