Marcus Corp pandemic covid-19 reports Marcus Corp

A Movie Theater Chain Poised to Weather 2021’s Disruptions

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hollywoodreporter.com

Movie theater chains are staring down an unprecedented crisis, as pandemic shutdowns are forcing operators in some areas to close while awaiting local authorities’ COVID-19 guidance.

So it was no surprise that when Marcus Corp. — the fourth-largest circuit in the U.S., with 1,110 screens in 17 states — reported its latest financials on Nov.

3, CFO Doug Neis told investors the pandemic had led to “the two worst quarters we’ve ever experienced in our 85-year history.” Marcus stock fell 58 percent in 2020, while the nation’s largest chain, AMC, dropped 71 percent and rival Cinemark closed off at 49 percent.

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