Studios "Must Be Willing to Take a Hit" to Keep Cinema Chains From "Falling Apart": Analyst
hollywoodreporter.comB. Riley analyst Eric Wold in a Monday reportcommented on the delay of the latest James Bond film until April amid the ongoing coronavirus pandemic and what it means for the exhibition industry, arguing that Hollywood studios must take a financial hit to help out exhibitors.
The 007 movie's postponement "creates [a] two-month calendar gap," he said. "With the news late Friday that No Time to Die is being moved from November 2020 to April 2021, the already shaky near-term film slate thatwe have been concerned about since Junehas now become a virtual ghost town during the months of October and November." He also assumes that at least one of two animated films scheduled around Thanksgiving, namely Soul and The Croods: A New Age, will "move out.
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