The number of wide releases in 2023 is more than 40% higher than 2022 and approaching the number of wide releases in 2019,” the report said. “Box office, on a film-by-film basis, has rebounded to 2019 levels, limited only by the number of wide releases in the marketplace. It remains to be seen how many of those closures are permanent and how many will re-open under new ownership,” the report added.īrenneman also repeatedly stressed that the health of the box office recovery is tied to the number of wide releases from Hollywood studios.

“While many expected mass closures of theaters due to the pandemic, the number of screens has decreased by only 5.25%. “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.”ĭuring a briefing call with press, Brenneman and NATO’s Patrick Corcoran said it was impossible to know if all the screens lost in the U.S. “Data and research are the essential tools we use to drive forward cinema innovations,” said Jackie Brenneman, president of the Cinema Foundation.

The report also detailed the importance of theatrical over streaming, the dangers of piracy when a movie goes to the home early, consumer sentiment about the theatrical experience, and industry innovations and opportunities going forward. The Cinema Foundation report says there are 107 movies set to be released in 2,000 or more theaters this year, up dramatically from 71 in 2022 and down only somewhat from 112 in 2019. The number of movie screens grew from 200,949 to 212,590, a 5.8 percent jump. and Canada, the North American count has gone from 44,283 to 42,063 screens, a narrower loss of 5 percent. The general tone of the report was upbeat as the exhibition industry emerges from the COVID-19 crisis, even as it revealed that the number of movie screens in the U.S. Box Office: 'Scream VI' Scares Off 'Creed III,' '65' With Series-Best $44.5M Opening

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