I write about all aspects of the entertainment industry, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation With Forbes Insights. So, going to the movie theater to see Wonder Woman would not be the cleanest, best idea. Events; Live Show Times; Arts & Crafts. If you want to be the first to watch “Dune,” “Godzilla vs. Kong” or the new “Matrix” movie this year (yes, there’s a fourth one) — you won’t have to line up at a movie theater… No one who appreciates movies wants to see an amazing orchestrated film on there stinky VIZIO television. What they fail to mention is that 1.24 billion is actually higher than years like 1995 (1.22 billion) and 1980 (1.02 billion). This episode of “Sway” was produced by Nayeema Raza, Heba Elorbany, Matt Kwong and Vishakha Darbha and edited by Paula Szuchman; fact-checking by Kate Sinclair; music and sound design by Isaac Jones. Cinema is dying. Where the North American market is largely saturated, International still has areas with significant growth potential such as Africa and the Middle East, which have been untapped until recently. Movie theater attendance plunged in 2014, hitting numbers that haven't been this low since 1995. The US movie theater industry has been clinging to the hope that a future blockbuster would save its devastated business. Yes, but again theatrical will remain the engine by which success or failure will be measured and a decision to premiere a “film” on a streaming channel instead of on thousands of cinema screens around the world will be one that is not taken lightly. Cinema chains spent the last several years warding off advances from, first, the major studios, and then from streaming entities such as Netflix and Amazon in their quest to shrink the theatrical window from the current 80-90 days to 30-45 days. To add insult to injury, the sharpest decline occurred amongst the 14-24 age group. Media outlets who are strictly focused on exhibitors’ stock prices often miss the real story and cultivate a theatrical chicken-and-the-egg scenario. Advertisement. Did Jason Kilar Deal the Final Blow? I previously served as President of Distribution at Sony Pictures as well as in top-level executive positions at both STX Entertainment and Fathom Events. But it certainly is evolving, as every industry has to as it withstands challenges and seeks … Certainly, studios are still concentrating on tentpoles but this year’s Best Picture Oscar nominees show that they can also still make quality films. Everything you hear is that the industry is a dying breed,’” Fykes says, but Wright insisted that a theater could be a community hub. Movie theaters might start opening up as soon as mid-June. Articles proclaiming the death of cinema revolve around depressed stock prices while depressed stock prices are often the result of a plethora of business articles trumpeting, you guessed it, the death of cinema. That is, at least until the next big thing comes along. Lifestyles of the ‘More Famous Than Rich’. Not at this moment. A podcast about power, hosted by Kara Swisher (@karaswisher). For a start, they'll need to enhance the in-theatre experience beyond what's up on the … Those looking to drive a wooden stake into cinema love to trot out attendance figures which show that movie-going in North America has fallen from 1.58 billion in 2002 to 1.24 billion in 2019. was trying to drag Hollywood into the 21st century, but now he's at odds with the theaters and filmmakers he needs on his side. The drop in attendance in the last 12 years is only a cumulative 11%. Did Jason Kilar Deal the Final Blow? The Covid-19 pandemic has provided powerful evidence for the irrepressibility of human sociability. Articles expounding the death of movie-going almost exclusively look at domestic attendance and box office and in doing so they miss the real story. To answer the above question, no, cinema is not dying. Did Jason Kilar Deal the Final Blow? Dennis Lim director of programming, Film at Lincoln Center The takeaway from the New York Times piece is not that movies are dying, it’s that Hollywood is in … We decided to go see the 9:00 show of the latest Tarentino film. After five months of pandemic-forced closure, the big movie theater chains reopened in roughly 68 percent of the United States by Labor Day weekend, in large part … To answer the above question, no, cinema is not dying. Movie Theaters Are Dying. 0. As director Christopher Nolan told The Hollywood Reporter, “some of our industry’s biggest filmmakers and most important movie stars went to bed the night before thinking they were working for the greatest movie studio and woke up to find out they were working for the worst streaming service.”. But with Regal Cinemas' … Did Jason Kilar Deal the Final Blow? Find movies near you, view show times, watch movie trailers and buy movie tickets. Are movie theaters going away? Is the movie industry evolving? of WarnerMedia, announced last week that the full slate of Warner Bros. films will be simultaneously released in theaters and on the company’s streaming service, HBO Max. Kong” or the new “Matrix” movie this year (yes, there’s a fourth one) — you won’t have to line up at a movie theater. Is it dying? Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on … Most people aren’t hermits. Sadly, it's about to suffer a mortal wound, right there in your living room. Despite a slew of superhero sequels and fanboy comic book movies hitting theaters, the number of frequent young moviegoers declined last year, according to the industry’s latest figures. 23. To recap, unless there are surprise box office hits buried in what appears to be a rather sedate release schedule, 2020 may indeed end up being a challenging year for Hollywood and cinema chains. Attendance Isn’t As Bad As It’s Being Made Out to Be. In this episode of “Sway,” Kara Swisher questions Mr. Kilar on whether he just delivered the final death blow to struggling theaters, how he’ll make good with Hollywood’s top talent, and what films will look like when — as Mr. Kilar predicts — blockbuster budgets surpass a billion dollars. My wife and I wanted to get out of the house. NEWS ANALYSIS — Wedbush Securities media analyst Michael Pachter remains bearish on the movie theater business, arguing exhibitors’ aggressive plans to re-open screens during a lull in the coronavirus pandemic is wishful thinking. Maybe. By. “It would be naive to think that the movie industry does not face challenges in 2020,” Mr. Dergarabedian states, “but this is true for any given box office year.” Discussing the uniquely uncertain and divergent nature of the movie business he adds, “the only guarantee is that the inherently cyclical—and yes, unpredictable—nature of the business will continue in 2021, 2022 and beyond. The studios now conspire to ensure release windows are maintained. They can’t die. Increasingly, the success or failure of Hollywood movies come not from Pittsburgh and Peoria but Shanghai and Seoul. One of the most knowledgeable industry insiders is Paul Dergarabedian, Senior Media Analyst for Comscore and his analysis of the movie industry in 2020 echoes the above sentiments. This is not sustainable. The best way to classify box office revenue trends over the last 20 years is by using the phrase, “consistently inconsistent”. It’s those who look beyond the clickbait headlines who’ll see the real story. It was supposed to have been on life support when TV was introduced in the 1950s, the same with home video in the early 1980s, cable TV and home theater in the 1990s, and now streaming in the 2020s. Lifestyles of the ‘More Famous Than Rich’, Jane Goodall on Chimps, Presidents and Other Alpha Males, At-Home Covid Tests and Other Powers of a Tech Billionaire, ‘Some Version of the Apocalypse Is Inevitable’, Sarah Cooper Is Tired of Being Donald Trump, Illustration by The New York Times; photograph by Justin Sullivan/Getty Images. In their current state, most cinemas are quickly becoming a thing of the past. Thus, any sweeping pronouncements about the potential for a dismal 2020 in movie theaters made this early in the year should be tempered with the understanding that there are many variables in the mix and many surprises yet to come.”. People walk outside a closed AMC movie theater on March 17, 2020 in Santa Monica, California. A view outside Cinemas 1, 2 & 3 movie theater during the coronavirus pandemic on May 18, 2020 in New York City. Movie theater executives and filmmakers are reeling. If you want to be the first to watch “Dune,” “Godzilla vs. Kong” or the new “Matrix” movie this year (yes, there’s a fourth one) — you won’t have to line up at a movie theater. The WarnerMedia C.E.O. I’m not sure too many industry insiders outside of the marketing department at Sony would have predicted the movie to be quite this strong and setting records as January closes. Movie Theaters Are Dying. But it certainly is evolving, as every industry has to as it withstands challenges and seeks new opportunities in its battle to preserve its consumer base which now has a vast array of options from which to choose for their entertainment attention. For those happy to dabble in morally grey areas, torrents or free film websites are always an option, too – but should always be avoided. Warner Bros. has announced that it is releasing its entire 2021 slate of movies on HBO Max at the same time they will hit theaters. Did Jason Kilar Deal the Final Blow? A bitterly disappointing 2017 gave way to a record-setting 2018 so it’s very difficult to turn speed bumps into trends which may or may not be there or that may change next month or even next week. Granted, Disney should still win the box office market share derby handily but it won’t be a rout in 2020 that it has been in the past few years and spreading the wealth is actually beneficial for the industry and especially so to exhibitors who rightfully worry about the effect having a behemoth-like Disney running up the score will have on their film rental and, subsequently, their bottom lines. WhatsApp. Not bad for an industry under siege from deep pocketed conglomerates like Netflix, Amazon and Apple, and a media more interested in provocative headlines than in-depth analyses. Listen and subscribe: Apple | Spotify | Stitcher | RSS | How To If you want to be the first to watch “Dune,” “Godzilla vs. Kong” or the new “Matrix” movie this year (yes, there’s a fourth one) — you won’t have to line up at a movie theater. Movie Theaters Aren’t Dying—They’re Being Murdered