Brent Lang Executive Editor of Film and MediaIt’s a bad day to be a movie theater.Warner Bros.’ announcement on Thursday that it will release its entire 2021 movie slate on HBO Max at the same time the films open in cinemas sent exhibition industry stocks tumbling.Cinemark fell more than 21%, Imax slid more than 7.3% and the Marcus Corporation fell more than 11%.
AMC started out the day with its stock being pummeled after it announced it was selling 200 million shares in a bid to raise $844 million and improve its liquidity.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.