Is The Death Of Movie Theaters Upon Us?
Technology tamfitronics The Alamo Drafthouse chain was acquired by Sony Pictures this week following Alamo's bankruptcy ... filingCourtesy of Sony PicturesThis question is becoming as ubiquitous as bankruptcy filings by theater chains. Spoiler Alert: I don’t think the end of movie theaters is growing near. But 2024 is certainly testing my confidence. Box office for the entire month of May was $ 520 million. You have to go back to May 1998 ($ 510 million) to find a worse start to the summer blockbuster season. To put it in perspective, every film released last month (The Fall Guy, Angry, Garfield the Movie, Kingdom of the Planet of the Apes among others) combined to make less money than Avengers: Endgame (2019) made in its first eight days of release.The comparison is certainly not apples-to-apples....