AMC theaters may not survive the pandemic


AMC theaters may not survive the pandemic

Sadly, due to the pandemic, movie theater giant AMC announced it may not survive the pandemic. Now to be clear, the movie business was in decline in recent years anyway, except for a renovation of theaters and more luxury seating giving it a little boost. Still, with more content being offered On Demand at home and rising ticket and concession prices, theaters in general will find it very difficult to get out of this. Think about it, the newest "Trolls" movie made more money in just 4 weeks than the first installment made in 5 weeks and that was ONLY with On Demand rentals. There's a lot to be said about streaming this new movie content into our homes and a lot of people like it better than having to go to the movie theaters. More here

Source: apnews.com

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