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Movie theater CEO expects up to 25% PERMANENT decline in attendance…

“The total attendance, based on the traditional curve, might be down 15% to 25% on a permanent basis. That’s the way we’re gaming this out permanently,” Reagan said.

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KEY POINTS

  • Flix Brewhouse CEO Allan Reagan told CNBC 2022 will be a “more normal year” for the movie theater industry.
  • But he said total attendance might be down 15% to 25% “on a permanent basis.”
  • “We also need to broaden our entertainment offerings beyond just the film product,” Reagan said.

Read the article on CNBC…

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