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Coronavirus Movie Theatre Reopening Thread | Release Date Changes/Production News | Theaters are dead. Long live streaming!

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https://deadline.com/2020/09/movie-theater-rescue-filmmakers-nato-mpa-dga-letter-to-congress-theaters-1234589055/

 

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Dear Leader McConnell, Speaker Pelosi, Leader Schumer, and Leader McCarthy:

 

Thank you for your leadership at this challenging time for our country. As you consider forthcoming COVID-19 relief legislation, we ask you to prioritize assistance for the hardest-hit industries, like our country’s beloved movie theaters.

 

No doubt you are hearing from many, many businesses that need relief. Movie theaters are in dire straits, and we urge you to redirect unallocated funds from the CARES Act to proposals that help businesses that have suffered the steepest revenue drops due to the pandemic, or to enact new proposals such as the RESTART Act (S. 3814/H.R. 7481). Absent a solution designed for their circumstances, theaters may not survive the impact of the pandemic.

 

The pandemic has been a devastating financial blow to cinemas. 93% of movie theater companies had over 75% in losses in the second quarter of 2020. If the status quo continues, 69% of small and mid-sized movie theater companies will be forced to file for bankruptcy or to close permanently, and 66% of theater jobs will be lost. Our country cannot afford to lose the social, economic, and cultural value that theaters provide.

 

The moviegoing experience is central to American life. 268 million people in North America went to the movies last year to laugh, cry, dream, and be moved together. Theaters are great unifiers where our nation’s most talented storytellers showcase their cinematic accomplishments. Every aspiring filmmaker, actor, and producer dreams of bringing their art to the silver screen, an irreplaceable experience that represents the pinnacle of filmmaking achievement.

 

As well as their critical cultural impact, theaters are economic force multipliers. In addition to the 150,000 employees working in cinemas nationwide, the industry supports millions of jobs in movie production and distribution, and countless others in surrounding restaurants and retailers that rely on theaters for foot traffic. Movie theaters are also leaders in employing underrepresented groups, including people with disabilities, senior citizens, and first-time job holders. Cinemas are an essential industry that represent the best that American talent and creativity have to offer. But now we fear for their future.

 

Theaters need specific relief targeted to their circumstances. We urge you to come together on a bipartisan solution that provides this relief, by reallocating unspent funds from the CARES Act toward programs designed for industries like movie theaters, or by enacting new proposals such as the RESTART Act. These solutions would fulfill Congress’s intent in helping severely distressed sectors of the economy and ensure that our resources are focused on the industries that need them the most.

 

Please fight for our country’s beloved and essential cinemas by including relief for them in any forthcoming COVID-19 legislation. Thank you for your leadership and for considering this request.

 

Sincerely,

John Fithian President & CEO, NATO
Russ Hollander, National Executive Director, DGA
Charles Rivkin, Chairman & CEO, MPA
Thomas Schlamme, President, DGA

Adewale Akinnuoye-Agbaje
Wes Anderson
Judd Apatow
Jon Avnet
Sean Baker
Noah Baumbach
Michael Bay
Susanne Bier
Barbara Broccoli
James Cameron
Antonio Campos
Damien Chazelle
Jon M. Chu
Sofia Coppola
Alfonso Cuarón
Lee Daniels
Dean Devlin
Clint Eastwood
Andrew Erwin
Jon Erwin
Paul Feig
Shana Feste
Scott Frank
Cary Joji Fukunaga
Greta Gerwig
Evan Goldberg
Paul Greengrass
Leslie Greif
Luca Guadagnino
Catherine Hardwicke
Alma Har’el
Albert Hughes
Allen Hughes
Alejandro Gonzalez Iñárritu
Barry Jenkins
Patty Jenkins
Rian Johnson
Miranda July
Nicole Kassell
Jon Landau
Francis Lawrence
Mimi Leder
Ang Lee
Rob Letterman
Shawn Levy
Richard Linklater
James Mangold
Sam Mendes
Adam McKay
Steve McQueen
Ted Melfi
Reed Morano
Christopher Nolan
David O. Russell
Todd Phillips
Guy Ritchie
Seth Rogen
Joachim Rønning
Michael R. Roskam
Martin Scorsese
M. Night Shyamalan
Zack Snyder
Steven Soderbergh
Joey Soloway
David E. Talbert
Betty Thomas
Emma Thomas
Liesl Tommy
Denis Villeneuve
Taika Waititi
James Wan
Lulu Wang
Chris Weitz
Paul Weitz
Michael G. Wilson
Edgar Wright
Joe Wright
Cathy Yan
David Yates

 

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Congress didn't bail out small businesses , how they going to save theaters ? Bet Disney will get a bigger bailout.

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22 hours ago, Ryan Reynolds said:

Congress didn't bail out small businesses , how they going to save theaters ? Bet Disney will get a bigger bailout.

The big comapnies get preferential treament over small busineese. This is news???????

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Posted (edited)

Cinemark is reopening locally on Friday.  They were going to open back in July when the plug was pulled on them, so I ain't surprised on that score.

