Refresh for updates, analysis and chart: The depressed state of the box office continued into its fourth weekend since the big three exhibitors reopened with Warner Bros.’ Tenet still No. 1 w…
Kajillionaire on the marquee, but the marketplace needs big movies being advertised coast to coast with big P&A budgets. Studios aren’t ready to commit to those types of investments right now. Also, if you notice with the independent movies, they’re making the same amount of money they typically would in a handful of NY and LA theaters, but it’s a much wider exhibition footprint to pull off those numbers.
San Francisco and its neighboring counties like Alameda, while cleared to open by the state of California, are still closed due to their counties’ health divisions. There’s an optimism among exhibitors and distributors that those markets will reopen soon.When it comes to New York, sources tell me that exhibition is in “the best position they’ve ever been” as far as talks go with the state’s health officials.
Still, even when New York cinemas reopens, some distributors worry about who will head out. It’s not like Los Angeles when it comes to commuting. Who will take public transportation during the pandemic to the movies? And, with the Sunshine Cinemas and Landmark’s 57th casualties of the pandemic recession, there’s a decreasing footprint for independents.
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