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The average ticket price is expected to grow 5% this year compared with 2019. Major chains including AMC, Cinemark and Regal have begun to charge slightly more for the opening-weekend showtimes of the most popular films. Returning moviegoers are increasingly gravitating toward “premium” formats, such as Imax, to maximize the difference between going to the movies and sitting at home.
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Some of the growth is because movie tickets, like pretty much everything else right now, are getting more expensive. Wold expects revenue to come within 3% of 2019 levels next year. But it’s more than double last year’s paltry $4.4 billion. Riley Securities analyst Eric Wold, who covers the exhibition industry. and Canada is expected to total more than $9 billion this year, about 20% less than the $11.4 billion reached in 2019, according to B.
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Will Disney use CinemaCon to finally unveil a trailer for James Cameron’s long-delayed “Avatar 2,” set for release in December? That would get people’s attention.īox office in the U.S. There’s also anticipation for movies set for beyond the summer. This week, the major film studios - Disney, Warner Bros., Universal, Paramount and Sony - along with smaller distributors have gathered in Las Vegas to kiss the ring of the world’s movie theater operators, from the biggest multinational chains to the smallest mom-and-pops.Īt this year’s CinemaCon at Caesars Palace, celebrities, directors and studio chiefs will once again take the stage to tout upcoming summer movies, unveil new trailers and behind-the-scenes footage and, above all, talk up the majesty of the cinema experience.Įven during the direst of times, the Colosseum during CinemaCon is a pulpit from which studio bosses and exhibitors proclaim, often defiantly, that they’re not going anywhere and that nothing can replace the collective joy of watching a big screen in a dark theater. What a time for Hollywood to bow at the altar of movie theaters, right? The ascendant business of streaming video, which has for years been seen as the biggest threat to the traditional entertainment industry, just had quite possibly its worst week ever.
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