Why do cinemas show so few movies now

After “Bullet Train,” Sony’s action movie starring Brad Pitt, which hits theaters next week, the movie slate for August, September and October is deserted. It’s hard to find any blockbuster movies in the mix. In fact, there aren’t many movies that could cross $50 million at the box office until Marvel’s Black Panther: Wakanda Forever, which won’t release until November 11.
The scarcity of films comes a year later than Hollywood productions in the pre-pandemic era. At this point in 2019, there have been 63 releases nationwide in North America, according to comscore (The result). This year’s number is 39 — a 38% decrease from what it was three years ago.
Despite the delays, 2022 mostly held its own. Ticket sales are down nearly 30% from pre-pandemic levels in 2019, which is pretty good given so few films are hitting theaters.

Where are all the movies? There is still a lot being produced and released, but many of them are either going straight to broadcast or being delayed because the industry faces many of the same problems as the rest of the economy.

In short, Hollywood has supply chain problems.

Slow down in Tinseltown

“A number of outstanding supply chain and product line backup issues have affected many films,” Boxoffice.com chief analyst Sean Robbins told CNN Business. “It’s important to remember that studios map out their release strategies from six months to a year or more in most cases.”

Robbins added that although the summer films were a “smash hit” in theaters, the industry “still plays a role in catching up with audience sentiment and expectations about new content on the big screen.”

Think back to two years ago when studios were delaying movies almost every day as the coronavirus pandemic turned Hollywood upside down. The repercussions of those decisions are still being felt today.

There’s also another reason why theaters lack the normal number of movies: broadcasts.

As broadcasting becomes more focused for media companies, studios now find themselves offering both theaters and streaming equipment. Some movies that seem perfect for theaters, like 20th Century Studios’ “Brie”, the next installment in the Predator franchise, are headed exclusively to the live stream rather than the big screen. In fact, many 20th Century Studio films and Searchlight Pictures are now going to Hulu.

“It is no secret that studios are looking to diversify their distribution strategies while live broadcasters want to expand their content offerings and compete among their subscriber bases,” Robbins said.

The live streaming strategy makes sense for many movies. “A big-budget movie that goes straight to live may have a low box office ceiling to start with,” Robbins added. Otherwise, there would be little “meaningful to cut off the profitable revenue stream”.

silver stripes

Although there may not be many successful films in theaters over the next few weeks, there are still films worth watching.

There are smaller films like the A24 horror movie, “Bodies Bodies Bodies” that starts August 5, “Don’t Worry Darling” starring Florence Pugh and Harry Styles on September 23, and the romantic comedy “Bros.” September 30, “Halloween Ends,” the next and potential movie in the Halloween franchise, on October 14 and “Black Adam,” a superhero movie starring Dwayne “The Rock” Johnson, on October 21.

& # 39;  Thor: Love and Thunder & # 39;  Catch a great box office opening for Marvel

Any of these films can surprise and find an audience.

There will also be blockbuster movies in older theaters with IMAX re-releases of “ET: The Extra Terrestrial” in August and “Jaws” in September.

Also, with fewer movies hitting theaters, this summer’s hits like “Top Gun: Maverick” and “Minions: The Rise of Gru” could continue to drive ticket sales.

So there are some silver linings for theaters over the next few months. However, that doesn’t change the fact that “Wakanda Forever,” Hollywood’s next leading hope, seems forever away.

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