A Disastrous Entertainment Halloween – Boo!

A tragic holiday poem…

Goblins, witches, warlocks and ghosts

The entertainment industry was damaged the most

The COVID beast took the industry for a toss

Imax just reported a Q3, $47.2 million loss

Comcast
CMCSA
grew Peacock subscriptions to nearly 22 million

But Q3 theme park revenue fell nearly 81% to $311 million

Quibi was a bright star with nearly $2 billion in cash

But it fell from the sky with a tremendous crash

AMC is near bankruptcy and may have no way out

It needs a cash-rich knight who can bring its clout

AT&T
T
launched HBO Max with tremendous hope

But the results suggest it will be a steep slope

Disney was shaken as crowds disappeared

But streaming will save it for the next several years

Tenet went to theaters while Mulan was streamed

But revenue was probably low enough to make brave filmmakers scream

Netflix
NFLX
is celebrating with a smile ear-to-ear

It is one of the winners in entertainment’s tragic year

Amazon
AMZN
is gaining with entertainment and packages, too

It is the true nightmare for all industries and competitors…Boo!

For those that can survive the red ink and the fear

Let’s hope that the bloodbath will end this year