COST significantly
COVID precautions?
Movie studios have pushed their biggest bets all the way to the end of 2021 to avoid having to move them more than once. “When I looked at the available dates, there was a date in March that we were thinking about,” Grode says of
Dune. “There was a date in the end of May, or beginning of June. I figured March is probably too soon to really have a full return to this theater experience. People need to put their toe in the water and then they put their ankle, then they go up to their knee in order to kind of get back to daily life. That takes time.”
Author Bio
Taylor Carmichael is a former attorney and filmmaker. He s the author of a line of murder mysteries, including Whodidit in the Supreme Court? and Whodidit With a Senator? The majority of what he knows about stocks he learned right here at the Motley Fool.
Cinema stocks suffered badly in 2020. Movie theaters were shut down for months thanks to the coronavirus pandemic, and even when they reopened, business was bad.
But shares of
IMAX (NYSE:IMAX) dropped just 13% for the year, which is actually a lot better than its peers. And the stock is already on the road to recovery. If you bought in the dark days of March, when the share price fell all the way to $6, you ve already tripled your money.
Movie releases next year could make for an embarrassment of riches, Imax CEO says In a way, 2021, if things do open early in the year, it s an embarrassment of riches There s an awful lot of content, and that s true on a global basis, Imax CEO Richard Gelfond said.
Surge in online shopping is straining America s busiest port, official says Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said.
Summary: California extends stay-at-home order as LA outbreak worsens Premier League mulls 2-week shutdown after worst rash of COVID outbreaks
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B. Riley analyst Eric Wold notes that with so many 2020 film releases have been pushed into next year, “2021 could bring the most IMAX-friendly film slate to the company in decades.” Luke Sharrett/Bloomberg
The new year could usher in a big boost to giant-screen movie theater chain
IMAX (ticker: IMAX) could benefit because so many 2020 film releases have been pushed into next year because the pandemic shut down movie theaters this year, forcing studios to get more strategic about how they premier their blockbusters.
“We believe 2021 could bring the most IMAX-friendly film slate to the company in decades,” said B. Riley analyst Eric Wold.
House passes bill to increase $600 stimulus checks to $2,000 (SPY +0.4%). Surge in online shopping is straining America s busiest port.
Here is the current market situation from CNN Money
European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 2.07% while France s CAC 40 is up 1.20% and Germany s DAX is up 0.14%.
What Is Moving the Markets
Here are the headlines moving the markets.
3 Ways to Play the $30 Trillion ESG Boom in 2021 Theres an old dictum in investment circles that says that the trend is your friend. For decades, megatrends have always set the stage for winning investments, whether they involved technological revolutions, population demographics, or government-driven regulations. And right now, the $30 Trillion ESG Megatrend ticks all the right boxes. Especially with Joe Biden about to give a big boost to the sector. Over the past half-decade, ESG (Environmental, Social, and Governance) investing has emerged as the