Can Movie Theaters Survive. The US movie theater industry has been clinging to the hope that a future blockbuster would save its devastated business. Sara Fischer, Axios media reporter, and Ed Lee, corporate media reporter for the New York Times, join "Squawk Box" to discuss.
A movie theater in Brea, Calif., has shuttered its doors due to the coronavirus pandemic. News about a film that can be a jumping-off point for box office predictions is also allowed. Since the start of the pandemic in.
Sara Fischer, Axios media reporter, and Ed Lee, corporate media reporter for the New York Times, join "Squawk Box" to discuss.
And they get most of their revenue from concessions, not from the films on their screens.
Thanks to a strange set of family circumstances, I spent my senior year crashing on the couches, futons and guest beds of a half-dozen friends. Theaters now depend on tentpole blockbusters to cover losses from smaller films with less mass appeal. Movie theaters have endured world wars, depressions and recessions, and the advent of everything from television to streaming.
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