shares of lionsgate soaring today, since earnings last week.he vice-chairman michael burns. >> i wish i could see you. i think this is the first time i spoke with you since you are a mom, so congratulations. >> thank you, michael. i wonder if this changes your view of how you see the massive changes already until way in the movie production and distribution business acceler e accelerated by covid does this give you hope? >> i think that -- obviously it's hurt the theater business dramatically, but i believe it will be coming back, and will come back when covid is behind us i think the vaccine helps, but the nice thing they're doing is making an awful lot of content and we're able to monetize that in ways we haven't in the past that's working for us. >> will it be back in the same way? will it be back in the same force? you recently did a layoff in the film business, in your film group, 15% could you see that group sort of grow back to its original size once we're post-pandemic >> when you make cuts and streamline a particular division like we h

$1.4 million worth of that big bank perhaps spurred on by slightly higher rates stock number two is lionsgateard member making his single biggest purchase ever of the film company, grabbing 200,000 shares of the "b" class valued at $1.66 million but the single biggest insider buy this week, it is a company our viewers know because of the profit, look at that camping board, a board member buying $4.9 million worth of the stock pnd a and this is his second buy of the year but the first one was only $136,000 he was not in on the ipo, so this is really him just stepping in and buying a ton of the company board he sits on by the way, he is founder and ceo of the adams outdoor, huge insider buy there. so there you go, biggest booiuyf the week three of the four perhaps no doubt the g.o.a.t. stocks as we call them, the get out and travel a segment that you will only see here every week on worldwide exchange >>> now to the latest controversy surrounding facebook and more internal strive for the employees over calls to come back to the office seema mody is back with more on that and some of the other t

lionsgate is laying off 60 and mgm and disney, each of those laying off 50 employees. theatrical struggles, streaming revenue should be a bright spot and that's coming up tomorrow afternoon. guys >> thanks, julia by the way, you expect movie theaters will close in the meantime, some permanently >> i think some of the smaller mom and pop theaters, the stand alone theaters, those could certainly close. i think there is a very good chance that we'll see some restructurings among those chains there certainly going to be a tough time for those companies we'll see if they get that help from congress that they're asking for >> i mean, the megaplexes, it's depressing they have 40 theaters and the parking lot the size of a couple of football fields you drive by and it looks like the apocalypse it's depressing. >> go ahead. >> thanks, joe >> no, go ahead. what were you going to say >> some of them are using those big, giant parking lots, you mentioned, as drive-ins because everyone is trying to adapt. they do need the movie releases. that's what they're waiting on, new films to