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.
Interview timestamps:
00:00: Intro
00:43: Discussion of personal habits when it comes to movies and concerts
3:23: The state of movie theaters now.
4:12 Is this the end of movie theaters as we know them?
4:50 Changes to the theatrical window
6:14 The quality of movies
8:27 Is SVOD viable?
10:10 Different quality standards for streaming
10:29 A better movie theater experience with dining
10:49: What else can theaters be used for?
11:35: Will theaters go bankrupt?
12:28: Can theaters make the changes needed to survive?
13:37 Should you invest in movie theater chains?
15:22 Where should you invest?
17:31 The future of live concerts
21:38 How the concert business may change
23:57 Closing thought on live entertainment and how it might be investable
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