All Access Digital offer for just 99 cents! "I am not optimistic about the current state of the theatrical experience," said John Sloss, founder of Cinetic Media, a film financing and distribution company. The chain's theaters have been closed since mid-March as a result of the coronavirus pandemic. In late March, like many businesses, the film industry entered a period of forced hibernation as the U.S. went into lockdown to stem the coronavirus pandemic. There are fears that MGM's new James Bond film, "No Time to Die," and Pixar's "Soul," which both debut on Nov. 20, could be the next films whose debuts are altered. In 2019, the domestic box office garnered $11.4 billion in ticket sales, the second-highest haul in industry history. But for now, these films offer hope for Hollywood studios and movie theaters. Movie theaters are among a host of sectors that do not have a clear path to recovery.
I have over 20 years of experience in the entertainment business and am the Founder and CEO of Scout 53 Entertainment Consulting, which provides global entertainment business analysis, content distribution and revenue generation opportunities for cinemas, producers and in-theatre tech entities. All Rights reserved. Cinemark Terms & Conditions. A number of Baltimore-area movie theatres will reopen this week with new safety protocols in place due to the coronavirus. Cinemark executives on the earnings call trumpeted the company’s liquidity position and discussed in detail the steps the circuit is taking to keep employees and patrons safe once theaters open. Cinemark COVID-19 Updates. As exclusively reported by The Post, AMC is in talks to hire bankruptcy law firm Weil Gotshal & Manges to explore a potential Chapter 11 filing. What’s going on: Cinemark will stop showing movies at all theaters on Wednesday. However, the outlook for cinema chains such as Cinemark for the remainder of 2020 remains muddy as few in the industry are quite certain as to how amenable moviegoers will be to return to cinemas. A Division of NBCUniversal. These Terms and Conditions govern use of the Cinemark website, the Cinemark mobile app and the Cinemark Movie Rewards Program. Movie theater stocks have taken a massive hit over the last nine months. "The closer we get to a vaccine, the easier the decision to delay into early next year, or at least later this year. While five Cinemark multiplexes remain open in the Dallas-Fort Worth, TX area, the chain rescheduled its reopening plans this morning as many big exhibitors have done so recently given studios’ delaying their big theatrical releases like Unhinged, Broken Hearts Gallery, Tenet, Mulan etc.
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