“President Trump’s updated guidelines call for no groups bigger than 10, which could effectively close all domestic theaters, a guideline that could last until August.”. “To date, we’ve been positive on the theatrical business for the long-term, believing that studios would maintain the current window in order to take advantage of the transactional model, while moviegoers would continue to view the experience as a cheap form of out-of-home entertainment.”. Powerful mix of both trader and investor packs with timely expert advice. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Historical and current end-of-day data provided by FACTSET. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Privacy Notice and A production company may … What happens if I defer my student loans? Intraday Data provided by FACTSET and subject to terms of use. AMC and others had already announced plans to cut ticket availability. Cineplex Entertainment in … IMAX, For all investors looking to unearth stocks that are poised to move. Bank of America analysts said they are shifting to a more conservative stance on the media and cable sector in light of the spread of the virus, and named AMC as one of the most levered in its coverage universe with a debt to EBITDA ratio of 6.1 times. AMC “AMC appears to be most challenged, in our view, as the company has no material contractual revenues or business interruption insurance,” analysts led by Jessica Reif Ehrlich wrote in a note to clients. Subscriber Agreement & Terms of Use, The last time ticket sales were that low was in 2000, when $54.5 million in tickets were sold on a quiet September weekend, the AP reported, citing data from Comscore. the U.K. company that owns Regal Theaters, were down a stunning 71%. DJIA, Operations in each country is owned by separate companies. -36.15%, “As we cannot yet assess when moviegoing will return to normalcy, nor fully model out the financial impact for either company, we feel it’s best to move to the sidelines for now,” analysts led by Alexia S. Quadrani wrote in a note. -16.40% U.S.-listed shares of Cineworld Copyright © e-Eighteen.com Ltd. All rights reserved. The company said members of its Stubs A-List loyalty program will have their accounts paused while theaters are closed. AMC, Trump says he is leaving the hospital Monday night and is 'feeling really good', Amid pandemic, weekend box-office turnout is lowest in 20 years. 1+1=11.Multiply your wealth now with multibaggers from, Diamond Cutting & Jewellery & Precious Metals, Increase in Open Interest and Increase in Price, Increase in Open Interest and Decrease in Price, Decrease in Open Interest and Decrease in Price, Decrease in Open Interest and Increase in Price. the biggest cinema chain in the U.S., said late Monday it is closing all U.S. locations for six to 12 weeks starting Tuesday. was up 2% and the Dow Jones Industrial Average Read now: National CineMedia stock soars 16% as ‘lights-down’ ad strategy boosts earnings. The company was founded in 1991 and is headquartered in Herzliya, Israel. By using this site you agree to the -10.51%, Ciara Linnane is MarketWatch's investing- and corporate-news editor. “Given the unprecedented nature of the coronavirus and its ramifications with theme parks closed, cruise ships shut down for at least a month, major league and college sports suspended, TV and film production halting, film releases delayed and movie theaters likely to close the financial hit to media companies with exposure to these areas could be substantial,” said the note. Don’t miss:Consumer-facing companies will be the first hit if the coronavirus spreads across the U.S. On Tuesday, Hickey downgraded IMAX to hold from buy. The pandemic is already devastating cinema ticket sales, which fell to their lowest level since 2000 over the weekend as Americans stayed away from enclosed spaces. The move comes after the government urged Americans to restrict any gathering to no more than 10 people. Cinemark Holdings Inc. The Dubinsky brother (Barney, Maurice, and Edward) formed the company, then named Durwood Theatres, in 1920. SPX, Cinema Trusts Investments in Movies LP engages in the production and marketing of films, videos and television. American Multi-Cinema (AMC) is a theatre chain operated and owned by the AMC entertainment, and its headquarters is in Leawood, Kansas. American Multi-Cinema Theatres. or medium without express writtern permission of moneycontrol.com is prohibited. +1.47% Receipts totaled about $55.3 million in U.S. and Canada theaters, according to studio estimates Sunday reported by the Associated Press. was down 7% and cinema advertising network operator National CineMedia Inc. Regal Theaters, which is part of the U.K.’s Cineworld and is the second-biggest cinema chain in the U.S., made the same decision, saying it will shutter its cinemas for the foreseeable future. Shares of cinema operators tumbled anew Tuesday, as federal agencies and local governments announced further restrictions on the number of people allowed to gather in one place as they work to contain the coronavirus that causes COVID-19. did not respond to a request for comment. “We are ever so disappointed for our moviegoing guests and for our employee teams that the new CDC guidelines that Americans should not gather in groups larger than 10 people make it impossible to open our theatres,” AMC Chief Executive Adam Aron said in a statement. CNK | Complete Cinemark Holdings Inc. stock news by MarketWatch. President Donald Trump, who recently tested positive for the coronavirus, is now being treated with dexamethasone, a type of steroid that is often used to treat severely ill COVID-19 patients. This is a list of film production and distribution companies. Copyright © 2020 MarketWatch, Inc. All rights reserved. was down 0.5%. -2.48% Copyright © e-Eighteen.com Ltd All rights resderved.

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