A view outside Cinemas 1, 2 & 3 movie theater during the coronavirus pandemic on May 18, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 320,000 lives with over 4.8 million infections reported. (Photo by Noam Galai/Getty Images)
While some industries have heralded the third quarter as the beginning of a rebound from the financial devastation wraught by the coronavirus pandemic, the outlook is still dire for U.S. movie theater operators.
In recent days all of the major cinema chains released quarterly results that showed mounting losses as nearly 100%