Disney’s twentieth-century split “Death on the Nile” is still the biggest budget film to come out in October. If the “Black Widow” (November 6) or James Bond spectacle “No Time to Die” (November 20) goes back online or goes online – as Disney recently did with “Mulan” – in theaters. They are likely to face tough negotiations about their futures with investors and lenders.
Additionally, the longer the epidemic lasts, the more the streaming becomes a threat to theaters. Originally at least a dozen films have been redirected to streaming services or online rental platforms for the big screen, including “Hamilton,” “Trolls World Tour” and “Greyhound”. The move has caused money to flow into the studio, but analysts say it is training theaters and working in theaters, expecting new movies to be available immediately in their homes.
“We are learning that markets are being opened up, security protocols in theaters and studios releasing movies are tied together,” said John Fithian, chief executive of the National Association of Theater Owners, in an email. “Open markets need safe cinemas, films need open markets, cinemas need movies. All these things provide viewers with the awareness and facility to return to films. You can’t do one at a time. “
“Street” is telling of Wall Street’s response to the opening and “Wonder Woman” postponement. CMC shares climbed to about $ 7 in April, the day “Tenet” hit American theaters, from about $ 2 in April. They have since fallen by about 17 percent. Cinemark has declined 18 percent since the Synapt. Cineworld, the parent company of Regal Cinema, is down 14 percent. (For reference, S&P is flat for 500 periods.)
Cinemark CEO Mark Joradi said, “From the cash point of view, we can see this thing until next year, if needed”. The company, based in Texas, operates approximately 5,977 screens in the United States and Latin America. “Our feet are back on the ground in the fourth quarter. Next year is a transition year. 2022 is normal. “
He said that a recent customer survey showed 97 percent satisfaction with the security protocol. “We have spent millions and millions of dollars to acquire this stuff,” he said. “If we can explain to the consumer that we have done all these things, they desire to come back.”
AMC Entertainment, the country’s largest multiplex chain, declined to comment.
When it comes to the three largest film markets, the strict metrics expected for both Los Angeles and San Francisco are California Government. Gavin Newsom recently announced this as part of its reopening plan. For New York, however, exhibitors and studio executives alike believe that Gov. Andrew Andrew has no special time table to re-open movie theaters, coupled with other large-crowded venues such as concert venues and amusement parks. While not given, the restaurant to resume bowling alleys and indoor operations. Not only is New York City important to sales, lots of media coverage and online buzz around new films arise from there. (The New York Times generally does not review films that are not running in New York.)