#SpiderManNoWayHome is a welcome reminder, after a brutal 18 months, that movie theaters can still create a kind of grand cultural happening that simply can’t be replicated on Netflix. bit.ly/3pB2NTd
The rate of change in a century-old sector of the entertainment industry has been stunning. Major studio films like #Dune and #HalloweenKills were refashioned as simultaneous HBO Max or Peacock releases. bit.ly/3pB2NTd 
The domestic box office was much improved from the dumpster fire that was 2020, with total revenues expected to top out at roughly $4.4 billion. However, it’s down approximately 61% from pre-COVID 2019. bit.ly/3pB2NTd
About 49% of pre-pandemic moviegoers are no longer going to multiplexes, and some of that contingent, roughly 8%, have likely been lost forever, according to studies. bit.ly/3pB2NTd
In the case of #WestSideStory an adaptation of a beloved musical from Spielberg, one of Hollywood’s most revered directors, the film is a massive write-off, grossing an anemic $37 million globally on a $100 million budget. bit.ly/3pB2NTd
“Theaters have not done enough to make it clear what you can expect when you go there. It’s much safer to go to a movie theater than it is to go to a bar or restaurant,” contends Sony Pictures Classics’ co-founder Tom Bernard. bit.ly/3pB2NTd
Most cinemas have managed to hang on through COVID, with only 5% of U.S. screens closing since the start of the pandemic. bit.ly/3pB2NTd
Next year will offer cinema operators a chance to screen sequels and spinoffs to some of the most popular film franchises in history, including #BlackPantherWakandaForever, #ThorLoveAndThunder, #JurassicWorldDominion, #Avatar2 and #TheBatman. bit.ly/3pB2NTd
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