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Search resuls for: "National Association of Theatre"


2 mentions found


☆ Former Disney CEO says the pandemic left a 'permanent scar' on movie theaters, and that business will never return to pre-pandemic levels
  + stars: | 2022-09-08 | by ( Travis Clark | ) www.businessinsider.com   time to read: +2 min
Bob Iger, the former CEO of Disney, said that the pandemic left a "permanent scar" on the movie business. Bob Iger, who retired from Disney at the end of 2021, said that the pandemic left a "permanent scar" on movie theaters. "I don't think movies ever return, in terms of moviegoing, to the level that they were at pre-pandemic," Iger said during Vox's annual Code Conference on Wednesday. Before he stepped aside as CEO and into an executive chairman role in early 2020, Iger led the launch of the Disney+ streaming service in November 2019. The head of the National Association of Theatre Owners, John Fithian, doesn't think movie supply will be back to pre-pandemic levels for another 12 to 18 months.
☆ The biggest blockbusters aren't in movie theaters right now — they're on TV: from 'The Rings of Power' to 'House of the Dragon'
  + stars: | 2022-09-07 | by ( Travis Clark | ) www.businessinsider.com   time to read: +4 min
The blockbusterization of TV has reached a peak with "The Rings of Power" and "House of the Dragon." Meanwhile, movie theaters are experiencing a dire lack of new releases. In fact, the future of "Star Wars" is largely streaming TV — a big loss for movie theaters. "The Rings of Power" is the most expensive TV series ever made, with a production budget of $465 million for the first season. Some examples: Apple is making a TV series set in the same universe as "Godzilla vs. Kong," and Disney is readying its own King Kong series.
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