#REGAL CINEMA STUDIO 16 MOVIE#

More closures are expected this fall: Cineworld, which operates Regal Cinemas, the No. A few think 25,000 is a healthier target.Ībout 500 screens have closed since the pandemic began, according to the National Association of Theater Owners, a trade organization. There are 40,700 screens in the United States and Canada, and even some theater executives concede that there should be no more than 35,000. One obvious if drastic step, analysts say, is for the biggest theater companies to close thousands of underperforming screens. But hardly anybody agrees on precisely the best way forward.

#REGAL CINEMA STUDIO 16 MOVIE#

Some studios continue to release films on streaming services and in theaters at the same time, or bypass theaters altogether, and the cost of running a theater keeps climbing.Īlmost everyone agrees that the 117-year-old movie exhibition business cannot keep going like this. Summer ticket sales still lagged significantly behind prepandemic levels. “Let the good times roll,” Adam Aron, the chief executive of AMC Entertainment, said during an earnings call last month.Īnd yet, behind that rosy view, instability lurked. The “Top Gun” sequel has taken in an astounding $1.5 billion worldwide, and “Doctor Strange in the Multiverse of Madness” outperformed its 2016 franchise predecessor by 41 percent. Theaters were feeling newly optimistic, largely because “ Top Gun: Maverick” and several other blockbusters showed that people still want to go to the movies. In recent months, the situation didn’t look so dire. Now, staggering debt and a severe shortage of big movies to show in the months ahead imperil multiplex chains once again. Unwelcome forces - Netflix, 50-inch TVs, the coronavirus pandemic - have buffeted cinemas for years.

Regal cinema studio 16