Why Movie Theaters Are In Panic Mode Seven Months Into Coronavirus? | CNBC
The movie business has a reputation for being recession-proof. Even when the economy’s in a downturn, people want entertainment. But with the coronavirus pandemic ravaging the U.S. and the world, movie theaters are in panic mode seven months into the coronavirus pandemic. Big movie theater chains, AMC and Regal Cinemas, reopened their theaters to the public back in late August.