Cinemark CEO Mark Zoradi predicted it will take up to four months for shuttered cinema screens to fully reopen
Mark Zoradi also predicted staggered cinema screen openings due to"lingering social distancing" as the COVID-19 crisis recedes.
And Cinemark in July expects to slowly ramp up to eventual normalcy with releases like Christopher Nolan'son July 17. "We're not completely certain, but we're planning on anywhere from one to three months to light up that engine again," Zoradi said. How Cinemark and rival domestic exhibitors weather the financial impact of current cinema closures and ongoing public health measures like social distancing has put the major chains under the microscope for just how strong their balance sheets are to weather the storm, and the risk of debt defaults and even bankruptcy.
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