Greg Marcus said Marcus Theaters’ first quarter sales increased a year ago; That the cinematic shale, despite the improvement, is not yet back as it was before Kovida; And that while the studios are betting on the windows of the theaters, the big streamers do not have, despite – in their opinion – the absolute arguments of a film premiere.
“We are talking to all these guys. We are in talks with them. Let’s find out how to work with your models. I have nothing to report on this call today. “We are ready to show your movies,” she told Wall Street analysts, who posted the earnings.
“I’ve never lost sight of the fact that the first day Apple launches a new iPhone, people line up. “They created limited supply and demand and it worked very well for them,” Marcus said.
Theatrical cuts leave money on the table, especially for expensive IPs. Piracy that erupts the moment a pristine digital copy is available seems to stand in the way of the argument, he said.
Meanwhile, there is optimism about the updated stream of films available on the big screens, through the windows. “We’re not back to where we were in terms of content yet,” Marcus said, citing a permanent delay when production slowed in 2020. “This isn’t a straight line. The road will be full of potholes. But the trend. it’s really positive. ”On all fronts, including windows.
He argues that the real battle is between broadcast and television programming. “Theater is a differentiated experience” and people want to leave the house.
“At the end [studios/streamers] They want to maximize the revenue from their intellectual property because they are in very competitive segments. Then, when the film will be released on Streamer, exclusively, “it will have the patina, the halo in the room, which will bring additional revenue, it will not cause any reduction in revenue on the streaming side”.
Marcus Theaters, under the direction of Rolando Rodríguez, is one of the largest theaters in the country. Admissions revenue increased $ 38 million in the March quarter from $ 11 million a year ago. Preferred sales increased from $ 35 million to $ 10 million. The network said it outperformed the industry by 4.7 percentage points in the quarter, according to Comscore.
presale for Doctor Strange in many worlds of madness Tickets are seconds away from the pandemic spiderman: no way home, They are tired Downton Abbey: A New Era, Top Gun: Maverick (which yesterday had the first massive Tom Cruise helicopter in San Diego), Jurassic World: Dominion, Lightyear and Black Phone.
Marcus also owns a chain of hotels, mainly in the Midwest. He recorded consolidated revenues of approximately $ 51 million from $ 132 million. The net loss dropped from $ 28 million to $ 15 million.
Source: Deadline
I am Anne Johnson and I work as an author at the Fashion Vibes. My main area of expertise is beauty related news, but I also have experience in covering other types of stories like entertainment, lifestyle, and health topics. With my years of experience in writing for various publications, I have built strong relationships with many industry insiders. My passion for journalism has enabled me to stay on top of the latest trends and changes in the world of beauty.
