Cinemark Doesn't Want to Follow AMC's Movie Release Deal
The coronavirus pandemic is changing the way people do many things, from shopping to playing sports. While many of the new behaviors may disappear once COVID-19 does, some of them seem to be part of a new normal.
One of the trends that may stick around is home movie streaming. Companies such as Netflix (NASDAQ: NFLX) and Walt Disney (NYSE: DIS) had seen success with their streaming even before COVID-19 kept people at home and out of theaters, but theater closures certainly didn't hurt. Theater companies, however, have been crushed by the pandemic, and may continue to struggle even once they open as filmgoers have become quite comfortable watching at home.
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Source Fool.com