Cinema owners tell CNBC they are hopeful that movie ticket sales will continue to pick up in the coming weeks. CinemaCon begins next week.
Movie theater owners tell CNBC they're hopeful ticket sales will continue to pick up in the coming weeks, particularly after the release of Marvel's"Doctor Strange in the Multiverse of Madness," which kicks off the summer blockbuster season.
Theaters will see a steady stream of hotly anticipated films following the May 6 release of"Doctor Strange.""Top Gun: Maverick,""Jurassic World: Dominion,""Lightyear,""Minions: The Rise of Gru" and"Thor: Love and Thunder" will arrive on the big screen in quick succession over a nine-week period. CinemaCon, a convention for Hollywood studios and movie theater owners in Las Vegas, kicks off Monday, and exhibitors are expressing cautious optimism about the summer movie season and the rest of the year.
Additionally, 67% of those surveyed said they spent $20 or more on popcorn, candy, soda and other concessions. That spending report bodes well for theater owners, who don't split concession sales with studios like they do with movie ticket sales.
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