August 16, 2022

Pandemic-battered movie theaters are feeling good after a strong June.

Moviegoing in May was down 26 percent from May 2019, for instance. April was down 44 percent.

June benefited from a mix of movies. “Top Gun: Maverick” (Paramount) collected more than $535 million in North America since arriving on May 27, while “Jurassic World Dominion” (Universal) has sold about $315 million in tickets over the last three weeks. The animated “Lightyear” (Disney-Pixar) has chipped in about $100 million since its June 17 release, while “Elvis” (Warner Bros.) has taken in nearly $50 million since arriving a week ago, a very sturdy total for a musical biopic. “The Black Phone” (Universal), a low-budget horror movie, has generated about $35 million over the same time frame.

And the zany indie “Everything Everywhere All at Once” (A24) continues to chug away at art houses, collecting an impressive $66.4 million since late March.

After years of delaying releases and rerouting films to streaming services, studios are stocking the multiplex shelves again. This month, 11 wide releases are planned, one more than in July 2019, according to Mr. Gross. The lineup includes “Thor: Love and Thunder,” “Where the Crawdads Sing,” “Paws of Fury: The Legend of Hank” and Jordan Peele’s “Nope.”

“We have consistently stated that a steady stream of diverse, compelling new film content, along with improving moviegoer sentiment, would be driving forces behind the re-ignition of theatrical exhibition,” Sean Gamble, the chief executive of Cinemark, one of North America’s largest multiplex operators, said in an email. June was Cinemark’s highest-grossing month since the start of the pandemic.

Article source: https://www.nytimes.com/2022/07/01/business/media/movie-theaters-june.html

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