Entertainment

Traders are making huge bets that millennials are destroying movie theaters

5 monthes ago   |   By

Shutterstock/junpinzon Short sellers know you stayed home watching Netflix instead of going to the movies last night. And they're making wagers to profit from that very fact.
They've boosted short interest - a measure of bets that share prices will drop - in the four largest North American movie theater chains to the highest in years, according to data compiled by IHS Markit . That group includes Regal Entertainment Group , AMC Entertainment Holdings , Cinemark Holdings and Cineplex .
At the core of their bearish wagers is a declining movie-going audience - one that's shifting towards...
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