The pandemic radically changed people’s preferences toward entertainment and film exhibitions. With the industry taking a big hit in revenues, fundamentally weak stocks, Cinemark Holdings, Inc. (CNK), and National CineMedia, Inc. (NCMI) could be best avoided.
Although new blockbusters are starting to draw moviegoers back to cinemas, we cannot expect movie theaters to be the same. With the surge in popularity of streaming services like Netflix, Amazon, and HBO, the competition of the movie theater industry is only likely to become more difficult in the years to come.
