At CinemaCon, the studios pledged they would open their movies exclusively in theaters going forward, but movie-going habits might be irrevocably transformed. That's the time, historically, around three months, from when a film hits the multiplex to when it premieres on places like Netflix or HBO Max. HORN: Unlike most other studios, Sony preserved what's known as a theatrical window. Not only can it survive, it can overcome a global pandemic, which it's in the process of doing. ROTHMAN: I would say the business doesn't survive and actually thrives. Without adjusting for inflation, that makes Spider-Man the third-highest grossing domestic release ever.
HORN: The Sony-Marvel movie has grossed more than $800 million in domestic theaters so far. TOM HOLLAND: (As Peter Parker) But how do you tell someone that you're Spider-Man? (SOUNDBITE OF FILM, "SPIDERMAN: NO WAY HOME") HORN: On December 17 last year, in the middle of the omicron surge, Sony Pictures released "Spider-Man: No Way Home." And there's optimism about our patrons coming back out to cinemas. HORN: John Fithian is the president and CEO of the National Association of Theater Owners, which stages CinemaCon.įITHIAN: There's optimism about the coming movie slate.
JOHN FITHIAN: The attitude in the hallways, the conversations with the members who operate motion picture theaters around the country and around the world then versus now is dramatically different. And people are returning to theaters even if attendance remains well below pre-pandemic levels. HORN: Spoiler alert - Tom Cruise's Maverick survives. TOM CRUISE: (As Pete "Maverick" Mitchell) In three, two, one.
At CinemaCon, movie studios bring in stars and show hours of film clips and sometimes entire movies, like the new Top Gun sequel, for theater owners hopeful their upcoming releases will lure audiences back to the multiplex. HORN: And all the while, movie fans bolted to streaming sites by the millions. PONCI GALLEGOS: It's been kind of dismal. Theaters and vending machines account for a little less than two-thirds of all American licorice sales. Ponci Gallegos is a national sales manager for American Licorice, the makers of Red Vines. Entire chains and mom and pop venues closed for good. In 20, the combined ticket sales were just a bit more than half of that. HORN: Three years ago, domestic box office receipts totaled $11.4 billion. TOM ROTHMAN: We went through a near-death experience. Tom Rothman is the chairman and CEO of Sony Pictures Entertainment's Motion Picture Group. Few national businesses were as decimated by COVID as movie theaters.
They had come to Las Vegas for CinemaCon, an annual convention for movie theater owners who are looking for hit films to bring customers back to their multiplexes. The thousands streaming into the arena this week were talking about different blockbusters, those that didn't yet exist. JOHN HORN, BYLINE: It felt a little like a reunion of Titanic survivors, and the setting fit - The Colosseum at Caesar's Palace in Las Vegas, where Celine Dion, who sang the blockbuster film's famous ballad, played for years. John Horn from Southern California Public Radio has this report.
They met in Las Vegas for their first full convention in three years. Will big audiences ever return to movie theaters? That was the big question hovering over a gathering of movie theater owners this week.