© 2024 Connecticut Public

FCC Public Inspection Files:
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Movie theater owners are optimistic about an industry return at this year's CinemaCon


Will big audiences ever return to movie theaters? That was the big question hovering over a gathering of movie theater owners this week. They met in Las Vegas for their first full convention in three years. John Horn from Southern California Public Radio has this report.

JOHN HORN, BYLINE: It felt a little like a reunion of Titanic survivors, and the setting fit - The Colosseum at Caesar's Palace in Las Vegas, where Celine Dion, who sang the blockbuster film's famous ballad, played for years. The thousands streaming into the arena this week were talking about different blockbusters, those that didn't yet exist. They had come to Las Vegas for CinemaCon, an annual convention for movie theater owners who are looking for hit films to bring customers back to their multiplexes. Few national businesses were as decimated by COVID as movie theaters. Tom Rothman is the chairman and CEO of Sony Pictures Entertainment's Motion Picture Group.

TOM ROTHMAN: We went through a near-death experience.

HORN: Three years ago, domestic box office receipts totaled $11.4 billion. In 2020 and 2021, the combined ticket sales were just a bit more than half of that. Entire chains and mom and pop venues closed for good. Thousands lost their jobs. Ponci Gallegos is a national sales manager for American Licorice, the makers of Red Vines. Theaters and vending machines account for a little less than two-thirds of all American licorice sales.

PONCI GALLEGOS: It's been kind of dismal.

HORN: And all the while, movie fans bolted to streaming sites by the millions. At CinemaCon, movie studios bring in stars and show hours of film clips and sometimes entire movies, like the new Top Gun sequel, for theater owners hopeful their upcoming releases will lure audiences back to the multiplex.


TOM CRUISE: (As Pete "Maverick" Mitchell) In three, two, one.

HORN: Spoiler alert - Tom Cruise's Maverick survives. And people are returning to theaters even if attendance remains well below pre-pandemic levels.

JOHN FITHIAN: The attitude in the hallways, the conversations with the members who operate motion picture theaters around the country and around the world then versus now is dramatically different.

HORN: John Fithian is the president and CEO of the National Association of Theater Owners, which stages CinemaCon.

FITHIAN: There's optimism about the coming movie slate. And there's optimism about our patrons coming back out to cinemas. Those are two things that we thrive on.

HORN: On December 17 last year, in the middle of the omicron surge, Sony Pictures released "Spider-Man: No Way Home."


TOM HOLLAND: (As Peter Parker) But how do you tell someone that you're Spider-Man?

HORN: The Sony-Marvel movie has grossed more than $800 million in domestic theaters so far. Without adjusting for inflation, that makes Spider-Man the third-highest grossing domestic release ever.

ROTHMAN: I would say the business doesn't survive and actually thrives. Not only can it survive, it can overcome a global pandemic, which it's in the process of doing.

HORN: Unlike most other studios, Sony preserved what's known as a theatrical window. That's the time, historically, around three months, from when a film hits the multiplex to when it premieres on places like Netflix or HBO Max. At CinemaCon, the studios pledged they would open their movies exclusively in theaters going forward, but movie-going habits might be irrevocably transformed. Well before the pandemic, theater owners were steadily losing customers. And even if Netflix just reported its first subscriber loss in a decade, overall streaming growth is staggering, up some 18% from a year ago, according to one new study. For NPR News, I'm John Horn in Las Vegas. Transcript provided by NPR, Copyright NPR.

John Horn

Stand up for civility

This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.