“The movie lineup is setting up for this,” Pachter said. When compared to pre-pandemic 2019, with 1,228,763,381 tickets sold, the pandemic and resulting theater shut-downs reduced the number of tickets sold by more than 1 billion, according to Nash Information Services LLC.Ĭontrino said the delay in movie releases, also a factor in reduced ticket sales, has ended, as studios rush held-over titles exclusively into theaters to catch the wave of returning moviegoers. It can’t get any worse than 2020, when the number of tickets sold was 223,238,720. That’s fairly close to the fourth quarter of the pre-pandemic 2019 holiday season, which totaled $2.9 billion. In the spring, Pachter told the industry press that box office receipts in the fourth quarter of 2021 would approach $2 billion. Newport Beach Film Festival returns its films to the big screens Oct.What’s next for empty Pacific Theaters and ArcLight Cinemas?.New AMC dine-in, 12-screen movieplex opens in Montclair.July opening dates for new theaters in Monrovia, Downey set.Redlands gets first LOOK theater in state Monrovia, Downey, Glendale opening later.There is only so much people can take.” Related links Especially people who are social – they need that energy.

“So they are going to get their shots, they will wear a mask but they want to get back together. “People have had enough of being apart,” he began in an interview Tuesday, Nov. Phil Contrino, director of media and research for the National Association of Theater Owners, said more people are ready to buy a ticket and sit for two hours dazzled by what’s on the big screen.

When asked if moviegoers are coming back this fall and winter, Pachter answered: “Yes, they are. Movies and entertainment business analyst Michael Pachter, of Wedbush Securities in downtown Los Angeles, said he is bullish on the movie theater and movie industry business in general, after 18 months of hard times. By the end of the year, Schultz said, he will have launched 20 LOOK theaters in the United States.Ĭan LOOK, along with movie theater titans such as AMC, Cinemark and Regal - who are also ready to begin tearing tickets en masse - be right?

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