A Coronavirus Disaster Story From the Movie Industry

Few stocks have been hit as hard by the coronavirus crisis as Cineworld, the world’s second-largest operator of movie theaters. Its troubles follow a script that will be played out many times and in many ways across the leisure industry in coming months.

The shares have fallen 71% since the start of last week as cases of Covid-19 have mounted in the U.S., where Cineworld owns the Regal Cinemas chain. On Thursday, investors took particular fright when the company included an auditor’s “going concern” warning in its annual results:...

maddiesboo heard This isn't going to help cineworld nor CEO Mooky Greidinger, whose family investment vehicle owns 20% of the company H/T RT_Watson 'Universal Makes Movies Now Playing in Theaters Available for Digital Rental'

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heard Yes, and 'PARASITE' was doing soooo well.

heard Netflix dreamt of it the virus did it

heard

jdirt2004 heard 4-5 months

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