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Cinemark on Wednesday said it’s taking a
slew of measures to tempt back moviegoers
as it reopens. Those include discounting and
vigorous cleaning protocols for theaters, like
disinfecting seats in the mornings and before
each showtime. It will also require employees
— but not customers — to wear masks and will
stagger showtimes to thin out crowds.
The company also said it would stay in the black
even if local governments only allow it to sell
half of its seats to keep customers separated,
which the company expects governments
will allow for most places in the U.S. by mid-
July. Cinemark CEO Mark Zoradi said that even
“below that level,” the chain’s theaters can be
“very, very profitable.”
Local rules for theaters vary across the U.S.
New York City has not even begun to reopen,
and California hasn’t gotten to that phase of its
reopening yet. In Texas, theaters are allowed to
be at 25% capacity.
Theater chains are also concerned that film
studios could push more movies straight to the
streaming services that they own. Since the
pandemic shut down theaters, entertainment
companies have delayed most movies. But
Comcast’s NBCUniversal released “Trolls World
Tour” on video on demand in April, triggering
an angry response from the theater industry,
and Disney will release “Artemis Fowl” to its
streaming service, Disney Plus, in June, rather
than theaters.
Research firm MoffettNathanson expects box
office receipts in the U.S. and Canada to drop
50% in 2020, to $5.5 billion from $11.4 billion
in 2019, and then to rebound to $9.7 billion in
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