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Box Office Recovery

All articles tagged with #box office recovery

entertainment2 years ago•1 min saved

Taylor Swift's Concert Film Saves Theaters Amid Movie Drought

Sony Pictures CEO Tony Vinciguerra believes Taylor Swift's upcoming tour could be a "massive, unexpected rescue" for movie theaters, which have been affected by Hollywood strikes and delayed film releases. Vinciguerra expressed concern about the lack of films in theaters if the strikes continue into 2024. However, he anticipates a rush of film production once the strikes end. Sony has several films ready for release, and Vinciguerra expects other studios to have a similar situation. He also acknowledged the need to space out superhero films and highlighted the success of anime, mentioning Sony's ownership of Crunchyroll.

via Deadline|

#box-office-recovery #entertainment #hollywood-strikes

business2 years ago•2 min saved

Cinemark's Strong Box Office Performance Drives Profit and Stock Surge

Cinemark, the exhibition giant, reported a quarterly profit of $120.4 million, compared to a year-earlier loss, as admissions and concessions revenue increased amid a continuing box office recovery. However, Cinemark's president and CEO, Sean Gamble, warned that the ongoing Hollywood actors and writers strikes could delay production of future movies and shift release dates. Despite this, Gamble expressed optimism about Apple and Amazon's intentions to scale theatrical film production. Cinemark's improved financial and operating footing positions them well to handle fluctuations in content flow. In the second quarter, Cinemark hosted 38.8 million patrons in the U.S. and saw increased attendance in Latin America. Shares in Cinemark rose by 5.3 percent in premarket trading.

via Hollywood Reporter|

#admissions-revenue #box-office-recovery #business