Entertainment
Exhibitors Stock Plummets Follows Closures – Dark Horizons
Following Cineworld announcing that it was temporarily closing its U.K. locations and the U.S. venues it operates through its Regal Cinemas subsidiary, the news…
Following Cineworld announcing that it was temporarily closing its U.K. locations and the U.S. venues it operates through its Regal Cinemas subsidiary, the news has hit the stock market hard.
Shares of Cineworld plunged more than 40% on Monday, while rival AMC Cinemas saw its share price drop roughly 11% as markets opened. Other exhibitors also suffered from an industry-wide selloff including Cinemark falling nearly 13%, Marcus down roughly 8%, National Cinemedia falling over 9%, and IMAX dropp…
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