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Eric Wold Coronavirus film pandemic reports Eric Wold

Movie Theater Analyst On Reopening Plans: "Perfect Date May Never Arrive"

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

B. Riley FBR analyst Eric Wold in a Wednesday report lowered his stock price targets for movie theater operators and projected that the 2021 box office would fall about 20 percent below 2019 levels – when the domestic haul reached $11.4 billion and global revenue hit $42.5 billion, following the novel coronavirus pandemic.

He also argued that a gradual opening of cinemas, starting in markets where that is possible, could "bolster sentiment" amid investors.

Wold cut his stock price target on AMC Theatres from $5 to $4,Cinemark Holdings from $16 to $14, and ImaxCorp. from $19 to $18, with his target on cinema advertising firm National CineMedia dropping from $6 to $4.50.

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Eric Wold Coronavirus film pandemic reports
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