Dade Hayes Finance EditorWhile the blows absorbed by mass-market U.S. exhibitors like AMC and Cinemark during COVID-19 have dominated the headlines, the damage appears to be even more severe on the specialty front.Reading International, a Culver City, CA-based arthouse and real estate firm, reported a 96% decline in second-quarter revenue on a 100% drop in U.S.
movie attendance.Shares in Reading, which trade on the Nasdaq, fell nearly 13% Monday to close at $3.88.The publicly traded company operates about 60 movie theater complexes and three live theaters in the U.S., Australia, and New Zealand.
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