Theory: The big screen will be back to normal in a couple of years.Ĭhris Aronson, president of domestic distribution, Paramount Pictures: “Depends on what one’s definition of normal is. The rest of the summer, for example, is looking thin, though “Nope” and “Bullet Train” look promising.Īnd if anything below sticks in your craw, email me here and we may publish your comments. Wold cited a handful of disappointments (“Lightyear,” “Fantastic Beasts: The Secrets of Dumbledore”) and a potentially weak third quarter. He now expects total revenue for this year to end 28% lower than 2019, compared to his earlier projection of a 20% decline. Riley’s Eric Wold, among the more bullish Wall Street analysts covering theatrical exhibition, recently reduced his full-year estimates.
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Their success had exhibitors and distributors rushing to declare the doubters and naysayers wrong, dead wrong.īut most analysts think it could still take years for the theatrical movie business to match the annual grosses the industry hit before COVID-19, if it ever does.ī. At least not fully.Ī number of hits - “Thor: Love and Thunder,” “Top Gun: Maverick” and “Minions: The Rise of Gru” - have shown that certain movies can achieve pre-pandemic-level ticket sales, and even beyond. Let’s get one thing out of the way: The box office is not back. It’s free, so not even Elon Musk can get buyer’s remorse.
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