Movie theaters are on pace to hit a 16-year low for tickets sold after stay-at-home options gain...

|By:, SA News Editor

Movie theaters are on pace to hit a 16-year low for tickets sold after stay-at-home options gain favor over 3-D movies and titles that offer little more than a rehash of familiar tales and characters. This year's projected haul of $10.2B is off 3.5% Y/Y, or 4.4% when accounting for higher ticket prices. Movie theater operators RGC, CNK, and MCS have poked out meager short-term returns, while 3-D specialist RLD is off 69% YTD.