Movie fans running to the cinemas over the weekend in record numbers for an animated pic had credit ratings agency Fitch touting the box office recovery for debt-laden movie chains looking to shrug off the impact of pandemic disruption on their debt servicing, even if getting back to pre-COVID 19 crisis credit ratings won’t happen soon.
“We expect theatrical attendance will continue to recover on sequential basis, driven by increased comfort in out-of-home environments, broader film slates accessing theatrical releases, including the return of video streaming studios into the theatrical release and distribution, growing on a mid-to-low single digits throughout the rating horizon,” Fitch said in a report on Monday.
Coolio. Anyone want to help support indie films too? Either by signing up with INationNetwork or, more shameless, just buying my schlock horror films.
Stop with that narrative. People have been back in theaters for a while now, just not for 🗑️ movies
haciendomovidas
It’s all in how you read a headline. I initially thought theaters were stocking more soda.