Cineplex convertible | Page 2 | General financial discussion | Discussion forum

Cineplex just announced a 95% reduction in revenue! (makes one wonder where they still earned the 5%).

Pundits on CTV News are saying that cinemas might recover by the end of 2021, if a vaccine is found. Otherwise, people may just use streaming services at home.

I will certainly not be investing in anything relating to cinemas at this point.

Yet another reason to avoid cinema related stocks, as this is announced today:

"Regal Cinemas likely to shutter U.S. theaters

The second-largest cinema chain in America is poised to shutter all its 500 U.S. locations after reopening less than two months ago due to pandemic pressures that have forced a cascade of postponements of big-budget films, most recently the new James Bond flick starring Daniel Craig. Ex-U.S. theaters have fared better. Tenet, for example, has grossed ~$244M internationally according to Box Office Mojo. Parent Cineworld (OTCPK:CNNWF, OTC:CNWGY) reported a 70% plunge in H1 revenue to $712.4M."

One doesn't need cinemas to stream content. All the 'bigger' streaming services are generating cultural content. The bigger dilemma for us here is going out to a movie theatre was kind of a nice treat and change from all the streaming stuff, 65 inch flat screens and sound systems notwithstanding. But we'll get over it.