Movie theaters are currently on track to reopen before the end of the month in the U.S. following a months-long closure.
Industry analyst Doug Creutz of financial services company Cowen now believes that theaters will remain closed domestically until mid-2021.
It’s argued that studios are likely unwilling to risk millions by releasing blockbusters at this time.
Studios could opt to release blockbusters overseas first, with releases set later in the U.S. once that becomes possible.
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