With the rising delta variant of COVID-19 continuing to pose challenges to the entertainment and media sector, VIP+ media analyst and correspondent heidi_chung walks through five impacts likely to be observed
Perfection is rarely achieved in movies, but this heaven-sent concert doc hits the sweet spot. Over two days in January 1972, the Queen of Soul, Aretha Franklin — she was 29 at the time — sweeps into the New Temple Missionary Baptist Church in Watts in front of a congregation and testifies to God in song. The blessed thing took nearly half a century to come out because director Sydney Pollack failed to sync the image with the sound.
Things aren’t looking so hot for movie theater chains like AMC Entertainment. AMC was a stock that saw massive volatility due to retail Reddit investors piling into the name. Despite some of the meteoric gains of this year, the actual financials of the company paint a much different picture. And it looks like more struggles again for the exhibitor.
Thus, the highly anticipated box office recovery might take much longer and prove more difficult than initially estimated as a result of the delta variant.was seeing encouraging signs for a speedy return to normal as the vaccine was being rolled out earlier this year. However, American adults are also starting to grow more hesitant of attending concerts, according to the latest weekly Morning Consult survey. After seeing a steady increase in comfortability, the sentiment began to dip in August.
While larger theme park operators like Disney and Comcast could survive another COVID surge, the smaller players in the space, like Six Flags, SeaWorld and Cedar Fair, may have a much harder time.are part of the minority that will likely be fine even if the COVID situation worsens from here. After getting pummeled during peak pandemic, the advertising market came roaring back, and Big Tech was the big beneficiary.
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