 

So is Regal and one of the Cinema West locations.  The other Cinema West locations, with the exception of the small dinner theater (Paladio LUXE) look to be next Friday.

 

Look like about 90% of local theaters will be up and running by next week.

 

As a side note, one of the last holdouts for non-reserved seating switched over to reserved during the downtime (Century Folsom), though it looks like the two small Regals in Davis are still non-reserved.  Be interesting to see how they handle seating restrictions there.

 

Edited by Porthos
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On 9/30/2020 at 8:31 PM, Eric the Friendly Ghost said:

Very surprised to not see Spielberg's name on here.

 

Just saw that Greenland is now going VOD. You know there's no potential for the theatrical market at the moment when even the latest mediocre-looking Gerard Butler action nonevent doesn't want to be released in this environment.

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I think Hollywood will have to pitch in to save theaters, but they are waiting to after election to do anything if they have to 

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What’s the status of film production in the US?

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2 hours ago, DeeCee said:

What’s the status of film production in the US?

See my post just above.

 

There's a stop-and-start nature to things currently, from soap operas to studio films.  They are attempting to proceed, but every few weeks, someone on a project tests positive and things have to pause again.  In Vancouver, with some of the CW shows, there are problems with "bottlenecks of tests" that are holding things back. 

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12 hours ago, Ryan Reynolds said:

I think Hollywood will have to pitch in to save theaters, but they are waiting to after election to do anything if they have to 

 

No matter what happens in the election, they are gonna have to...there's no political will anywhere to fund the industry at the federal level...waiting isn't gonna help...

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AMC's stock quote makes no sense. Why is it not a penny stock by now?

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Yeah movie theaters aren't gonna be able to last a year at this point and who knows how much movies will make in Summer 2021. Definitely won't be anywhere close to what they'd be making pre pandemic.

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9 minutes ago, Cappoedameron said:

Yeah movie theaters aren't gonna be able to last a year at this point and who knows how much movies will make in Summer 2021. Definitely won't be anywhere close to what they'd be making pre pandemic.

AMC is not a good example. it was in deep,deep, finiancial trouble before the Covid hit.

 

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3 hours ago, TwoMisfits said:

 

No matter what happens in the election, they are gonna have to...there's no political will anywhere to fund the industry at the federal level...waiting isn't gonna help...

It won't die. PVOD will fail miserably as Mulan showed.

 

Tons of theaters will close. They will consolidate via bankruptcy. Unfortunately likely another 100k jobs down the toilet

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Posted (edited)
27 minutes ago, dudalb said:

AMC is not a good example. it was in deep,deep, finiancial trouble before the Covid hit.

 

Amc itself may die. Tons of people would love to buy their assets on the cheap. Their subscriber model can be successful once post pandemic life occurs and that is going to happen.

Edited by cdsacken

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10 minutes ago, cdsacken said:

Amc itself may die. Tons of people would love to buy their assets on the cheap. Their subscriber model can be successful once post pandemic life occurs and that is going to happen.

 

Maybe.  I'm not so sure.  50+ was a huge movie going bloc...and they've been convinced to never see a movie again.  It's gonna take time, money, and effort to move that mentality...and the industry is showing no desire to put any of those 3 things in right now.

 

Under 50 would subscribe...but have they already found somewhere else for their money...or will they have any disposable money for that type of expenditure? Not thinking they will in the short term, and not even possibly in the midterm... 

 

AMC will likely go bankrupt.  Whoever buys them may not be using their property for movie showing.  That will permanently shrink the domestic market.

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53 minutes ago, dudalb said:

AMC is not a good example. it was in deep,deep, finiancial trouble before the Covid hit.

 

It's not just AMC though.  Regal has already said they will run out of cash and need to raise by Dec/Jan.   There is no real hope in sight either because even if WW84 keeps its date there is not another movie that is likely to touch 200 million dom until at least April.  What chains are going to be able to go over a year with 1 hit movie?

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Wow so 2020 is totally dead for big movies, huh? Who’d could have seen this coming. 6 months ago.   
 

Anyway, release date shuffleboard has been a fun diversion in the meantime and I guess we’ve still got a couple more rounds to make things formal.

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Posted (edited)
22 minutes ago, jimisawesome said:

It's not just AMC though.  Regal has already said they will run out of cash and need to raise by Dec/Jan.   There is no real hope in sight either because even if WW84 keeps its date there is not another movie that is likely to touch 200 million dom until at least April.  What chains are going to be able to go over a year with 1 hit movie?

 

And it's not gonna help if this keeps being "wait til the vaccine is fully out" to release anything of value and to try to revive the industry in some way - vaccine makers are now saying "spring, maybe" and full vaccination taking another 12 months.  So, if the bumping keeps happening, now you're in spring 2022...

 

No industry in the world can survive 18-24 months of almost no revenue.  I mean in 6 months, Disney is making sweeping cuts, and they've had some revenue coming in and had an enormous cash stash...

Edited by TwoMisfits
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