The outlook for cinemas and the film business in general is much better now. New York City, one of the largest cinema markets in the world, will finally allow theaters to reopen their doors next month. This means that the fund, which has suffered badly since March 2020, can finally get a much-needed boost. This also means that upcoming blockbusters have a much better chance of meeting their current release dates.
New York Governor Andrew Cuomo announced this on Monday. The cinemas may reopen on March 5th. However, capacities and regulations are strictly limited to ensure the safety of moviegoers. This is because theaters in the city have been closed for almost a year. Here’s what Cuomo had to say.
“New York movie theaters are being aligned with the rest of the state: 25% capacity; no more than 50 socialmediagossips per showing; masks; assigned seating; social distancing; staff to control occupancy, traffic, and seating around the Ensure regulatory compliance. You need the standards set by DOH for improved air filtration, ventilation and cleaning. “
Many of the delays that big releases had in Los Angeles and New York City theaters last year weren’t open. These are the two largest box office markets in the US. Without them, films have little chance of success. Given the results for titles like principle and Wonder Woman 1984The National Association of Theater Owners praised the state’s decision. NATO had this to say in a statement on the news.
“Theater owners are excited to announce that New York cinemas are safe to reopen. Strict voluntary health and safety protocols have allowed cinemas across the country to operate safely and responsibly at higher capacity for many months without a single breakout Cinemas to be returned. “
In 2021, major releases or box office hits were largely missing due to ongoing health and safety concerns. However, things are showing signs of improvement. As such, it’s possible that you might like movies Black widow, F9 and Free guy, which are all expected to arrive in May, will not be delayed any further. Several other blockbusters like No time to die, Morbius and Ghostbusters: Afterlife were recently delayed again for several months.
In 2019, it had domestic box office revenues of $ 11.3 billion. That number fell to just over $ 2 billion in 2020, a decline of more than 89 percent from year to year. Hollywood has since embraced streaming as the future. Cinemas can hardly afford further delays in reopening in bulk if they hope to be an integral part of the future of the industry. Warner Bros., which is releasing all of its films on HBO Max and in theaters on the same day this year, doesn’t help. But opening a store in NYC, albeit in limited capacity, certainly does. This message was previously reported by CNBC.
Topics: cinemas, box office