Thursday, May 7, 2020

Prepare For The Death & Rebirth of Hollywood

https://medium.com/@RichardJanes/prepare-for-the-death-rebirth-of-hollywood-f3853aacbee0

Hit badly by COVID-19 with closed theme parks, cruise lines, and no live sporting events, we won’t see a cash purchase from Disney, but every shareholder of a failing movie exhibitor won’t pass up on the chance to see their certificates exchanged for notes that bear the mouse.

Disney already has over 200 retail stores in dying shopping malls across the country — just go to any business journal right now and look at how many retailers are reporting that they have stopped paying rent and they won’t be in a position to reopen many of their stores even once the all clear has been given. Shopping malls were already dying. This will be the final nail in the coffin for many of them.