‘No Happy Ending for Movie Theatres’, Argues WSJ – No Matter Who Wins Warner Bros.

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Regardless of who ends up owning Warners Bros., “the outlook for theatrical movies is dimming,” writes a Wall Street Journal tech columnist, noting that this year’s U.S. box office of $8.3 billion (as of December 25) “is a bit below last year’s and well below prepandemic levels of around $11 billion.”

Warner has historically been one of Hollywood’s largest producers of theatrical films, averaging about 22 releases annually in the pre-Covid years of 2015 to 2019,…



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‘No Happy Ending for Movie Theatres’, Argues WSJ – No Matter Who Wins Warner Bros.


Regardless of who ends up owning Warners Bros., “the outlook for theatrical movies is dimming,” writes a Wall Street Journal tech columnist, noting that this year’s U.S. box office of $8.3 billion (as of December 25) “is a bit below last year’s and well below prepandemic levels of around $11 billion.”

Warner has historically been one of Hollywood’s largest producers of theatrical films, averaging about 22 releases annually in the pre-Covid years of 2015 to 2019,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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