Cinemas are starting to reopen. Will anyone go?


AMC, the largest movie theater chain in the world, will reopen more than 100 US locations on Thursday after closing its doors in March. Other big chains like Regal Cinemas and Alamo Drafthouse will be back this weekend as well, while Cinemark started last week with phased reopening. Roughly 1,400 of the 6,000 locations in North America are currently open, according to Comscore (SCOR). (Follow how box office outlets are affected on our recovery dashboard.)

It is a monumental moment for theaters and the film industry in general. The next few weeks and months will give Hollywood an idea of ​​whether the movie theater industry could bounce back after being destroyed by coronavirus.

It will not be easy.

A few fresh blockbusters

First, theaters like AMC will not be showing many major films in a few weeks. Christopher Nolan’s thriller “Tenet” will not hit theaters in the United States until September 3, and Disney’s “Mulan” will not be released on AMC. It’s coming to Disney + on September 4th.

Other movies like “Unhinged” and “The New Mutants” are opening earlier, but are not exactly well-known titles that moviegoers are itching to see.

Until then, theaters offer old movies like “Inception” and “Black Panther” to get people in the door.

AMC opens its theaters next week with 15-cent tickets

Is it safe?

Getting people back to the movies during a pandemic is more than just having movies that people want to see. Theater chains need to win over consumers who are accustomed to watching movies at home and who are unsure about the safety of sitting for hours at a time with strangers.

Theaters must convey a sense of security and cleanliness.

AMC obliges all guests to wear masks under its “Safe & Clean” initiative. It is also hijacking theater capacity and upgrading ventilation systems. It remains to be seen whether those protocols will give moviegoers a strong sense of security.

Paul Degarabedian, senior media analyst at Comscore, told CNN Business that “it’s up to theaters to make sure they are as well prepared as possible to create the safest and most appealing environment possible.”

Degarabedian notes that “the sentiment of the filmmakers who are going to go out in the next few weeks should be positive.” That’s what “gives theaters the best shot at drawing, and more importantly, holding back patrons,” he said.

Canadian theaters have reopened, showing some of the films that will soon hit the United States – such as “Unhinged” – but the presence is lackluster.

Competition is fierce and money is tight

The pandemic has put millions of people out of work, so disposable income for many is limited.

And consumers at this point are accustomed to staying home and watching Netflix (NFLX), Disney + and a slew of other streaming services for a month subscription costs that run roughly the same as the average cost of a ticket.

“Wallets are tight right now, and most people have to do a cost-benefit analysis for almost everything in their lives,” Dergarabedian said. “While movies of old have been a bargain compared to others outside of home activities, pricing is important.”

AMC (AMC) last week made news when it announced it would sell tickets for just 15 cents on opening day. Following this, the chain offers tickets at a lower price than usual for older movie titles.

The big question: Is it worth it?

Coronavirus cases are still very common in the country, and film exit is a risk because the virus is often more easily spread within.

New York Governor Andrew Cuomo said Monday that gyms in the state would reopen later this month, but cinemas would remain closed.

“I’m sure there’s a whole bunch of people saying, ‘I can’t live without going to the movies.’ But on a relative scale, a movie theater is less essential and poses a high risk, “Cuomo said. “Cinemas are not that high on the list of essentials.”

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