Movie theater operators are looking for a Hollywood ending.

Slow to reopen amid the coronavirus pandemic, theater chains are reeling from low attendance and a lack of new films to lure moviegoers, as studios continue to push back premieres. Theaters are mostly or completely shut down in New York City, Los Angeles, and San Francisco—representing about a quarter of domestic box-office sales and the key markets that studios need to debut their big offerings.

“It’s a perfect storm,” says Rich Greenfield, a media analyst at research firm LightShed Partners, who says that theater operators are burning cash and may need to reorganize debt in bankruptcy if they can’t kick-start sales soon. “Consumer behavior was already shifting toward streaming and smaller screens. It’s the absolute worst possible time, crushing movie theaters.”

Some chains are raising funds as they try to survive the next few months, when a feared new wave of

Read More

The MarketWatch News Department was not involved in the creation of this content.

8 in 10 Believe the Outcome of the 2020 Presidential Election Will Affect Small Businesses in the U.S. Overall, Regardless of Owners’ Party Affiliations

Nearly 2 in 3 Feel Their Businesses’ Financial Security Has Been Negatively Impacted

72% Show Optimism They Will Be Able to Stay Open at Least Six Months or More

Verizon Business today released findings from its “Small Business Recovery Survey,” which reveals the impact small business owners and decision makers feel COVID-19 has had on their businesses. The survey, conducted by Morning Consult, focused on 600 small and medium businesses that are currently open or plan to reopen. This is a follow-up to a Verizon Business Small Business Survey conducted in April 2020.

Further Key Findings Include:

— 55% of small businesses

Read More

  • Small business owners around the U.S. indicate slightly improved sales conditions since the spring, according to a new survey from Verizon Business.
  • Still, over half on Main Street remain worried that social distancing measures decrease their survival chances.

a group of people sitting at a picnic table: A cone to promote social distancing sits on the floor of a restaurant and bar in Austin, Texas, U.S., on Saturday, May 23, 2020.

© Provided by CNBC
A cone to promote social distancing sits on the floor of a restaurant and bar in Austin, Texas, U.S., on Saturday, May 23, 2020.

Governors across the U.S. are allowing restaurants to reopen, some limited to outdoor dining but others at full capacity. A new survey shows one reason why there’s pressure to get Main Street businesses like dining back to normal: over half (55%) of small business owners are worried that continued social distancing measures that limit business capacity will harm their survival chances.


Load Error

That’s according to a new survey from Verizon Business, released on Monday, that was conducted by Morning Consult and focused on

Read More

NEW MILFORD — Krista Strol remembers dreams from when she was in a coma of her sister visiting and telling her to wake up.

A woman she didn’t know told Strol her late mother would be upset if she didn’t wake.

“Thank goodness, I did,” said Strol on Friday afternoon as she sat on the dock outside Gerard’s Waters Edge Marina, the business she and her late husband built together.

Strol spent six weeks at Danbury Hospital battling coronavirus. She was in a coma for five of those weeks and learned later that doctors and nurses gave her a 10 percent chance of survival.

She has not regained feeling in her hands, toes, nor the tip of her tongue, despite being out of the hospital nearly 4 1/2 months.She has a breathing tube in her throat that may be permanent and has been back to the hospital for procedures.


Read More

Not only is the initial Paycheck Protection Program (PPP) closed, but those who received funding from it may also close forever as small business owners have spent their funding on payroll, rent, and other approved expenses since the program began. Without another infusion of cash from the government via a “PPP 2” approval from the federal government, thousands of businesses across the nation may fold.

New York City is a bellwether of how the coronavirus is hammering the U.S. economy, and businesses related to travel and tourism are suffering greatly. Broadway remains closed through the end of 2020. The Metropolitan Opera has

Read More

SAN DIEGO — Business owners across San Diego County are readying to push back against a potential new round of Coronavirus restrictions.

The county could reach the state’s most restrictive purple tier on Tuesday, meaning restaurants, gyms, nail salons and estheticians would all have to stop indoor service.

Business owners are now calling this a fight for survival.

“We’ve been in the red since March, so the bleeding’s got to stop somewhere,” said Ben Clevenger, who owns Lakeside’s Eastbound Bar and Grill.

Clevenger has reduced his staff from 45 to about 15, and he’s now taking shifts running food and cooking in the kitchen. It’s the only way the restaurant can survive amid social distancing restrictions inside, and 100 degree weather outside.

“Never do I mind getting my hands dirty, but I would much rather have an employee doing it because it’s money in their pocket,” Clevenger said.

The county

Read More

The Pret a Manger head office in Victoria, London, has all the trappings of an internet startup: the open-plan kitchen offering free coffee, fruit and snacks; a red telephone box next to a meeting room where you can take a private call (Google’s office in London has those, too); a fibreglass cow grazing on fake grass in the atrium; and an area to host “town hall meetings” with a scattering of quirky cushions on a series of raised steps. On the steps is written: “Millions of healthy customers, thousands of opportunities, hundreds of shops, one vision, two founders.”

Of course, there are no longer thousands of opportunities for some of its employees. At the end of last month, the sandwich chain announced that nearly 2,900 of its 8,800 staff were being axed; 30 shops have closed; many of the ones that remain open are now shutting as early as 3pm;

Read More

Addicting Games has acquired the online creature survival game, a web and mobile game with more than 72 million players to date.

The move is part of a revival that Addicting Games, which has followed a winding road but is back as a maker of simple casual games that you can play on the web or on mobile devices when you want to zone out or learn some things. It may sound too simple in this age of big-budget games, but Addicting Games draws more than 10 million players a month.

It’s one of the ironies of the wheel of the game business that Addicting Games, which was once bought and passed around, is now back in the business of acquiring games.

The Santa Monica, California-based company didn’t disclose the purchase price, but it did say the deal was more than “seven figures.” is a top-down multiplayer animal

Read More

The economy is six months into our government created recession. The output of the economy, Gross Domestic Product (GDP), plunged 33%, primarily because consumers were instructed to lock down at home and many businesses were told to close. This general policy was administered by state governments, with variations unique to each state. The goal was to reduce contagion of Covid-19. A logical policy to stem the spread of the virus, but difficult to administer and enforce.

Unfortunately, these policies were also effective at stemming the flow of dollars to our nation’s small businesses not just containing the spread of the virus. Small businesses produce about half of the private sector GDP and employ about half of all private sector workers. They dominate sectors like non-professional services, restaurants, barber shops, gyms, and dry cleaners, for example. The dramatic reduction in sales experienced by most firms was a shock that demanded

Read More

It may just be the ideal for any coffee addict—up to 5 hot drinks a day from sandwich chain Pret A Manger for a low subscription sign up of £20 a month.

It is a clear offer to try and win back business, and persuade customers that Pret is the ‘default’ coffee shop choice, by a brand that has seen significant losses since lockdown.

The business hit the headlines just last week for its announcement on cutting one third of its workforce, having been hit hard by the Covid-19 pandemic. A total of 3000 job cuts were announced mainly in-store positions.

“Although we’re now starting to see a steady but slow recovery, the pandemic has taken

Read More