Vista eyes potential cinema reopenings but withholds forecast

Vista Group chief executive Kimbal Riley.

Tue, 02 Mar 2021

Some cinemas are reopening in Mexico City today, and New York's reopening is scheduled for Friday with capacity limited to 25%.But major chains are remaining closed in both cities and many cinemas around the world remain closed, with the major exceptions of China, Japan and Russia.Vista Group chief executive Kimbal Riley told analysts that industry insiders are targeting May or June, but he clearly isn't banking on it.It's too early to provide any guidance, he said, telling the analysts to expect a continued monthly cash burn of $3...

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