Predicting price hike in movie tickets

He COVID-19 It definitely had a very strong impact on the entertainment industry. Yes, many video games were delayed, some series of TV They had to adapt new measures to continue filming, but in the case of cinema, we have not even had new films in months. With the vast majority of complexes closed, the large producers of Hollywood They chose to run their next releases until next year, so what future does the film industry have in store?

It is evident that these months are causing multimillion-dollar losses for cinemas, and not only due to the lack of premieres. Sanitation measures also cost them, so somehow they have to recover. According to AMC Theaters CEO Adam Aron, ticket prices could rise once the pandemic ends.

During the most recent shareholders’ meeting, it was announced that AMC Theatres it had lost $ 561 million dollars in just three months. As I said before, part of that is due to the lack of premieres, but apparently the biggest expense comes from the new sanitary measures. To cover this expense, movie theaters will have to get more money from their customers, and although yes, there is no doubt that the cinemas will become extremely popular once the pandemic has ended, it is estimated that the new sanitary measures will become a industry standard, and as a consequence, entry costs could increase.

Via: ComicBook