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Movie Theater Reopening Plans Face New Uncertainty Amid COVID-19 Case Rise

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www.hollywoodreporter.com
hollywoodreporter.com:

Cinema giants’ stocks just can’t seem to catch a break this year. Disappointing movies early in the year were followed by the shutdown of circuits due to the novel coronavirus pandemic, resulting release delays, liquidity concerns and a premium VOD dispute with Universal Pictures.

Despite a controversy about face mask requirements, things seemed to be looking up when the big exhibitors last week detailed their reopening plans for July.

But now a new wave of delays of film releases due to a surge in COVID-19 cases has put pressure on exhibition stocks again and brought new uncertainty.

On Thursday, Warner Bros.' pushed Tenet from July 31 to Aug. 12, while Disney's Mulan is expected to give up its July 24 release date.

Read more on hollywoodreporter.com
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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
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Cases: 34 321 025
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Brazil
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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