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Apologies if this is a stupid question guys. Is the CNNWF stock basically just the equivalent of trading CINE but on the US exchange?

Why does no vaccine == no business? Supermarkets have been doing a roaring trade without a vaccine. Bars, pubs and restaurants and managed to re-open and start doing business again without a vaccine. What makes cinema any different in this respect?

Agreed. Seems pretty silly to bail out now because Disney have postponed some releases which may well be brought forward again when more cinemas are open. The long awaited good news regarding UK re-opening is due to drop next week. Don't mug yourself. If you're satisfied the business is not likely to go bankrupt within the next year then this still represents a good investment opportunity.

Apologies to repost this, but trying to highlight a bit of potentially good news on what is currently a bad day for this stock. This is not the full article featured in the FT today, but is some key snippets taken from it.

Financial Times - Exclusive: Hollywood plans non-US summer debuts With domestic cinemas shut, studios are tearing up the playbook and looking outside the US for billion-dollar blockbuster releases.

Hollywood is preparing to tear up its playbook for releasing billion-dollar blockbusters, as the pandemic forces big movie studios such as Disney and Warner Bros to lean more heavily on cinemas outside the US.

After repeatedly postponing the release of Tenet, a $200m-budget thriller directed by Christopher Nolan that would have been the first big post-lockdown release, Warner Bros is now privately committing to a late-August debut in markets that are ready, according to people familiar with the matter.

The recent success of Peninsula, a Korean-language film that debuted in South Korea on July 15 and made more than $20m in the box office, caught the attention of executives in Los Angeles.

Some executives have also been following the strong performance of the Oscar-winning Little Women in Denmark, where it happened to be released after lockdown, almost half a year after it was rolled out in the rest of the world.

Tim Richards, the chief executive of Vue International cinema chain, said it showed the “incredible pent-up demand” for new films. “The consensus in the industry is that it did pre-Covid numbers,” he said. “Right now in Denmark we are tracking at around 90 per cent of the three-year pre-Covid average.”

There’s been a change in thinking at the studios,” said Rich Gelfond, chief executive of the cinema group Imax. “If you had asked them a month ago, they would have said that unless California and New York are both open, there won’t be blockbuster releases.

“But many of the studios have come to the conclusion there’s not going to be a perfect world?.?.?.?they will do the best they can and open where they can.”

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https://www.ft.com/content/302b3590-1caf-4d71-8545-e98e975dd1c0

The recent success of Peninsula, a Korean-language film that debuted in South Korea on July 15 and made more than $20m in the box office, caught the attention of executives in Los Angeles. 

Some executives have also been following the strong performance of the Oscar-winning Little Women in Denmark, where it happened to be released after lockdown, almost half a year after it was rolled out in the rest of the world.

Tim Richards, the chief executive of Vue International cinema chain, said it showed the “incredible pent-up demand” for new films. “The consensus in the industry is that it did pre-Covid numbers,” he said. “Right now in Denmark we are tracking at around 90 per cent of the three-year pre-Covid average.”

Reported by Financial Times

https://on.ft.com/30HN7Qv

Hollywood is preparing to tear up its playbook for releasing billion-dollar blockbusters, as the pandemic forces big movie studios such as Disney and Warner Bros to lean more heavily on cinemas outside the US.

After repeatedly postponing the release of Tenet, a $200m-budget thriller directed by Christopher Nolan that would have been the first big post-lockdown release, Warner Bros is now privately committing to a late-August debut in markets that are ready, according to people familiar with the matter.

Bravo. Excellent post. I concur with each of your points based on my own recent research on the company. Respect to all those showing faith and holding.

That's a really good point about how the transition away from the now overvalued tech stocks is likely to play out.

Yes there are some banners running on the Cineworld website advertising Proxima as "in cinemas 31st July". No option to book tickets yet though as kp100 pointed out.

Agreed. They need to re-open. I'll be surprised if there is a further delay. If Tenet is delayed then run some classic films for a couple of weeks to get things moving again. It will be a nice warmup before the blockbusters start to arrive.

If bars, pubs and restaurants are able to successfully reopen by implementing some basic hygiene and social distancing measures (which many have in the UK, I’ve been in several over the past few weeks) then there’s absolutely no reason why cinemas can’t reopen too on the same basis.

Cineworld have been cautious and sensible by delaying their reopening until the end of July. Fair play to them. However, I think it is highly unlikely there will be any further delay to their reopening in the UK. They need the cash and as Bolox has rightly pointed out, people are desperate to go out and do the things they haven’t been able to for the past few months whilst being stuck at home. Cinemas may well be packed once these blockbusters hit the big screen.

If you wait until June 2021 you won't make any money because the price will already have recovered by then.

Firm show of resistance from sparks today considering the news that broke.

The lockdown exit shambles that is currently taking place in several US states and the level of company debt is holding this one back. It’s made me think twice about it but I’m holding. I’m still hopeful we will see some positive movement here as we approach 31st July.

Good news breaking from the boys down at Oxford.

Ditto

We'll soon find out at 8 am.

Some signs that is already starting to happen. Profit taking in US tech.

https://on.ft.com/3j8gcNF

Good post. I tend to agree that cinema as a pass time is not dead and there is a lot of potential upside in this stock over the coming weeks.

I can't quite get my head around why a more tentative approach to re-opening is being taken with cinemas. It seems to me that cinemas are one of the places where it should be relatively easier to implement social distancing. Surely much easier than bars, pubs and restaurants which have already re-opened in the UK.

Has this stock hit the bottom? It managed a slight rise today despite a 1.5% decline in the FTSE. Now trading at a similar price to what it was towards the end of April and throughout May. Given the previous rally up to 100+ at the start of June, it seems there could be quite a bit of potential over the coming weeks.