Yeah I don’t think everyone can afford that setup in any country except the upper middle class to the rich ..
Disc not a holder . Regret not trading this though lol
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Only 1 of those 3 is rich. Of the others, one lives rural so he converted an old garage into an amazing home theatre and the other is in IT and loves movies and tech toys.
I also think, psychologically speaking, that many people are preferring to socialise at home and not risk going out. I’m not sure if this will be an ongoing trend. I saw an article about this and they had a particular phrase for people becoming more introverted post COVID 19
streaming is a threat. Only time will tell. movie theatre is not the first time facing challenge. When TV was invented, people thought cinema would fade, but it's not. When DVD became popular, people thought cinema would fade, but it didn't happen. So let's see if streaming will knock cinema down.
Streaming is a very western thing and limited to upper classes in Asia. You need very fast fibre internet to have a seamless streaming experience. Asian media landscape (except for Japan and Korea) is probably 10-15 years behind the west.
India is predominately mobile driven. because of that netflix offers subs are $4 a month for a mobile pass
vista had to cancel their full purchase of their jv partner in china to protect cash flow. besides that china's internet has no issues.
Me and my partner go to the movies at least 2 times a month as long as there releasing new movies, love the big screen, the popcorn, the drinks.
Its all about the environment and helps me to be catapulted into the world im watching a lot more, cant wait for them to open am going to go see Quiet place part 2 as soon it is released along with a number of others!
New lynn cinema is 10 mins drive and tickets are 11$ each, Disney released Mulan at what 30$ on disney plus. I would much prefer to go to the movies were we can enjoy the environment, drink, popcorn for maybe 10$ more!
Its a peculiar thing indeed. I thought cinemas would die a decade or more back, didnt make financial sense given the growing options. And what happened? Ticket prices doubled and crowds flocked in. Bit like the housing market i suppose.
The same here , specially with the kids .. and now a day they have a VIP seats and 3D experiments as well and other entertainments not just for Premier movies.
I skipped the queue by punting and oder my tickets from the machine proudly with software by VGL instead of lining up.
In fairness the Market has hardly had any time to speak either positively or negatively this week!!
Although I don't currently hold VGL, I like the company's products and management. I also like the industry and am an old school movie fan.
From a TA perspective, things are looking promising with a possible golden cross in the offering.
Unfortunately VGL is facing a market in the midst of Covid disruption, so I think I will forgo the fun (?) of 'picking the bottom' and wait for a more confirmed uptrend. GLH.