Movie theaters became popular during the 1920s when ticket prices during a quarter. During the Great Depression, ticket prices dropped to a dime, but most of the theaters survived. Today however, the entire industry is dying. There will be a few specialty theaters that remain open, but almost every mall movie theater and mega cineplex will close forever. Let's just quickly look at the 3 largest chains:
AMC is the largest and it will run out of cash by the end of the year and then file for Chapter 11 bankruptcy. AMC's revenues are down 85% for the year. Regal Cinemas, the second largest cinema chain, will close all 536 theaters indefinitely until things return to normal (which may be never). Cinemark is in denial and claims that things are fine, but the stock market believes that it is facing similar problems to AMC and Cinemark stock dropped 10% on Oct 13. Marcus Theaters are a very distant 4th, with about 10% of the number of screens as Cinemark and about 72 locations nationwide. They have more specialty theaters like Movie Tavern, but they have "temporarily" closed 17 locations.
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