Specialty Film Exhibitor Reading International Reports 96% Drop In Q2 Revenue

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Specialty Film Exhibitor Reading International Reports 96% Drop In Q2 Revenue
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While 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…

While 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.

In the U.S., some of Reading’s best-known locations in New York — the Paris Theater, the Beekman and a City Cinemas multiplex on 86th Street — went dark or changed hands even before the pandemic. After Reading exited the lease for the Paris, an iconic, single-screen house on 58th Street by the Plaza Hotel, Netflix stepped in to lease it as a planned site for the streaming giant’s own events and screenings., a well-established arthouse circuit.

Theaters in New Zealand are operating without social distancing requirements as the island nation continues to make remarkable strides in tackling the. The country has gone 100 days since last reporting a local case of COVID-19. About 96% of Reading-owned leased buildings in New Zealand

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