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Movie theater stocks rally as drugmakers say vaccine is 90% effective

first_imgTo stay afloat, cinema chains have been renegotiating deals with lenders and landlords and developing creative ways to generate revenue.Most major cinemas are now offering up cheaper private theater rentals as a way to entice in reluctant moviegoers. Others have transformed parking lots into concert venues, launched trivia nights and even negotiated deals with local colleges to rent out the space for in-person learning. Noam Galai | Getty Images Entertainment | Getty Images Movie theater chains got some good news on Monday morning — trial data indicated Pfizer and BioNTech’s Covid-19 vaccine is more than 90% effective.- Advertisement – The news sent AMC shares soaring as high as 80% in premarket trading before settling around a 50% gain after the opening bell. Cinemark shares were trading up about 52%, while Marcus Theatres and IMAX were gaining about 18% in early morning trading.The coronavirus pandemic has battered theaters since March, crunching their bottom lines and threatening to push chains big and small towards bankruptcy. As of the close on Friday, Cinemark shares were down 74%, AMC was down 66% and Marcus was down 75%.Last week, these movie theater chains reported third-quarter results, signaling yet another period of losses.- Advertisement –center_img With movie theaters hauling in less than a quarter of the revenue they were generating last year, AMC and B&B Theatres, the sixth-largest cinema chain, have both warned of the possibility of bankruptcy. Studio Movie Grill, a Dallas-based dine-in theater chain, filed for Chapter 11 bankruptcy protection last month.The hope is that with a vaccine, Covid-19 cases will decrease substantially and audiences will be more willing to return to theaters. This, in turn, will give studios confidence to keep major film titles on the calendar. Without fresh content, moviegoers won’t return in droves.Still, a vaccine might not be widely available to the public until mid-2021. So, while the news is promising, it does not fix the near term issues that movie theaters are facing.- Advertisement – – Advertisement –last_img read more



first_imgDD BEAUTY: Sometimes hair can feel product-heavy if you have been using mousse, oil, sprays in the pursuit of fuller, shinier locks.A bout of illness, hormonal changes or any periods of stress can also take their toll and may manifest in thinning, lank hair.Award-winning Irish-based brand, Viviscal, has recently launched its new Gorgeous Growth range of products aimed at transforming limp locks. Interestingly, Viviscal supplements have been voted the number one best selling hair care supplement in the US.The Densifying Shampoo & Conditioner have been specially formulated to help densify, soften & moisturise your locks.A leave-in treatment, the Viviscal Gorgeous Growth Densifying Elixir, is a lightweight body-boosting product for fuller looking hair that doesn’t weigh the hair down.It also contains all-natural ingredients.The range includes the ingredient, Ana:Tel™ complex, which extends hair growth and reduces hair fall ensuring a truly revolutionary multi-dimensional ‘inside’ and ‘out’ approach. It has biotin, keratin and zinc to nourish hair and condition the scalp.Suitable for everyday use and all hair types including dry, damaged, colour-treated, fine and thin hair, the range has a botanical fragrance that leaves hair infused with a refreshing scent that lasts all day.The product worked well with my coloured hair and did add bounce after just a few washes. It lathered well and left a lovely healthy sheen. I have a tendency to suffer from hair loss at different times and hope longer use of this shampoo and conditioner will help.Viviscal products are available online and also from pharmacies across Donegal. DD LIFESTYLE: NEW HAIR RANGE TO PROMOTE HEALTHY, THICK LOCKS was last modified: May 19th, 2016 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Ana:Tel™ complexIrish madeViviscalViviscal Gorgeous Growth Densifying Elixirlast_img read more