industry Movie Theater revenue dropped 15%

[sfoster]

Before COVID-19, the domestic box office regularly generated more than $10 billion in yearly ticket sales. This year, it’s expected to do about $8.5 billion.

The casual moviegoer is a thing of the past. That's a big problem for Hollywood

Gone are the days where prospective moviegoers would roll up to the theaters and gawk at the board for their next watch. Theaters are trying to make up that business in other ways.

www.latimes.com

Before the pandemic, films were typically in theaters for about 80 days before they became available for home viewing. As the pandemic waned, that number shrank to 30 days on average

I mean, yeah... if they're in theaters for 50 fewer days they're gonna make less profit.

 

[Aspiring Mogul]

That's depressing, but I don't buy the argument that film making is gone - you can't draw a line and presume the logical conclusion is inevitable, because reality is more complex than that. Cinemas didn't go away when TV came about, and TV didn't go away when VCR's came about. In fact, paid cable for a while was a competitor to free TV, which survived.

A paradigm shift is underway, but people are still going to want to go out for the evening with friends, socialize with others they meet at the lineup, and enjoy the movie-going experience. In other words, ticket sales may go down, but they will eventually go up.

 

[sfoster]

ticket sales may go down, but they will eventually go up.

Ah, I would be very surprised if movie theater profits make a comeback!

People used to watch miniscule black and white TVs, with no option for streaming, and very little content to consume, leaving people hungry for movies.

Now I have an 86" HDTV in my bedroom, where I can pause for bathroom breaks, and there's more content than there are hours in the day.

 

[Aspiring Mogul]

HDTV is an advanced version of black and white TV's.

 

[sfoster]

I'm so glad I didn't buy into the hype and go see Fall Guy in movie theaters, it was so boring, but luckily I turned my "advanced black and white SD television" to something else instead of being stuck in a dumb theater or feeling like I wasted my money.

 

[sfoster]

And other thing!!!

TV has gotten way too fucking good.

Dune HBO show is significantly more enjoyable than the Dune movies.
When TV is better than the movies??? That's not a good sign for the cinema.

Screw the movies!! I WANT MY MTV

Who's looking forward to season 2?

MAKE IT SO!