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Cinemark CEO Says Shuttered Theaters May Reopen by July 1
Cinemark CEO Mark Zoradi on Wednesday predicted it will take up to four months for shuttered cinema screens to fully reopen as the COVID-19 crisis recedes, likely starting July 1. "A return to normalcy may span multiple months driven by staggered theater openings due to government limits, reduced operating hours, lingering social distancing and a ramp-up of consumer comfort with public gatherings," Zoradi said on a morning call to update Wall Street analysts.