Are You Ready To Go Back to Movie Theaters? Take Our Poll

GREENVILLE, ILLINOIS/USA - APRIL 01, 2020: Marquee on small town movie theater in the Midwest U.
Laurie A. Smith / Shutterstock.com

Movie theaters have been among the hardest-hit businesses during the pandemic.

In October 2020, Regal Cinemas announced it would close all 536 of its theaters in the country and furlough roughly 40,000 employees.

Weigh In: Are You Ready To Go Back to Movie Theaters? Take Our Poll

With uncertain reopening timelines and consumer fears for entering theaters, Warner Brothers made the controversial move to release its entire 2021 release schedule simultaneously on HBO Max and in theaters. The 17 films and their hybrid release model is estimated to cost Warner Media $1.2 billion in revenue, Variety reports.

AMC, the largest theater chain in the world, remains deepest in the red, Deadline reports, because of its high debt load and liquidity issues. Still, AMC announced recently it was able to raise $700 million in new financing, and it seems as though it will be able to survive the pandemic.

Your Opinion Matters: Would You See a Movie in a Theater? Share Your Thoughts

More From Your Money

Despite the difficult year, Wall Street seems to be bullish on theaters moving further into 2021. B. Riley Securities analyst Eric Wold stated in a note to clients that he believes pent-up demand will drive a burst of moviegoers once theaters reopen, Deadline reports.

As vaccine rates increase, this could speed up the effort and bring moviegoers to theaters more quickly than expected.

More From GOBankingRates

About the Author

Georgina Tzanetos is a former financial advisor who studied post-industrial capitalist structures at New York University. She has eight years of experience with concentrations in asset management, portfolio management, private client banking, and investment research. Georgina has written for Investopedia and WallStreetMojo. 

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.