Magic Johnson used to own movie theaters—now, 'I don't know how they come back.' (via CNBCMakeIt)
Johnson went on to open five more theaters in urban areas like Atlanta, Houston, Cleveland and New York City's Harlem.
Businessman Richard Riordan, US Councilman Mark Ridley-Thomas and ex-Lakers player Magic Johnson pose with a giant movie ticket June 29, 1995 in Los Angeles.The theaters meant something to people in those communities. At the theaters targeted to Black audiences, "[t]here was an appreciation for my movie dollar," Oscar Turner, founder of Gallery Road Productions told, according to the Los Angeles Times.
But now, amid the Covid-19 pandemic and social distancing measures, Johnson is worried about the future of movie theaters. Since March, major movie theater chains like AMC Theatres and Regal Cinemas have been closed due to the pandemic. But on Tuesday,
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