Operating movie theaters is a loss maker now on average. Covid changed the economics of operating movie theaters. For example:
AMC Entertainment Holdings, Inc. (NYSE: AMC) has had negative earnings since 2019 before Covid.
Similar effects for Cinemark Holdings, Inc. (NYSE:CNK).
If someone wants to argue that reopening the Brownwood movie theater would make an operating profit, fine, argue away. But at least give us some empirical evidence. Top line revenues and profits are not the same.
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