Transcript

The Surprising (Very Large) Corner of the Cineplex That Might Save Movies · Direct From Hollywood with Ryan Seacrest

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Speaker 1: Direct from Hollywood with Ryan Seacrest.
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Speaker 2: While the cinema industry has been struggling to film theaters
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Speaker 2: in general over the past few years, and particularly since
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Speaker 2: the pandemic, business in one very large corner of the
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Speaker 2: cineplex is booming, bringing in a record hitting billion plus
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Speaker 2: dollars in ticket sales last year. Most recently, Godzilla ex
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Speaker 2: Kong the New Empire breaked in eighty million domestically opening weekend,
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Speaker 2: with Imax and large formats responsible for half a ticket sales.
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Speaker 2: June Part two has also continued to perform well at
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Speaker 2: Imax theaters well after its release, earning one hundred and
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Speaker 2: thirty four million of its six hundred and twenty seven
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Speaker 2: million at the box office, a record breaking share. Theory
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Speaker 2: is that despite its higher ticket price, audiences are willing
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Speaker 2: to shell out to experience a movie in a way
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Speaker 2: that even the state of the art home theaters can't rival,
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Speaker 2: and with the demand, some experts predict more and more
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Speaker 2: Imax theaters will start popping up nationwide.
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Speaker 1: That's direct from Hollywood,