{"id":127152,"date":"2021-06-01T13:26:49","date_gmt":"2021-06-01T13:26:49","guid":{"rendered":"https:\/\/precoinnews.com\/?p=127152"},"modified":"2021-06-01T13:26:49","modified_gmt":"2021-06-01T13:26:49","slug":"movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/","title":{"rendered":"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million"},"content":{"rendered":"<ul>\n<li>Domestic cinemas tallied nearly $100 million in ticket sales over the four-day Memorial Day weekend.<\/li>\n<li>Paramount&#x27;s &quot;A Quiet Place Part II&quot; boasted a $48.4 million three-day haul for the highest film debut of the pandemic.<\/li>\n<li>Disney&#x27;s &quot;Cruella&quot; added another $27 million for the four-day weekend.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>DIS<\/span><\/li>\n<li><span>VIAC<\/span><\/li>\n<\/ul>\n<p>The box office is bouncing back.<\/p>\n<p>Over the four-day Memorial Day weekend, North American cinemas tallied nearly $100 million in ticket sales, the best performance since the start of the pandemic.<\/p>\n<p>Although less than half of the $232 million haul garnered over the same weekend in 2019, this weekend is a bellwether for the movie theater industry.<\/p>\n<p>&quot;Any studio executive&#x27;s belief that a movie belongs on streaming, that model is shattered with the numbers [from this weekend],&quot; said Joseph Masher, chief operating officer of Bow Tie Cinemas, on CNBC&#x27;s &quot;Worldwide Exchange&quot; Tuesday. &quot;The profitability of [movies] is exclusive to the theater. We&#x27;ve proved it this weekend.&quot;<\/p>\n<p>The weekend boasted a $48.4 million three-day haul for Paramount&#x27;s &quot;A Quiet Place Part II,&quot; the highest film debut during the pandemic. For the full four-day holiday weekend, the film garnered $57 million.<\/p>\n<p>The film opened just shy of the first &quot;A Quiet Place,&quot; which took in $50 million across its first Friday, Saturday and Sunday in theaters in 2018. Notably, only 72% of theaters were open for the sequel.<\/p>\n<p>The film&#x27;s strong opening suggests &quot;the demand for theatrical experiences has returned even as some movie theaters in the country continue to operate under certain restrictions,&quot; Alexia Quadrani, analyst at JPMorgan, wrote in a research note to investors Tuesday.<\/p>\n<p>Disney&#x27;s &quot;Cruella&quot; added another $27 million for the four-day weekend, a more muted result as the film was made available in theaters and on Disney+ for $30.<\/p>\n<p>A number of studios began experimenting with different release strategies during the pandemic as they waited for movie theaters to recover. Disney created premiere access, a $30 one-time cost to watch a new blockbuster feature. <\/p>\n<p>As cinemas have reopened and vaccination rates have increased, the company has opted to release more films in theaters and offer this at-home streaming option at the same time.<\/p>\n<p>Warner Bros.&#x27; made the decision earlier this year to release its entire slate on HBO Max and in theaters on the same day. Meanwhile,\u00a0Universal\u00a0and\u00a0Paramount\u00a0have struck deals with movie theater chains for shorter theatrical windows that allow the studios to place features on streaming services earlier than in previous years.<\/p>\n<p>But Masher expects that trend to reverse as the pandemic eases. <\/p>\n<p>&quot;Sitting in the room with strangers, even post pandemic, is something you can&#x27;t get some place else,&quot; Masher said. &quot;&#x27;The Conjuring&#x27; is coming this week. It will do well. &#x27;In the Heights&#x27; is in two weeks. It will be available on streaming services as well. The studios are realizing that theater exclusive is the way to go.&quot;<\/p>\n<p>In fact, while Disney will release &quot;Black Widow&quot; and &quot;Jungle Cruise&quot; in theaters and on Disney+ for $30, its September release &quot;Shang-Chi and the Legend of the Ten Rings&quot; will be a theatrical exclusive.<\/p>\n<p>Other major blockbuster releases coming this summer and fall include &quot;F9,&quot; &quot;Dune,&quot; &quot;Snake Eyes,&quot; &quot;Free Guy,&quot; &quot;Eternals,&quot; &quot;The Green Knight,&quot; &quot;The Suicide Squad,&quot; &quot;Venom: Let there be Carnage,&quot; &quot;Spider-Man: No Way Home&quot; and &quot;No Time To Die.&quot;<\/p>\n<p>&quot;We are back and not going anywhere,&quot; Masher said.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/01\/movie-theaters-made-a-comeback-over-memorial-day-weekend.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Domestic cinemas tallied nearly $100 million in<\/p>\n","protected":false},"author":3,"featured_media":127151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Domestic cinemas tallied nearly $100 million in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-01T13:26:49+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Movie-theaters-made-a-comeback-over-Memorial-Day-weekend-raking-in-nearly-100-million-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/\",\"url\":\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/\",\"name\":\"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-06-01T13:26:49+00:00\",\"dateModified\":\"2021-06-01T13:26:49+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/","og_locale":"en_US","og_type":"article","og_title":"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News","og_description":"Domestic cinemas tallied nearly $100 million in","og_url":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/","og_site_name":"Pre Coin News","article_published_time":"2021-06-01T13:26:49+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Movie-theaters-made-a-comeback-over-Memorial-Day-weekend-raking-in-nearly-100-million-.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/","url":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/","name":"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-06-01T13:26:49+00:00","dateModified":"2021-06-01T13:26:49+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/movie-theaters-made-a-comeback-over-memorial-day-weekend-raking-in-nearly-100-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Movie theaters made a comeback over Memorial Day weekend, raking in nearly $100 million"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/127152"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=127152"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/127152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/127151"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=127152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=127152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=127152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}