Tuesday, March 25, 2025
Year : 2, Issue: 30
Reuters: Tom Cruise takes on what may be his final “Mission: Impossible,” a new Superman will wear the red cape, and the record-setting “Avatar” sci-fi series will return to movie theaters this year.
Those films and more are giving cinema operators hope that the long recovery from the COVID-19 pandemic will continue in 2025. Five years after the start of the health crisis, moviegoing has not fully rebounded.
Box office receipts totalled $8.6 billion last year in the United States and Canada, 25% below the pre-pandemic heights of $11.4 billion in 2019.
“That complex matrix of filmmaking, where everyone wants the best talent and the best actors and the best sets, it takes a long time to get that running again,” said Tim Richards, founder and CEO of Europe’s Vue Cinemas. “2025 is going to feel the tail end of that.”
Top names in the movie business will gather at the annual CinemaCon convention in Las Vegas early next month to talk about the state of the industry.
The conference draws executives from Hollywood studios and multiplex operators such as AMC Entertainment, Cinemark and Cineworld as well as owners of single theaters in small towns.
“The theater-going experience is under threat,” he said, noting that the number of screens shrunk during the pandemic.
