Marcus Theatres Says Lighter Film Slate Clipped Third Quarter, CEO Upbeat On ‘Avatar’, Upcoming Releases
deadline.comMarcus, the fourth largest U.S. movie chain, said a trickle of films for the three months ended in September impacted earnings but were offset by the recovered Marcus Hotel & Resorts, which surpassed pre-pandemic revenues.
Both businesses were up from last year but theaters saw a slowdown from Q2 to Q3. “This not only highlights the strength of the recovery in our hotels and resorts division but underscores the value of our diversified business model.
As expected, Marcus Theatres was impacted by a lighter film slate during the quarter; however, customers continued to show their desire to come out to the movies for several films that delivered great performances.
We are excited about the quality of new films releasing in the coming months, with anticipation building for the debut of Avatar: The Way of Water, the sequel to Avatar, the highest grossing film of all time,” said CEO Greg Marcus.
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