Replies to post #76313 on AMC Entertainment Holdings Inc (AMC)

[WALL STREET KID]

$Gee I recall seeing and reading that theatres did really well during the great depression as it was an escape from what life was throwing at society at the time just like now with the high employment due to Covid

(Box-office receipts rose in six of the last seven recessions, and the Depression, famously, was the heyday of movie attendance in America.)

The there's article like this one below



https://www.newyorker.com/business/james-surowiecki/movies-really-are-recession-proof

By 1930, attendance to movie theaters had reached 90 million per week, Smithsonian reports. And audiences were hungry.

In the midst of the Great Depression, people were flocking to the movies for a cheap diversion from everyday life. Selling for just 5 to 10 cents a bag, popcorn was a luxury most people could afford.

https://www.southernliving.com/news/movie-theater-popcorn-history-great-depression

As well there are About 80,700,000 Google results for "how did movie theatres do during the depression" in the Google link below

https://www.google.com/search?q=how+did+movie+theatres+do+during+the+depression&ei=q11XYZ4Lq8LQ8Q-TrYagBQ&ved=0ahUKEwjejIrI9anzAhUrITQIHZOWAVQQ4dUDCA4&uact=5&oq=how+did+movie+theatres+do+during+the+depression&gs_lcp=Cgdnd3Mtd2l6EAMyCAghEBYQHRAeOgcIABBHELADOgcIIRAKEKABOgQIIRAVOgUIIRCgAUoECEEYAFDRTVjiX2DgZGgBcAJ4AIABeogB3AeSAQM2LjSYAQCgAQHIAQTAAQE&sclient=gws-wiz

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AMC back to where it was on Monday woohoo

Monkeys so excited!

Good time to take profits

When the markets collapse no one goes to movies