B. Riley FBR analyst Eric Wold in a Friday report said the second-half film release schedule should be considered "in flux" after San Francisco unveiled plans for businesses' restart following the lockdown due to the novel coronavirus pandemic that eyes cinemas to open in mid-August, which is after the currently scheduled releases of Tenet and Mulan. "While we understand that all of the exhibitors have shored up their balance sheets in recent weeks to provide additional liquidity, given the continued uncertainties around reopening timelines, capacity restrictions and moviegoer responses, we remain cautious on the pure-play exhibitors," the analyst, who recently downgraded his rating on Cinemark, concluded.