MKM Partners' Eric Handler now expects a"near-70 percent decline compared to our prior view for a 55 percent-60 percent decrease" for the year.
"The near-term outlook for exhibition related stocks remains extremely clouded given the uncertainty about when theaters will be able to re-open with new Hollywood content," he wrote. "We place a low likelihood ofopening on Aug. 12 given a rising number of COVID-19 cases in key areas, such as California, Texas and Florida, along with the slowed re-opening of the New York City economy.
Internationally, the analyst said that "while Europe appears to be in a better position than the U.S. regarding the pandemic, we doubt the region will have any meaningful new content to show at re-opened theaters until North America is back on line." As a result, he sees Europe's box office results mirroring the domestic performance. "Latin America, with its high level of COVID-19 cases seems to be further behind an eventual North American re-opening," he added.
"Beyond this year, we do believe there is pent up demand for consumers to get out of their houses for entertainment although the ramp up in attendance will likely be gradual," he concluded. "We project domestic box office revenue of $9.1 billion in 2021 and a 'back to normal' level of $11.5 billion in 2022."
MKM analyst saying this a 1 dollar is scummy
anubhavsinha Soon we will copy this
The scheme everyone needs to know...
Yea right
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pacific-12 Conference cuts non-league games this fall in latest coronavirus setback for sportsThe Pacific-12 Conference has eliminated non-league football games for the upcoming season, marking the latest sports casualty of the raging coronavirus pandemic. So, these students will be in close contact with other students breathing hard without masks? I'll help 70 people to earn $5000 in 3hours. Remember to pay me 10% of your profits after receiving your funds. No referrals needed, ask me How 7/10/20 Florida Covid-19 statistics: Total tested 3,029,149: positive-250,984-8.29%; deaths-4,197-.14% of tested: deaths-0-24 yrs.-12; 25-34 yrs.-23; 35-64 yrs.-16%; 65+yrs.-83%. White deaths-68%; Black deaths-21%. Open up everything, especialy schools & colleges realDonaldTrump
Source: NBCNews - 🏆 10. / 86 Read more »
OPEC and allies set to ease oil output cuts, anticipating demand recoveryAn alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. Make sure you watch this video. Market this video. Sign in NYC in 2023 Apple declares bankruptcy, all stores closed for covid-19, covid-23 and covid-27. Support for iPhones discontinued.
Source: MarketWatch - 🏆 3. / 97 Read more »
2NE1's 7 Best Deep Cuts | BillboardThese are 2NE1's best deep cuts. yes BILLBOARD GIVING 2NE1 REPRESENTATION WE LOVE TO SEE
Source: billboard - 🏆 112. / 63 Read more »
WSJ News Exclusive | OPEC, Allies Set to Ease Oil Cuts, Seeing Pandemic RecoveryAn alliance of crude producers led by Saudi Arabia is pushing OPEC and its allies to increase oil production starting in August, officials in the group said, amid signs that demand is returning to normal levels following coronavirus-related lockdowns. No no no. wait ten minutes! interesting climate data acquired Too early to make such a decision. Economies are still reeling from the impact of the pandemic. Even with restrictions being lifted, the path to demand recovery is a long one. Shale is no longer the threat it used to be given the challenges it is facing domestically.
Source: WSJ - 🏆 98. / 63 Read more »
Tesla cuts price of Model Y SUV by $3,000, Electrek saysU.S. electric carmaker Tesla Inc reduced the price of its sports utility vehicle Model Y by $3,000, Electrek https://bit.ly/327OJoV reported on Saturday. You couldn’t give me a Tesla for free! They are a fire 🔥 waiting to happen. Fuck elonmusk and his crappy cars. The guy is a weirdo big time. Creepy AF. 🤔 cool, now I can buy it
Source: Reuters - 🏆 2. / 97 Read more »
Hot Property | Matthew Perry cuts price on 'mansion in the sky'Matthew Perry of 'Friends' has given his Century City penthouse an $8-million price cut. Just stay there Nobody cares. Delta Dawn?
Source: latimes - 🏆 11. / 82 Read more »