Why do cinemas show so few movies now

New York
CNN Business

One important thing that will be missing from theaters this fall: the movies.

After “Bullet Train,” a Sony action movie starring Brad Pitt, hitting cinemas next week, the movie slate for August, September and October is deserted. It’s hard to find any blockbuster movies in the mix. In fact, there aren’t many movies that could open more than $50 million at the box office until a Marvel movie Black Panther: Wakanda Foreverwhich does not appear for the first time until November 11th.

Film scarcity comes in the year that’s already lagging behind pre-pandemic production Hollywood. At this point in 2019, there have been 63 releases nationwide in North America, according to Comscore.

. This year’s number is 39 — a 38% decrease from what it was three years ago.

Although late, 2022 May hold mostly its own. Ticket sales are down nearly 30% from pre-pandemic levels in 2019, which is pretty good given so few films are hitting theaters.

Where are all the movies? There is still a lot being produced and released, but many of them are either going straight to broadcast or being delayed because the industry faces many of the same problems as the rest of the economy.

In short, Hollywood has supply chain problems.

“A number of outstanding supply chain and product line backup issues have affected many films,” Boxoffice.com chief analyst Sean Robbins told CNN Business. “It’s important to remember that studios map out their release strategies from six months to a year or more in most cases.”

Robbins added that although the summer films were a “smash hit” in theaters, the industry “continues to play a role in catching up with audience sentiment and expectations for new content on the big screen.”

Think back to two years ago when studios were delaying movies almost every day as the coronavirus pandemic turned Hollywood upside down. The repercussions of those decisions are still being felt today.

There’s also another reason why theaters lack the normal number of movies: broadcasts.

As broadcasting becomes more focused for media companies, studios now find themselves offering both theaters and streaming equipment. Some of the seemingly perfect movies for theaters, like 20th Century Studios’ “Prey,” the next installment in the “Predator” franchise, are heading exclusively to the live stream rather than the big screen. In fact, many 20th Century Studio films and Searchlight Pictures are now going to Hulu.

“It is no secret that studios are looking to diversify their distribution strategies while live broadcasters want to expand their content offerings and compete among their subscriber bases,” Robbins said.

The live streaming strategy makes sense for many movies. “A big-budget movie that goes straight to live may have a low box office ceiling to start with,” Robbins added. Otherwise, there would be little “meaningful to cut off the profitable revenue stream”.

Although there may not be many successful films in theaters over the next few weeks, there are still films worth watching.

There are smaller films like the A24 horror movie, “Bodies Bodies Bodies” that starts August 5, “Don’t Worry Darling” starring Florence Pugh and Harry Styles on September 23, and the romantic comedy “Bros.” September 30, “Halloween Ends,” the next and potential movie in the Halloween franchise, on October 14 and “Black Adam,” a superhero movie starring Dwayne “The Rock” Johnson, on October 21.

Any of these films can surprise and find an audience.

There will also be blockbuster movies in older theaters with IMAX re-releases of “ET: The Extra Terrestrial” in August and “Jaws” in September.

Also, with so few films hitting theaters, this summer’s hits like “Top Gun: Maverick” And the “Minions: the rise of a puppy“It could continue to increase ticket sales.

So there are some silver linings for theaters over the next few months. However, that doesn’t change the fact that “Wakanda Forever”, Hollywood’s next leading hope, will be gone forever.