Study: Exhib profits to soar

Bankruptcies haven't hurt filmgoers

LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research.

In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have failed to materialize. The number of U.S. screens has fallen by just 421 since 1999, even though the seven largest companies have closed 2,400 screens.

“Many nonviable screens are suddenly becoming viable and being re-opened by other exhibitors,” says the report’s author, Karsten Grummitt.

He argues that the bankruptcies were the result of excessive leveraging, resulting in short-term debts that were untenable, while overexpansion spread revenues too thinly.

Since 1990, the number of cinema screens has grown at twice the rate of admissions.

More Film

  • No Merchandising. Editorial Use Only. No

    'The Graduate' Soundtrack Turns 50: How 'Mrs. Roosevelt' Became No. 1 Hit 'Mrs. Robinson'

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • GLAAD Media Awards nominations

    GLAAD Media Awards Nominees: Full List

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • Box Office: 'Den of Thieves' Tops

    Box Office: 'Den of Thieves' Outshoots '12 Strong' on Thursday Night

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • '306 Hollywood' Review

    Sundance Film Review: '306 Hollywood'

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • moviepass card

    Sundance: MoviePass Announces It Will Acquire Films

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • Bac Films Kicks Off 'We Need

    Bac Films Kicks Off 'We Need Your Vote' (EXCLUSIVE)

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

  • Gaumont Leaps Into Comicbook-Based 'Tricky Old

    Gaumont Leaps Into Comicbook-Based 'Tricky Old Dogs' (EXCLUSIVE)

    LONDON — U.S. exhibition profits will rise 30% by 2006, when domestic box office will top $10 billion, according to a new report from U.K.-based exhib research specialist Dodona Research. In “Moviegoing USA,” Dodona observes that the screen closures that were expected to follow the spate of exhib bankruptcies in the past two years have […]

More From Our Brands

Access exclusive content