Minnesota’s Majestic Theatres Survived the Polio Epidemic — Can They Outlast COVID?
Posted by Tony Randgaard on Thursday, December 17, 2020 at 12:00 AM By Tony Randgaard / December 17, 2020 Comment
The words were ringing in my ears, a dire warning from Wedbush analyst Michael Pachter. He stated the theatre industry is: “not going to recover fully until consumers are confident that they won’t die if they go to the movies. That means no return to normal until there is a vaccine widely available, likely not until April to July 2021.”
Wow, what a gut punch for avid theatre buffs! And the numbers support him. Domestic movie box office is on pace to attract $2.1 billion in ticket sales this year — down 90 percent or $9 billion from the last two years. And...