viewed here, shows that the number of movie screens in the U.S. and Canada declined by 5% between 2019 and 2022 from 44,283 to 42,063 screens.
The Cinema Foundation says it is unclear how many of those screens can directly attribute their closure to financial strain brought by the pandemic or how many may be brought back by theater chains acquiring and reopening closed multiplexes.
On the brighter side, the report shows that the average domestic box office total of films released in 2022 climbed to $91.7 million, slightly above the $90.2 million average recorded in 2019.
The difference between the $11.3 billion domestic total of 2019 and the $7.5 billion total of 2022 has been the number of wide release films on more than 2,000 screens, with the report tallying 71 such films in 2022 compared to 112 in 2019. “Data and research are the essential tools we use to drive forward cinema innovations,” said Jackie Brenneman, president of the Cinema Foundation in a statement. “What we found from our multiple research partners is that the future of the moviegoing experience looks bright and that a number of new opportunities exist for both exhibitors and studios.”In 2023, the Cinema Foundation currently estimates that the wide release film count will increase by 50% to 107.
Read more on thewrap.com
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