North American movie theater box office plunges sharply, widespread losses
The North American box office experienced a significant decline in the first half of the year, totaling $3.555 billion, a year-on-year decrease of 19.2%. Major theaters such as AMC, Regal, and Cinemark are facing challenges with declining operating income and net profits. AMC holds a market share of 24%, with operating income of $1.982 billion and a loss of $196 million. Regal holds a market share of 16%, and its parent company has completed bankruptcy reorganization. Cinemark holds a market share of 14%, with operating income of $1.313 billion and a 39.1% decrease in net profit. Cineplex and Marcus theaters also experienced varying degrees of losses and revenue declines
In the first half of the year, the North American box office reached $3.555 billion, a year-on-year decrease of 19.2%. The operating income and net profit of major theater companies have declined. AMC Theatres accounted for 24% of the box office market share, with operating income of $1.982 billion, a 13.9% year-on-year decrease, and a loss of $196 million; Regal Cinemas accounted for 16% of the market share. Its parent company, Cineworld, delisted from the London Stock Exchange in August last year, and there are reports that it has completed bankruptcy restructuring; Cinemark held a 14% market share, with operating income of $1.313 billion, a 15.4% year-on-year decrease, net profit of $71 million, a decrease of 39.1%; Cineplex held a 7% market share, with operating income of $572 million Canadian dollars, a 13.2% year-on-year decrease, turning from profit to a loss of $16 million Canadian dollars; Marcus Theatres' operating income was $183 million, a 21.7% year-on-year decrease, with a loss of $2.96 million
