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Major movie theater chain admits the industry could be in trouble until 'Black Panther: Wakanda Forever' is released in November

1 month ago   |   By Business Insider

"Black Panther: Wakanda Forever." Disney
Cineworld acknowledged that theatrical attendance is dwindling and blamed "a limited film slate." 43 movies had received a wide release in the US ahead of this past weekend, compared to 68 at the same point in 2019.
Studios are releasing fewer movies to theaters due to pandemic-related delays and a shift to streaming.
Cineworld, the world's second largest theater chain after AMC Theatres and owner of Regal, said on Wednesday that it is "evaluating various strategic options" in the face of slowing attendance. "Despite a gradual recovery of demand...
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