In a blow to Southern California moviegoers, ArcLight Cinemas and Pacific Theatres, which together operate about 300 screens in the region and have been closed due to the COVID-19 pandemic, will not reopen.
Hollywood was running out of studio space even before the pandemic hit. Now after a stay-at-home year, appetite for streamed entertainment, including original content, is surging. So, too, is demand for high-quality soundstages, creative labs and production offices.
U.S. Treasury yields climb Monday as investors digest a series of auctions, including a three-year and 10-year Treasury note sale, part of nearly $270 billion in debt set to be sold this week in what's slated to be the most recent test of appetite for Treasurys.
A small Israeli study indicates that some of the new coronavirus variants may put people who have been vaccinated at higher risk of breakthrough infections, though U.S. health officials questioned some of the wording used in the preliminary research.