Sharjah24 – Reuters: Movie buffs in the United States are back in theaters as the pandemic eases, but it is not clear if a sizeable chunk of the audience - families - might be just as happy watching from the comfort and safety of their homes.
The offer of new movies at home in the safety of living rooms may trump any clamor for the big screens, an issue Walt Disney Co is addressing by shortening the time between blockbusters' release in theaters and on Disney+ streaming.
Theater owners underscore that movie slates are strong and cinemas are filling up.
Movie theater chain Cinemark Holdings Inc noted "anticipated blockbusters appealing to families and adults alike" were in store.
But Disney Chief Executive Bob Chapek was less certain when talking to analysts this week.
"We're doing that so that we can get our films quicker to Disney+," he said, "but at the same time to see if the theatrical market can sort of kick back into full gear as we prime the pump with these films."
During the pandemic, Disney experimented with simultaneously releasing some big-budget movies such as "Cruella," "Black Widow" and "Jungle Cruise" on Disney+ for an extra fee and at the cinemas.
Disney+ and rival Netflix Inc both reported tepid rises in subscriptions recently.
Comscore data shows that new box office launches in October grossed nearly 10 times more than at the start of the year, thanks to Disney's hits such as "Shang-Chi," "Black Widow," "Jungle Cruise" among others.
The data also showed "Ron's Gone Wrong," an animated family film that hit theaters in late October, had about half of its audience in the 13-17 years age group in the first week. The latest James Bond movie "No Time to Die," had 72% in the 25 plus age group after its release in early October.
Disney will have to strike a balance to keep theater operators happy while also producing new content to feed streaming subscribers, analysts said.
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