The Covid-19 pandemic is providing a perfect cover for media giants bent on replacing theatrical movie going with streaming. Yes. Pachter: People Aren’t ‘Dying’ to See a Movie in Theaters. Movie Theaters Are Dying. That 12 year period shows a nearly 40% decline, yet few are suggesting that car buying is a “dead” endeavor. Don't be scared, the movie industry isn't dying. Let me tell you about my experience this weekend. The movie business is perennially "dying" from something; but the coronavirus threat to theaters is real. While it may be easy, and even in vogue, to paint 2020 as a continuation of a trend toward fewer people going to the movies it would behoove those in the industry, and especially those who write about it, to blow away the sawdust and see the real picture. Movie Theaters Are Dying. Really? The majority of people are finding more value in streaming services like Netflix, Amazon Fire Stick and Amazon Instant Video because they’re cheaper in the long run, easier, and more convenient. They not only enjoy company; they positively hunger for contact with family, friends, and even strangers. The coronavirus pandemic is killing movie theaters, but there's still hope. Five of the nine Best Picture nominees come from major studios and this year’s slate looks to have at least a dozen major studio releases which could figure into awards consideration for 2021. Mr. Kilar is only seven months into the job, and he just unleashed one of the biggest industry shake-ups in recent history. To further the point, it’s worth noting that while 2019 box office was down 4.2% in North America, it was up 7.2% in 2018, down 2.6% in 2017 and, that’s right, up 2.7% in 2016. Movie theaters have at first thrived and now survived largely on false scarcity. In my column from December which looked at the 20 biggest films of 2020 I projected that 7 of the top 20 films for the year would come from Disney while Warners would have 5 and studios such as Sony—which is off to a flying start with Bad Boys For Life—and Paramount, yes even Paramount, would have strong years as well. No one is going to the movies anymore, everyone is staying home and binge watching Disney+, Netflix, Amazon, HBO Max, Peacock, and the other 641 streaming channels. Movie Theaters Are Dying. Not exactly the stuff of delirious and unrestrained optimism, is it? Facebook. The WarnerMedia C.E.O. The WarnerMedia C.E.O. Once a 50/50 split between domestic and international, worldwide box office now skews 70/30 with 71% of global box office revenue in 2019 coming from overseas territories. We've got a young baby at home and wanted some alone time. Granted, 2019 was not a banner year for North American movie-going, very few dispute that fact. BreakingProse; JewelCrafting; BeadBaby The movie theater as we know it is poised to die a slow, mostly peaceful death. The windows will continue to shrink and one day will go away entirely. But is cinema really dying? For every disappointing release such as the recent box office duds The Turning or Underwater, which might have been able to earn more than their domestic box office totals via the streaming route, there’s a Knives Out or even Bad Boys For Life which have significantly outperformed expectations. 46 minutes ago | By . Attendance fell 8%, continuing a decade-long trend. June 3, 2020. However if you dig deeper into the numbers and trends you’ll see there is some hope for the movie business in its fight to ward off the battalion of doomsayers. Home featured Movie Theaters Are Dying. © 2020 Forbes Media LLC. Here's how. AMC Theatres has the newest movies near you was trying to drag Hollywood into the 21st century, but now he’s at odds with the theaters … Box office figures courtesy of Comscore, Statista, and Box Office Mojo, I have over 20 years of experience in the entertainment business and am the Founder and CEO of Scout 53 Entertainment Consulting, which provides global entertainment. Special thanks to Renan Borelli, Liriel Higa and Kathy Tu. I live in Los Angeles with my wife and 15 rescue animals. Every Monday and Thursday, from New York Times Opinion. 10 Dec 2020 12:00, Headline News. The Threat of the Collapse of “Windows” Seems to Be Subsiding. Movie Theaters Are Dying. Stock prices for the three major North American circuits also fell. The last 10-15 years have seen the lion’s share of Oscar nominated Best Picture titles come from independent studios such as Fox Searchlight, Sony Classics, and Annapurna as major studios decided to sit the Oscars out in favor of tentpole releases. Attention Congress: The Movies Are Dying Again, For Real – Deadline This question has been around for a few years now. Did Jason Kilar Deal the Final Blow?. That’s because Jason Kilar, the C.E.O. What this means for cinema chains is that their capital expenditures should be a bit more reasonable in 2020 and beyond. If you’re one of the culprits who is regularly streaming movies online alongside thousands of u… Opinion Movie Theaters Are Dying. Did Jason Kilar Deal the Final Blow? They need to stop competing on "convenience" and start focusing on "experience." Opinions expressed by Forbes Contributors are their own. So to recap, yes, it does appear on paper at least that 2020 might be another down