This Trend Will Make It Harder for AMC Entertainment to Bounce Back
Big-screen enthusiasts like myself are thankful to see movie theaters begin to reopen. It's a resurgence that will hopefully be a lifeline for AMC Entertainment Holdings (NYSE: AMC), which was burning through $130 million per month as a result of worldwide pandemic-related closures.
Granted, there's still a long way to go before the theater industry gets anywhere near the attendance levels it counted on before the pandemic. Capacity restrictions in many locations are contributing to that delay.
But with more than 150 million doses of various coronavirus vaccines already administered and millions more promised in the next couple of months in the U.S., people are starting to show some confidence again in going out for entertainment. This is also encouraging movie studios to again start releasing what they hope will be blockbuster films after a year of pausing releases because of the pandemic.
Source Fool.com
