These films were also part of large franchises leading to franchise fatigue. In recent years, there has been a surge in movie ticket pricing, which has been turning people off. Additionally, movies hit streaming services and digital weeks after films are released in theaters, barely giving these movies room to breathe.
Movies have always been interwoven with media since the 20th century, but the way audiences watched them has changed. Viewers don't have to go to movie theaters anymore now that movies and TV shows are on streaming services or can be illegally pirated at home.
It's because most people could watch movies at home in comfort. Most movies can be found on the internet a week after they're released. And if your at home, it costs less, and you don't have to worry about getting a good seat.
Between at-home streaming, strikes in Hollywood that halted film productions, and a pandemic that required would-be moviegoers to stay home, theaters have not had an easy time. Theater chains have closed dozens of theaters in recent years, and, as of last year, ticket sales were still one-third lower than in 2019.
Cinema attendance has been challenged over the past decade as more and more titles have become accessible for at-home viewing. On top of this, in many markets around the world, the COVID-19 pandemic halted film production, temporarily closed movie theatres and delayed new releases.
The main culprits are obvious: the pandemic, the proliferation of screen technology, streaming, , the last recession, government parsimony in the Federal Endowment for the Arts. etc. It's very troubling to me to see such a diminishment of the legitimate stage as we're presently wittnessing.
In my opinion, cinema is not dying. I think that it is fair to say that the cinema, as a place where films are shown for public consumption, has taken a significant hit in recent years. However, the end of 2022 has renewed my faith in cinemas.
Over half of respondents, 55%, said they are more interested in watching movies at home, 50% said it's too expensive to see movies in theaters and 32% said they aren't interested in the movies playing in theaters are major reasons why they don't go to theaters.
After a long period of low theater attendance, in 2023 the cinemas saw the return of grand audiences, with films such as “Barbie” and “Oppenheimer.” Undoubtedly, these releases exemplified that theaters can be one of the most unifying places in the world where many can find themselves alongside people they may have ...
Seeing a movie in the theater transports the audience to the world projected on the big screen. However, the eruption of streaming platforms have taken over homes and are a threat for the theaters to be wiped out. There are a lot of factors streaming services provide that endanger the once beloved movie theaters.
According to a survey of Americans Gen Z's movie-going habits led in 2022, only three percent of those surveyed said they visit a movie theater one a week or more often.
The pandemic and the rise of the small screen have created a financial challenge for the entire movie theater industry. Although ticket sales were up in 2023 over 2022 (825M versus 813M), they are still falling short of the 1.2B sold in 2019, according to Statista.
Streaming of course is a huge contributor to the decline of movie theater demand. With all of the streaming services out there, everyone is bound to have at least one to watch movies and shows on. Netflix has over 3,600 movie titles on it, why go to the theater when you have so many options at home?
These films were also part of large franchises leading to franchise fatigue. In recent years, there has been a surge in movie ticket pricing, which has been turning people off. Additionally, movies hit streaming services and digital weeks after films are released in theaters, barely giving these movies room to breathe.
Movie theaters are not yet on the verge of extinction. But to survive, they'll need to adapt. For Danny Ledger, US entertainment subsector leader for Deloitte Consulting, the key is to make a trip to the theater a unique, customized event for consumers.
With the rise of social media, short-term video content, streaming services, and high-quality home entertainment systems, movie theaters have struggled to stay afloat and feel relevant to the 11-26 year-olds of Generation Z.
The decline of movie theaters in the US can be seen in various statistics. In 2019, the US box office grossed $11.4 billion. In 2020, due to the pandemic, the box office gross plummeted to $2.2 billion, an 81% decline from the previous year.
As long as high-budget and highly-anticipated movies continue to be made and first projected in large, franchised theatres, movie theatres will not become obsolete.
Cinemas have yet to reclaim their pre-COVID glory – and during the first few months of 2024, visits to AMC and Regal, and to a lesser extent Cinemark, remained substantially below 2019 levels.
As of May 2022, around 55 percent of adult internet users surveyed in the United States said a major reason why they rarely or never went to the movies was that they were more interested in watching films at home.
Ticket and snack prices rise, fellow patrons are rude, projection quality is hit-or-miss, floors are sticky, etc. Meanwhile, it's easier than ever to get a theater-quality experience at home with today's TVs and sound systems.
According to initial findings compiled by the European Audiovisual Observatory, cinema attendance in wider Europe rose to approximately 859 million admissions in 2023. This reflects a positive year-on-year rise of 18.1%, signifying an increase of 131.8 million tickets compared to 2022.
Netflix isn't really designed to put movie theaters out of business, however it could happen, in the same way brick and mortar stores that don't adapt to online competition have gone out out of business, though the theater is more for entertainment and getting out of the house.
How long do movies usually play in theaters before it is taken out and replaced with new movies? It depends very much on the movie, but for a movie that's neither particularly successful nor a terrible flop, around three-four weeks is pretty typical.
Estimated revenue of movie theaters in the U.S. 2010-2021, by source. In 2021, movie theaters across the United States collectively generated over nine billion U.S. dollars in revenue, of which 4.5 billion dollars alone came from ticket sales.
