Good day. Movie-theater companies of all sizes are under unprecedented financial strain. Pandemic restrictions are keeping patrons away. Studios aren’t releasing flicks. And streaming movies are gaining in popularity for film lovers stuck at home. But for family-owned operators, the problems are particularly acute and personal. WSJ Pro Bankruptcy looks at several theater owners on the brink of bankruptcy as the pandemic drags on.
Elsewhere, a rundown on the upcoming Puerto Rico gubrernatorial election and what it means for investors, and another court setback for turnaround manager Lynn Tilton.
Owners of Small Movie Theaters Struggle to Ride Out the Pandemic
Movie-theater companies of all sizes are confronting unprecedented financial strain during the pandemic as capacity restrictions, moviegoers’ reluctance to return to cinemas and a dearth of high-profile flicks limit their chances of mounting a comeback. But for small family-owned operators, the problems are particularly acute and personal. Read More.