![mbox office movies mbox office movies](https://bloximages.chicago2.vip.townnews.com/tucson.com/content/tncms/assets/v3/editorial/4/0e/40e4f4da-c5af-11e4-b0ab-439fcff2e092/54f4fff0b8a55.image.jpg)
Since the start of the key summer movie season, films have generated $3.2 billion in ticket sales, still down about 20% from the same period of time in 2019, according to data firm Comscore. and the rest of the world was only delayed by the box office rally of the first half of summer.
![mbox office movies mbox office movies](https://images-na.ssl-images-amazon.com/images/I/41PsnQw%2BgCL._SX300_QL70_.jpg)
The financial struggles of the big theater chains have raised the specter that the long-predicted contraction of movie theaters in the U.S. “Anything distracting or destabilizing our biggest competitor brings opportunity to AMC,” he said in the tweet. In December, after a Canadian court hit Cineworld with about $1 billion in damages for scrapping a merger with Canadian chain Cineplex, Aron tweeted a picture of cash. This is not the first time Aron has responded publicly to a setback for his biggest competitor. Its debt stands at about $5.4 billion, according to a regulatory filing. “Accordingly, we remain confident about AMC’s future.”ĪMC’s stock fell $2.07, or 10%, to $19.29. “AMC ended the second quarter of 2022 with more than $1 billion of liquidity, thanks to significant amounts of cash raised in calendar years 20,” Aron said. He also touted the upcoming release of a new security dubbed AMC Preferred Equity - or APE, in a nod to the retail traders’ nickname for themselves - which begins trading on the New York Stock Exchange on Monday. This latest lull was brought on by a combination of factors, including COVID-19-driven production delays, a bottleneck at visual effects firms and a winnowing of the industry as more films go to streaming services instead of theaters.Īron, in a written statement, acknowledged the weak box office, which was expected, but said he’s still “quite optimistic” about the recovery of the company’s theaters. The box office drought has put major pressure on some of the biggest cinema chains. 21 debut of Warner Bros.’ “Black Adam,” a DC superhero movie starring Dwayne Johnson. In fact, there are precious few probable hits on the release schedule until the Oct. Since the so-so debut of Sony Pictures’ Brad Pitt action movie “Bullet Train” early this month, which grossed $30 million during its opening weekend, there have been no Hollywood releases with realistic blockbuster potential.
#Mbox office movies series
The box office bounty of “Top Gun: Maverick” now feels long past for the world’s biggest cinema operators.Īfter a series of movies including the “Top Gun” sequel, “Minions: The Rise of Gru” and “Thor: Love and Thunder” brought waves of audiences back to cinemas, the cinema industry is facing a severe dry spell.