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Wall Street off to a mixed start on Tuesday

Wall Street off to a mixed start on Tuesday
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

Movie theaters set to rebound in 2021

Raiders of the lost box office: Cinemas set to rebound to 1980s levels in 2021

U.S cinemas' expected ticket sales are projected to reach about $6 billion in 2021, which, adjusting for inflation, would be less than the industry generated in 1982, when "E.T." and "Raiders of the Lost Ark" ruled cinemas.

AMC s Chinese Owner Gives Up Control Over World s Largest Cinema Chain - Article

Shirley Zhao, Bloomberg News Signage outside an AMC movie theater in New York, U.S., on Friday, March 5, 2021. The struggling U.S. box office is expected to rebound this weekend, when theaters in New York City, the second-largest U.S. movie market, reopen after a yearlong hiatus. Photographer: Amir Hamja/Bloomberg , Bloomberg (Bloomberg) Dalian Wanda Group Co., the conglomerate founded by Chinese billionaire Wang Jianlin, has given up its majority control over AMC Entertainment Holdings Inc. after the world’s largest cinema chain reported a record loss of $4.6 billion for 2020 amid repeated warnings of insolvency. Wanda, which bought AMC in 2012 for $2.6 billion, cut its stake and voting power in the company to 9.8% as of March 3, AMC said in its annual report. The group continues to be AMC’s largest shareholder, the cinema chain’s Chief Executive Officer Adam Aron said in an earnings call. As of October, Wanda

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