Theaters have been forced to innovate, even as Hollywood production returns to normal and studios offer more movies for release than they were able to during the earlier stages of the pandemic.Īs the space contracts, cinema operators are investing in the basics, improving sounds, picture quality and seating as well as in bolstering its food and beverage offerings, events and alternative programming. Rodriguez said that most newly built locations will range between 12 and 16 screens and those with larger, preexisting footprints will look to repurpose some space for supplementary activities for moviegoers, like arcades, bowling alleys or bars. "Consumers are a lot more selective, and I think that for the economics that are necessary, you're not going to see these 30-plexes anymore." "Think about retail out there in general, it's repositioning itself, you don't have as many of the same branded stores in the marketplace," said Rolando Rodriguez, chairman of the National Association of Theatre Owners. For many, that meant closing locations or selling off leases. A number of regional chains have shuttered for good, while others were left to reevaluate their financial footing. This consolidation was a direct result of the Covid pandemic, which shut down theaters for a time and triggered a surge in streaming subscriptions. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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