Mark Zoradi, a former longtime Disney executive who is now CEO of major exhibitor Cinemark, believes business comparable with what existed prior to Covid-19 won’t return until at least 2022.
“The reality is I don’t think we’re going to be able to get into a full-on rhythm again of product cycles and all that we had prior to Covid-19 until 2022,” he said during a conference call with Wall Street analysts to discuss first-quarter results. “That’s more production-related than our operation-related because as studios have had to adapt to not being able to do filming and do post-production, they’ve had to move their schedules. Therefore, we’re going to adapt as well.”
Next year is shaping up to be a “nice recovery year” after the debacle of 2020, Zoradi said, but the recovery has a “long tail.” Zoradi and CFO Sean Gamble tackled a range of topics during the hour-plus call,...
“The reality is I don’t think we’re going to be able to get into a full-on rhythm again of product cycles and all that we had prior to Covid-19 until 2022,” he said during a conference call with Wall Street analysts to discuss first-quarter results. “That’s more production-related than our operation-related because as studios have had to adapt to not being able to do filming and do post-production, they’ve had to move their schedules. Therefore, we’re going to adapt as well.”
Next year is shaping up to be a “nice recovery year” after the debacle of 2020, Zoradi said, but the recovery has a “long tail.” Zoradi and CFO Sean Gamble tackled a range of topics during the hour-plus call,...
- 6/3/2020
- by Dade Hayes
- Deadline Film + TV
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