The movie business has been crushed by the pandemic and it wasn’t doing all that well beforehand.

In a pre-COVID-19 world movie theaters had to compete with the exploding number of content choices most Americans have available in their homes. Big TVs have steadily fallen in price making them accessible to the vast majority of the American public. Add in the proliferation of streaming services offering original programming that rivals all but the biggest cinematic events and you see why theater chains were already up against a wall.

Now, however, in an economy that’s still dealing with a virus that’s not going away soon, the movie theater and live event business has gone from struggling to life support. Many theaters remain closed and others are operating at reduced capacities.

7investing lead advisors Dan Kline and Steve Symington dig into the current sad state of live entertainment and look at what might happen to the movie industry specifically. They also break down just how bleak things could get before there’s even a chance of a turnaround.

Publicly-traded companies mentioned in this podcast include AMC, Comcast, Netflix, Carnival Cruise Lines, Amazon, Simon Property Group, Regal Entertainment Group, Live Nation, Home Depot, and Lowe's. 7investing’s advisors and/or guests may have positions in the companies that are mentioned.

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