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#B grade movies in theatres movie#
Additionally, a number of these movie theater companies have invested a significant amount of money into new HVAC systems. The program calls for mandatory masks, social distancing, staggered showtimes and seating as well as increased disinfecting of auditoriums, concession areas and restrooms. Nearly 400 theater companies, including B&B Theatres, have adopted a new program called CinemaSafe, which was developed with the help of NATO and epidemiologists to make going to the movies as safe as possible during the pandemic. "In New York, we will continue to track the data and the science, and we will make a decision on re-opening them here when health experts determine it is safe to do so."Ĭuomo's administration did not respond to CNBC's follow-up request for additional information about how it is tracking data and what would need to happen in order for the state to allow movie theaters to reopen. "Movie theaters and similar activities around the state remain closed, as they present the challenge of customers sitting for long periods in an enclosed space with the potential for activities such as eating and drinking that require a mask to be removed," he said. Now there are only four major films on the slate for the rest of the year: Universal's "The Croods: A New Age," 20th Century's "Free Guy," Paramount Pictures' "Coming 2 America" and "Wonder Woman 1984." And even those films' release dates could change. also delayed its new "Matrix" and "The Batman." "Black Adam" no longer has an official release date. "Dune," which was supposed to come out in December, was postponed until next year after the Cineworld news was announced. locations, including more than 500 Regal cinemas domestically. The theatrical calendar became even more vacant this week after Cineworld, the second-largest theater chain in the world, shuttered all of its U.S. In the wake of weak ticket sales in September, "Wonder Woman 1984" was moved from its October release date to Christmas and "Black Widow" and "No Time to Die" were postponed to 2021. The exhibition industry thrived before this pandemic and it will thrive again, but theaters and their employees need a bridge to get them to that point."īagby said his company has lost millions this year and the only hope for B&B Theatres is new content. "The stark reality is that many movie theaters will not be able to open again if they don't receive government help," Esther Baruh, director of government relations for NATO, said in a statement. If that trend continues, the organization, which represents more than 33,000 screens in 50 states, said that 69% of small and mid-sized cinema companies would be forced to file for bankruptcy or close permanently. In the second quarter, around 93% of movie theater companies reported revenue that was down by about 75% from a year ago, according to NATO. This is not your fault.' But it doesn't help. And that's the thing that's so hard, and I keep telling my dad, 'You didn't do anything wrong. "The government shut us down, so we would hope they'd help us," Bagby said. He said his sister Bobbie, who oversees the company's marketing, has made hundreds of calls to government officials lobbying for financial aid. His father, Bob Bagby, is the CEO, and his siblings, Bobbie Bagby Ford and Brittanie Bagby Baker, also hold executive vice president roles.īrock Bagby has been working with the National Association of Theatre Owners as well as with rival theater chains to get relief for cinemas. It's bad."īagby is part of the fourth generation of his family to operate the theater chain.
"If we run the course that we are running now, we are probably a few months out. "We are probably a few months out if nothing changes," he said. With Hollywood delaying the release of major blockbusters until next year, Brock Bagby, an executive vice president at B&B Theatres, said there's little hope the business can keep running.
#B grade movies in theatres full#
During that time, B&B Theatres was unable to pay full rent and had to spend hundreds of thousands of dollars to repair its projectors because the machinery had sat unused for so long.
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