Movie theater owners are still feeling the high from B次元官网网址� .B次元官网网址� The counterprogramming of B次元官网网址淏arbieB次元官网网址� and B次元官网网址淥ppenheimerB次元官网网址� brought audiences to cinemas around with the world, ultimately earning nearly $2.5 billion in combined ticket sales. But, gathered in Las Vegas this week for the annual CinemaCon convention and trade show, theyB次元官网网址檙e also acutely aware that they need more than two movies to survive.
B次元官网网址淚t is not enough to rely solely on blockbusters,B次元官网网址� said Michael OB次元官网网址橪eary, the president and CEO of the National Association of Theater Owners. B次元官网网址淭o have a truly successful filmed entertainment industry, a variety of movies that appeal to movie goers is critical.B次元官网网址�
That means, OB次元官网网址橪eary said Tuesday, B次元官网网址渁 strong and vibrant market for movies with smaller or medium sized budgets.B次元官网网址�
At CinemaCon, Hollywood studios, exhibitors and tech companies come together to preview whatB次元官网网址檚 next in moviegoing, from the films that they hope will get audiences to the theaters to the latest and greatest in snacks, seating and projection. On stage, the message is (by design) optimistic about the future of cinemas and the industryB次元官网网址檚 capacity for evolution. Whether itB次元官网网址檚 streaming, piracy, VHS or television, the leaders in the filmed entertainment industry are always quick to remind that their business has survived its share of existential crises: Someone is always forecasting its demise.
OB次元官网网址橪eary made a plea to B次元官网网址渙ur friends in the financial industryB次元官网网址� to invest more capital into the system, calling it a B次元官网网址渟mart investmentB次元官网网址� that benefits B次元官网网址渃reatives, studios, exhibition, local communities and, most importantly, movie fans.B次元官网网址�
B次元官网网址淲e know that a movie that begins its journey with theatrical exclusivity is more successful in every subsequent ancillary platform,B次元官网网址� he added. B次元官网网址淭his should appeal to people who want as many film fans as possible to see their movies, but also to people that want to make money.B次元官网网址�
Studios including Warner Bros., Universal Pictures, Paramount, Disney and Lionsgate will all take the big stage at CaesarB次元官网网址檚 Palace to show new trailers or footage from their biggest upcoming films, from B次元官网网址淔uriosaB次元官网网址� to B次元官网网址淒eadpool & Wolverine,B次元官网网址� sometimes with the help of movie stars, to stoke excitement in the people who will put these films in their theaters.
2023 was . The overall box office was up 20% from the previous year in the U.S., surpassing $9 billion. But thatB次元官网网址檚 still $2 billion shy of where the business was pre-pandemic. There were hits, like B次元官网网址淥ppenheimerB次元官网网址� and B次元官网网址淏arbie,B次元官网网址� of course, and other notable successes from traditional studios, like B次元官网网址淭he Super Mario Bros. Movie,B次元官网网址� B次元官网网址淪pider-Man: Across the Spider-Verse,B次元官网网址� B次元官网网址淲onkaB次元官网网址� and B次元官网网址淕uardians of the Galaxy Vol. 3.B次元官网网址� There were surprises like B次元官网网址淔ive Nights at FreddyB次元官网网址檚B次元官网网址� and B次元官网网址淐ocaine BearB次元官网网址� and sleepers like B次元官网网址淎nyone But You.B次元官网网址�
There were also moments of successful innovation, including Taylor Swift and Beyonc茅B次元官网网址檚 groundbreaking to release their concert films, circumventing traditional studio middlemen. B次元官网网址� B次元官网网址� made over $260 million worldwide, making it the highest grossing concert film of all time. Toho studios also self-distributed its first film ever, with B次元官网网址淕odzilla Minus One,B次元官网网址� which made over $114 million worldwide even with a limited release in the U.S.
But there were flops and disappointments too, and some of the tried-and-true genres like superhero movies proved to no longer be the industry supporting tentpoles that they once were. Streamed entertainment continues to be a formidable competitor for eyes and dollars as everyone continues to recover from the pandemic. In 2024, theater owners and studios are also having to grapple with a changed and somewhat depleted pipeline of films following the work stoppage caused by the dual Hollywood strikes.
But OB次元官网网址橪eary said that a B次元官网网址済reat reimaginationB次元官网网址� is underway.
B次元官网网址淚nflection points like these are moments of opportunity,B次元官网网址� he added. B次元官网网址淎nd this last year has shown me that the future of this industryB次元官网网址攊ndeed, the state of this industryB次元官网网址攊s limitless.B次元官网网址�
Charles Rivkin, the chairman and CEO of the Motion Picture Association, talked about the importance of film productions in the U.S., which he said B次元官网网址渂olster communitiesB次元官网网址� and account for 2.74 million American jobs. He also made an impassioned plea to combat piracy, which he said costs theaters more than $1 billion at the box office, and hopes to work with Congressional leaders to put for B次元官网网址渟ite-blockingB次元官网网址� legislation.
Rivkin closed by quoting best documentary winner and AP journalist , in which he said that B次元官网网址淐inema forms memories and memories form historyB次元官网网址� while accepting the statuette for B次元官网网址�20 Days in Mariupol.B次元官网网址�
ChernovB次元官网网址檚 words, Rivkin said, B次元官网网址淩eminded us of the power and impact of what we do.B次元官网网址�
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