Cinemark’s CEO, Sean Gamble, remains hopeful that the film industry will soon regain its previous pace of movie releases, as seen before the COVID-19 pandemic.
At the Morgan Stanley 2025 Technology, Media & Telecom Conference, Gamble expressed that despite the fact that the number of major film releases in 2025 might still be less than in 2019, he is optimistic about the industry’s progress and expects it to grow even further. He attributes this growth to studios like Amazon MGM, as well as independent studios, expanding their production lineup.
Gamble mentioned that Amazon MGM, which has been releasing around five films per year for the past couple of years, is looking to significantly increase its output. They aim to reach about 16 wide releases by 2027, a move that would substantially narrow the gap in production.
Gamble emphasized that the company’s move to establish an in-house international film distribution team instead of relying on a third party, along with their agreement to oversee the creative aspects of the Bond series (Amazon’s deal), demonstrates the company’s ambition to produce and release more movies.
He further stated that Cinemark is hopeful about additional theatrical releases from Apple, especially with the upcoming launch of F1. “In my opinion,” he continued, “a theatrical release fits perfectly within their distribution model and aligns with their goals for providing high-quality content on Apple TV.
In addition to A24 and Neon, Gamble anticipates these two independent studios will produce more movies in the near future following the success of “Anora”. He further suggests that an uptick in alternative content, including concert films and faith-based films, could fill out the rest of their release schedule. However, he acknowledged that it’s challenging to predict upcoming projects for alternative content like concert films since they tend to be produced quickly.
From the demand perspective, Gamble has noted steady crowds for captivating films at cinemas, while Cinemark anticipates a modest increase in their average domestic ticket price by 2025.
As a gaming enthusiast diving into the world of movies, I’m still pondering over how the rapid shift in the release strategy of films to Premium Video On Demand might influence viewer preferences. Will this earlier availability affect the traditional theater-going trend? Only time will tell!
He noted that the film’s performance since its release in theaters has been remarkably stable compared to pre-pandemic trends, and this consistency continues even when it becomes available on PVOD platforms. However, as audiences become more aware of the short windows for viewing, there may be a potential decrease in overall attendance in the future. This is something that will need to be observed over time.
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2025-03-05 01:55