Report Shows Pandemic Impact on U.S. Cinemas; Lack of Content Key
A new report from the analyst firm Gower Street shows that nearly a quarter (23 percent) of all U.S. movie theatres have stayed closed since March 2020. These locations generated a combined yearly box office of $1.8 billion on average in 2018 and 2019. The report makes clear that the situation will remain difficult until quality movies are available on a regular and consistent basis.