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Boston Real Estate thought? Will Movie Theaters ever come back? I’m not sure here’s why…

I just read a New York Times article about the future of movie theaters.

The release of Christopher Nolan’s “Tenet” was expected to be a return to some semblance of pre-coronavirus normalcy for movie theaters, but the industry might have a longer road ahead than some thought.

Around 68 percent of movie theaters across the U.S. were open for the film’s debut over Labor Day weekend, but it made just $9.8 million over that weekend, according to the New York Times.

While there were no expectations that “Tenet” would perform as well as Nolan’s past films — it made about one-fifth of what his most recent blockbusters earned in their opening weekends — its performance was much worse than Hollywood hoped.

Widespread theater closures

Shares in AMC, which opened many of its theaters nationwide in August, climbed the day “Tenet” hit theaters, but have since fallen about 17 percent. Cinemark has also seen an 18 percent decline since Sept. 4, while Regal Cinemas’ parent company has experienced a 14 percent decline.

COVID-19 Outbreak





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