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National CineMedia Widens Losses as Movie Theaters Keep Doors Closed

covid-19 2020 pandemic crisis
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www.hollywoodreporter.com
hollywoodreporter.com:

In-theater advertising firm National CineMedia on Tuesday posted a widened first-quarter loss, on lower revenues, after major cinema chains in mid-March shuttered their theaters.

The company recorded a net loss of $3.7 million, or 5 cents per share, against a year-earlier loss of $1.1 million, or 1 cent per share.

Revenue for the quarter fell 16 percent to $64.7 million, against a year-earlier $76.9 million, after theater circuits in mid-March began closing their venues, which remain shuttered across the U.S. "While 2020 was off to a strong start, the COVID-19 pandemic and resulting temporary theater closures have placed unprecedented challenges on our business, and our cinema partners.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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