Dividend cuts, Zoom outages, Box office blues: Catch up with the latest edition of Corona Capital for insights on the pandemic’s corporate and financial fallout.
earlier this year in January, “The Rhythm Section,” which notched almost $3 million according to Box Office Mojo. But it’s still not a good result. Even Walt Disney’s disappointing “Dumbo” remake made over 10 times more in its debut weekend last year.
The big difference is that now, only a quarter of U.S. cinemas are open, and at half capacity. The world’s largest chain AMC Entertainment welcomed moviegoers on Thursday for the first time since Covid-19 hit, celebrating its by selling tickets at 1920 prices. The next big cinematic tentpole will be Warner Bros’ sci-fi thriller “Tenet” on Sept. 3. The ultra-violent “Unhinged” has set the bar low. Andy Bird as chief executive. Bird will take over in the middle of a painful turnaround. The coronavirus pandemic has dramatically accelerated the shift to digital textbooks: lockdowns have forced teachers and students to embrace online learning.
Bird, most recently chairman of Walt Disney International, is no stranger to going digital. Pearson said that he transformed the creator of Disney cartoons into a digital-first business, overhauling how it sells its products and their range, and revamping the insights the business had into consumer habits. A similar shake-up could help Pearson finally graduate from the remedial class. . Afterpay is rushing to the checkout.
The bite-sized acquisition allows some room for error, however. When fiscal stimulus measures end, consumer spending could fall dramatically and lead to a sharp rise in bad debt. This new type of credit has already attracted
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