Monday, January 25News That Matters

Tag: Theater

Movie theater CEO expects as much as 25% permanent decline in attendance…

Movie theater CEO expects as much as 25% permanent decline in attendance…

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Flix Brewhouse CEO Allan Reagan urged CNBC on Wednesday he anticipates the coronavirus pandemic will lead to a sustained reduction in movie show attendance.In an interview on "Tell on the Street," Reagan said the Texas-basically basically based fully firm, which operates 10 dine-in cinemas and brews its maintain craft beer, is projecting 2022 to be a "more common year" for its business, after Covid-19 vaccinations change into broadly on hand."The total attendance, basically basically based fully on the damaged-down curve, would be down 15% to 25% on a permanent foundation. That's the manner we're gaming this out completely," Reagan said.Movie theaters and leisure venues in most cases were laborious hit by the pandemic, as displays went murky in the spring all over the preliminary wave of ...

Theater Owners Chief Blames ‘No Time to Die’ Delay on Gov. Cuomo

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Movie theaters hoped to be motivate in trade in a gargantuan procedure this drop, attracting whisk-crazy audiences with a slate of blockbusters that incorporated “Tenet,” “Mulan,” and “No Time to Die.” For an trade that had been brought to its knees by the coronavirus pandemic, with closures that left them with out revenues for some distance of the one year, nothing used to be extra well-known than a colossal and successful reopening. Unfortunately, bigger than a month after “Tenet” debuted to disappointing field state of job results, the exhibition sector is in an even extra dire utter. “Mulan” opted to debut as a top rate on-rely on offering by Disney Plus. “No Time to Die” pushed its premiere motivate into April, and several other other movies ranking postponed their releases in...