The stalwart American pastime of moviegoing is under attack. Fewer people are 'going to the movies'. So, what can be done stop this box office bleeding, and more importantly, increase ticket sales.
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Get them back to the movies |
Movie theatres' greatest competition are the streaming media companies, which is some cases, are owned and operated by the major studios. i.e. Disney+, Paramount+, Amazon Prime - in a sense competing against themselves by lowering movie attendance.
There are 5,691 fewer movie screens then there were pre-COVID. Total U.S. movie theatres grossed $8.7 billion in 2024, a 26% drop from the $11 billion pre-pandemic level. This year the major studios will release about 110 movies of all genres, but movie theatres need more - as 20% of moviegoers have stopped 'going to the movies'.
To me, the most significant and quickest change to improve attendance is to reverse the lowered theatrical release window.
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A 60-day window is needed to boost ticket sales |
Pre-COVID the window was 90 days before release to streamers, video, other media outlets. Now, that window is only 17 days! This must be expanded to, at least, 60 days before streaming, renting, or buying theatrically released movies.
Having a short theatrical release window keeps box office attendance down as potential moviegoers opt to wait a mere two weeks to buy or rent the streamed movie but a two month+ wait provides an impetus to view the movie at a cinema.
IMAX, Dolby Atmos, and other premiere movie exhibition is booming. Leading one to believe that consumers want and are even willing to pay a high admission to see movie. A lengthened theatrical release window would provide the boost to needed to get people back into theatres.
By: Jim Lavorato