Movie theater CEO expects as much as 25% permanent decline in attendance…
Flix Brewhouse CEO Allan Reagan urged CNBC on Wednesday he anticipates the coronavirus pandemic will lead to a sustained reduction in movie show attendance.In an interview on "Tell on the Street," Reagan said the Texas-basically basically based fully firm, which operates 10 dine-in cinemas and brews its maintain craft beer, is projecting 2022 to be a "more common year" for its business, after Covid-19 vaccinations change into broadly on hand."The total attendance, basically basically based fully on the damaged-down curve, would be down 15% to 25% on a permanent foundation. That's the manner we're gaming this out completely," Reagan said.Movie theaters and leisure venues in most cases were laborious hit by the pandemic, as displays went murky in the spring all over the preliminary wave of ...