The entire industry is shifting.
If you want the good news first, here it is—the box office is up 350% over 2021.
But if you want the real news, we’re still down compared to pre-pandemic numbers. And we’re not really releasing enough movies theatrically to make up for it. In fact, compared to 2019, we’re releasing around 30% fewer movies per year, at this point in the calendar. There are lots of reasons for this, like limited production thanks to COVID and an industry switch to streaming, but these are sad numbers. And if we don’t get them back up, it will be hard for theaters to keep their doors open.
We typically define a “wide release” as a film that plays on 2,000-plus screens. We usually see around 120 of those a year.
Author: Jason Hellerman
This article comes from No Film School and can be read on the original site.