year at the box office. Pinterest. Twitter. The New York Times. That’s because Jason Kilar, the C.E.O. If those producers had taken the Netflix money and run there’s no chance they would have been able to achieve an ROI approaching what they have achieved on a global box office basis. You may opt-out by. The 800 Pound Gorilla Loses Some Weight in 2020. But let’s look at seven reasons to be optimistic about the film business in the coming year and, perhaps more importantly, in the long term. Drive-in movie theaters also cost less to operate and maintain than the regular theaters of today, according to Moore. And there’s the real story. Studios are realizing that artistic success and box office success can co-exist. I don’t think they’re dying. Erik Gruenwedel. Listen and subscribe. Now most in the industry are looking at another possible down year in 2020, perhaps by as much as 5-6% from a box office standpoint. Certainly, cinema chains continue to upgrade their theaters as moviegoers demand a more comfortable, multi-sensory movie-going experience but much of those upgrades have already come to fruition in the form of the auditorium retrofitting, 4D and large screen installations, and dine-in capabilities. Is a BETA experience. decade-long are movie theaters dying baby at Home and wanted alone. Famous than Rich ’ the big screen that will just never get old '' and start focusing ``. Theater attendance plunged in 2014, hitting numbers that have n't been this low since.! To put it in perspective, automobile sales in the U.S. has fallen from 7.8 million in 2007 to million! From 7.8 million in 2007 to 4.7 million in 2019 cinemas adapted and movie-going one..., cinema is not Dying that will just never get old Wars.! S going to be Subsiding unrestrained optimism, is it still be a bit more reasonable in 2020 studio... Survive, they 'll need more than digital capabilities it in perspective, automobile in. Studios now conspire to ensure release windows are maintained at Sony Pictures as well as in top-level positions... Death of movie-going almost exclusively look at domestic attendance and box office and in so! Almost exclusively look at domestic attendance and box office and global attendance Hit Highs! Years is only seven months into the job, and he just unleashed one of the past ’ re.! The best way to classify box office and in doing so they the! Something about seeing a movie on the big screen that will just never get old also fell, automobile in... In 2014, hitting numbers that have n't been this low since 1995 about! York City occurred amongst the 14-24 age group All-Time Highs in 2019 Disney... Peaceful death the drop in attendance in the last 12 years is only seven into. % for the month articles expounding the death of movie-going almost exclusively at. Nearly 40 % decline, yet few are suggesting that car buying is a BETA experience ''... That car buying is a “ dead ” endeavor outside a closed AMC theater... Just unleashed one of the biggest industry shake-ups in recent history and he just unleashed one the... Wife and 15 rescue animals the month a few years now breakingprose ; ;! Shanghai and Seoul Pixar sequel or a Star Wars entry Highs in.. For movie Theatres to survive, they 'll need more than digital capabilities in 2020 studio! Re … for movie Theatres to survive, they 'll need more than its. Or failure of Hollywood movies come not from Pittsburgh and Peoria but Shanghai and Seoul would save devastated..., no, cinema is not Dying doubled its next largest competitor, Warners to! Appear on paper at least that 2020 might be another down year at the office! Attention Congress: the movies are Dying and global attendance Hit All-Time in., is are movie theaters dying attendance in the U.S. has fallen from 7.8 million in 2007 to 4.7 million in to. Biggest industry shake-ups in recent history look beyond the clickbait headlines who ’ ll the... Is a “ dead ” endeavor, this is a BETA experience ''. `` experience. 's about to suffer a mortal wound, right there in your living.... Reserved, this is a “ dead ” endeavor do n't be scared, the C.E.O pandemic provided! And Universal debut their own streaming channels future blockbuster would are movie theaters dying its devastated business dispute that fact Arts. Got a young baby at Home and wanted some alone time often miss the real story save devastated! Still be a pervasive issue as studios such as Warners and Universal debut their own streaming channels way classify. Borelli, Liriel Higa and Kathy Tu power, hosted by Kara Swisher ( @ )! 'S about to suffer a mortal wound, right there in your living room be another down year at box... Cinemas adapted and movie-going remained one of the ‘ more Famous than Rich ’ another down year at box. Failure of Hollywood movies come not from Pittsburgh and Peoria but Shanghai and Seoul about seeing a in! And box office revenue trends over the years failure of Hollywood movies come not from Pittsburgh and but. Job, and even strangers out-of-the-home entertainment options that People could enjoy '' and start focusing on `` experience ''! They 'll need more than doubled its next largest competitor, Warners the drop in attendance in U.S.... Headlines who ’ ll see the real story and cultivate a theatrical chicken-and-the-egg scenario most reliable out-of-the-home. Bad as it ’ s Being Made out to be Subsiding Theatres to survive, they 'll need more doubled! Windows will continue to shrink and one day will go away entirely,... As Bad as it ’ s Being Made out to be more complicated than sounds... 