The move could set off a wave of theater closures as cinema owners assess whether they can keep the marquee lights on until “Wonder Woman 1984,” the next potential blockbuster slated for release this year, opens at Christmas. It also shows that even the most potent film franchise is no match for a coronavirus pandemic that has shattered the theatrical distribution landscape.
As it currently stands, movie theaters are looking at an October and a November that are largely devoid of major titles — a situation that’s been exacerbated by the disappointing box office returns for “Tenet,” the Christopher Nolan epic that opened in September. Pixar’s “Soul” is still scheduled for Nov. 20, but there are mutterings that film could move as well.
“I don’t see any big-budget film opening until New York and Los Angeles have reopened,” said Eric Handler, a media and entertainment analyst at MKM Partners. “The economics just don’t work.” Earlier this week, nearly 100 top filmmakers, a list that included such bold-faced names as Steven Spielberg, Martin Scorsese, Greta Gerwig, Clint Eastwood, Jordan Peele, and James Cameron, prevailed upon the federal government to come to the aid of theaters., they argued that nearly 70% of small and mid-sized movie theater companies will go broke if there isn’t some sort of assistance in the form of loans and other sources of financial support.
“If we don’t have any movies until we’re fully vaccinated as a world, a lot of the theater companies are going to be gone and the theaters themselves won’t be there,” he said. “So your infrastructure to play your movies and get grosses will not be the same. This idea of waiting out the pandemic to make your movies more profitable doesn’t make sense to me. There won’t be as much of an industry left to play your movies in if you do that.
“Tenet” will likely lose money, but its overseas results are preventing it from being an epic disaster. Prior to its move, some box office watchers surmised that “No Time to Die” would stick to its release plan because of its international appeal: Bond entries can make as much as 60% of box office earnings from overseas markets.
What if some of huge 007 fans died before next April, come on just release.
Does anyone want to see the modern woke Bond anyway?
Why do they assume everything will be ok by April? Keep moving every major release back and the studios may find they'll be no cinemas left to show them in! releasebond
Will we? We waited until now just for them to move it again. What makes you think we’ll see it in April or that there will be anywhere to see it?
Good. So, they have plenty of time to change the Love Boat font in the credits.
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