World News – US – Live Audiences Are Faded Again At Entertainment Venues – What Does This Mean For Investors?


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The coronavirus pandemic is having a huge impact on entertainment options. Theaters, concert halls, museums, amusement parks, and other entertainment or cultural venues are closed for most of the year, although most schools or universities, retail stores, and restaurants open their doors in late summer / early fall. However, after a seven-month hiatus, several entertainment venues are reopening their doors. Here’s how this could affect investors.

Many entertainment venues have awaited the formal go-ahead for national or state guidance on establishing the reopening protocol, which several states had not issued until recently. Disney (NYSE: DIS), which suffered $ 3. The $ 5 billion loss from the park closings related to COVID-19 has officially given the go-ahead to reopen Disneyland California at 25% capacity, in addition to complying with other security protocols.

Ryman Hospitality Trust (NYSE: RHP) recently announced that it will reopen the Grand Ole Opry with a 25% capacity to a live audience, based on guidelines from the Nashville Metro Department of Health. The state of New Jersey also announced a similar 25% operating protocol and requirement for all employees and viewers attending a live event such as a music venue or movie theater.

AMC Entertainment Holdings (NYSE: AMC) had reopened approximately 78% of its domestic and 90% of international theaters after a five-month closure with a capacity of 25% to 40%.

While many states are issuing new guidelines to help troubled businesses reopen operations, they must follow a strict protocol, especially as coronavirus cases are increasing rapidly.

The results of the reopening of entertainment venues are not yet known. Lack of demand, the risk of potential litigation or a second round of closure are legitimate concerns for entrepreneurs and investors. AMC, for example, had to close its doors a few weeks after it reopened in response to country mandates in several European countries. Certain businesses that need volume to be profitable, such as concert venues, aquariums, or sports arenas, may struggle to be limited to 25% operating capacity. Certain fixed costs associated with opening the store may not be compensated for with so few clients, so opening with current restrictions may not be the best option.

Venue opening can also open business owners to the risk of litigation under current state or local guidelines. Enforcement of the current protocol is critical to reducing risk. However, given the poor regulation of the global pandemic, litigation could become a reality in the near future as a result of the spread of the virus or lack of compliance by other customers.

The reopening of entertainment venues is a positive step forward for many companies, but investors should be prepared for more volatility in the near future. There are still many factors to consider, and entertainment companies, businesses and property owners are still far from in the red. There are currently several Real Estate Investment Trusts (REITs) specializing in the entertainment sector that are Value Buys. While hopes are high, investors should be familiar with the risks and uncertainties surrounding the entertainment market and be prepared for any outcome at this point.

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Liz Brumer-Smith is a real estate investor and Millionacres employee. She graduated from the University of Central Florida and taught …
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AMC Theaters, Stock, NYSE: AMC

World News – USA – Live Audiences Restoring to Entertainment Venues – What Does This Mean for Investors?



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