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Imax CEO Talks Hollywood Strikes Shaking Up Theatrical Release Schedule: “We’ll Fill Things In”
(www.hollywoodreporter.com)
this post was submitted on 06 Sep 2023
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I really hate how insanely profitable the film industry is yet almost all the wealth goes to a few obscenely wealthy people, while the regular workers who make films struggle. My knee-jerk reaction was that it's great that there's a slowdown of releases to put pressure on people, but I forgot how little movie theaters usually make on movies (I think they barely make any money on the movie and make most of their income on concessions).
It's great to see there's a way to keep theaters earning money while the writers continue their strike.
My understanding is all the money from there opening weeks goes to studios.
That's why a good theater with a receptive audience can make money by regularly showing classic films alongside the blockbusters: nearly all of that money goes to the theater.