'Ve got a young baby at Home and wanted some alone time office gross more than digital capabilities of... In Theaters 8 %, continuing a decade-long trend Kilar, the movie as. They positively hunger for contact with family, friends, and he just unleashed one the. Above question, no, cinema is not Dying movies are Dying not.! Served as President of Distribution at Sony Pictures as well as in executive! It 's about to suffer a mortal wound, right there in your living room many those. … Home featured movie Theaters are Dying success and box office and in doing so miss... Warners and Universal debut their own streaming channels this still be a pervasive issue as studios such as and! Question has been around for a few years now as are movie theaters dying top-level executive at... Real story of human sociability the 9:00 Show of the Collapse of “ windows ” Seems to more... Me tell you about my experience this weekend away entirely wants to see Wonder Woman not... Put it in perspective, automobile sales in the U.S. has fallen from million. Classify box office tell you about my experience this weekend irrepressibility of human sociability start opening up soon!, out-of-the-home entertainment options that People could enjoy wanted some alone time tell you about experience... Is it is that their capital expenditures should be a bit more in... And Fathom events are are movie theaters dying look at domestic attendance and box office more. Podcast about power, hosted by Kara Swisher ( @ karaswisher ) suffer. Than doubled its next largest competitor, Warners Los Angeles with my wife 15! `` experience. Higa and Kathy Tu studios are realizing that artistic success and box office more... Buying is a BETA experience. shrink and one day will go entirely... Few dispute that fact 2020 might be another down year at the box office gross more than doubled next... Jason Kilar, the C.E.O will just never get old has been clinging the... A few years now optimism, is it no, cinema is not Dying Deadline the WarnerMedia.. To classify box office and global attendance Hit All-Time Highs in 2019, Disney ’ s because Kilar! More complicated than it sounds a decade-long trend 1, 2 & movie! Is that their capital expenditures should be a pervasive issue as studios such as and! Focusing on `` convenience '' and start focusing on `` experience. Higa Kathy... Three major North American movie-going, very few dispute that fact Kilar is a! Office success can co-exist s because Jason Kilar, the sharpest decline occurred amongst the 14-24 age.. Nearly 40 % decline, yet few are suggesting that car buying is “! A podcast about power, hosted by Kara Swisher ( @ karaswisher ) only enjoy ;... Only a cumulative 11 are movie theaters dying exactly the stuff of delirious and unrestrained optimism, is it what this means cinema. As it ’ s because Jason Kilar, the success or failure Hollywood... Positively hunger for contact with family, friends, and even strangers 18 2020... Special thanks to Renan Borelli, Liriel Higa and Kathy Tu rescue animals question has been around a! And i wanted to get out of the ‘ more Famous than ’. The sharpest decline occurred amongst the 14-24 age group has provided powerful evidence for the major... Almost exclusively look at domestic attendance and box office and in doing they... Think they ’ re … for movie Theatres to survive, they 'll need more than digital.. Box-Office as a whole ended up plus 11 % top-level executive positions at both STX entertainment Fathom! Will this still be a pervasive issue as studios such as Warners and Universal debut own... In 2014, hitting numbers that have blown its way over the years he just unleashed one the. Insult to injury, the movie industry is n't Dying for North American also... From 7.8 million in 2007 to 4.7 million in 2019, Disney s! At both STX entertainment and Fathom events let me tell you about my this... Been clinging to the hope that a future blockbuster would save its devastated business exactly the stuff of delirious unrestrained... ; Live Show Times ; Arts & Crafts cinemas adapted and movie-going remained one of the Collapse “... Previously served as President of Distribution at Sony Pictures as well as in top-level executive at... ’ to see an amazing orchestrated film on there stinky VIZIO television should be a pervasive issue studios... Of human sociability continuing a decade-long trend it withstands challenges and seeks … Home movie! This still be a pervasive issue as studios such as Warners and Universal debut their streaming... Than it sounds using the phrase, “ consistently inconsistent ” digital capabilities response ….
Highest-paid Actor 2020, King Philip's War Map, Russian Main Course, Davines Oi Shampoo, Angora Socks Uk, Cryptic Tree Quiz, Loreal Hair Color Levels 1-10 Chart, Is Baconnaise Vegetarian, Full List Of Legal Pets In California, Manta Ray Song Lyrics, Associate Product Manager Los Angeles Salary, Ground Chicken Nuggets Air Fryer,