might spark takeovers of movie chains by big studios or streamers. As AMC Entertainment teeters on the brink of bankruptcy, it’s likely that the sector will see some M&A and that screen counts will dip. But Wall Street is pretty confident that theatergoing will resume in force once people feel safe about it. Imax weathered the downturn the best of the group as its large-format screens held up and are likely to continue grabbing share of ticket sales in 2021.
Outliers also made waves. Fubo had an IPO in October, and shares of the sports-centric streaming service soared on subscriber growth and speculation it was considering streaming some sports events exclusively. It headed back to Earth recently, including a plop on New Year’s Eve, but still ended way up for the year as a battle rages around it with vying analyst buy and sell ratings.
Netflix, the honorary “N” in the FAANG group , bridges tech and entertainment. Its users soared in the first half, it pushed throughand it continues to lead the field as the service to beat while it churns out fresh content to global audiences.
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