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CHESTERTOWN â Chesapeake Movies is out of business. Cambridge Premier Cinemas is closed. Easton Premier Cinemas is open on the weekends only. The novel coronavirus forced the permanent closure of one movie theater and is pushing the two remaining ones on the Mid-Shore to the brink.
The plight of the local cinema industry follows a story that is repeating across the country, including for national chains such as AMC, which was on the verge of bankruptcy this year. But local theaters, which are operated by small, private companies, are struggling the most.
With revenues that have fallen nearly 100%, capacity restrictions and mandatory closures in some counties, there is no clear way forward for smaller movie theaters. John Fithian, head of the National Association of Theatre Owners, has been quoted saying 70% of small and mid-size theaters will face bankruptcy by January 2021.
Trump signs $900bn Covid relief package into law screendaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from screendaily.com Daily Mail and Mail on Sunday newspapers.
Most Colorado movie theaters remain closed but preparing for impacts of industry changes
COLORADO SPRINGS, Colo. (KRDO) When a new blockbuster movie is coming out, are you a traditionalist who will watch it at a theater?
Or are you part of the new generation that would rather watch it at home via one of the many online streaming services?
It s a decision that more customers will face, and part of a trend that is already changing how movies are released and may ultimately have significant impacts on the theater industry.
On Christmas Day, Warner Brothers Pictures will release