Curtain Call for Hollywood: Is the era of theatrical experiences to disappear?

Curtain Call for Hollywood: Is the era of theatrical experiences to disappear?

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Mad Max: Furiosa was released on Memorial Day a few days ago and was expected to have a pretty good Box Office collection. However, although the film received great reviews on IMDb and Rotten Tomatoes, Mad Max: Furiosa became the lowest Memorial Day collection ever made by a film with a collection of only $68 million. Not only this, films like Garfield and Ryan Reynolds led 'IF' also met the same fate. So do people avoid going to cinemas and point out that the experience of watching movies in cinemas seems to end?

Open Night Curtain Call-MJ the Musical/Pantages Theater in Hollywood

One of the biggest obstacles that has resulted in the decline of movie viewing in theaters is the insane prices the average person has to pay for a movie experience. If we only talk about the ticket prices, in big cities, people have to pay somewhere between $18 and $25 to see a movie in IMAX. These prices are outrageous but that is not the end of it.

If you get a bucket of popcorn, depending on the theater you go to, it will cost you somewhere around $15 to $25. Add a drink and your bill will see an increase of $5 to $10. So the total cost for a person to go see a movie with a full experience will be around $38 to $60. Now, nobody goes to the movies alone in most cases, so let's say, for two people, the total cost of going to the theater will be $76 to $120, which is too expensive for an average person.

Another reason why people nowadays are not willing to go to the cinema is the availability of OTT platforms. For the price you pay for the entire experience of watching a movie, you can literally get subscriptions to all the major OTT platforms. So I already told you that to see a movie with a plus one you need to spend somewhere around $76 to $120. Now let's take a look at the subscription prices of OTT platforms- OTT platform with ads without adsNetflix$7$15.50Hulu$7.99$17.99Disney Plus$7.99$13.99HBO Max$9.99$15.99

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Curtain Call for Hollywood: Is the era of theatrical experiences to disappear?.
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