The exhibition giant’s stock was down a whopping 20% after B. Riley FBR analyst Eric Wold downgraded the holding to ‘sell’.
All three of these leading chains are taking extraordinary measure to attempt to navigate a path through the current economic crisis.
What faces the top 3 cinema chains today is not dissimilar from what the automakers faced in the last financial crisis.
The lone U.S. holdout, Ford Motor Company, held off bankruptcy but has fared less well than its competitors since.
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