AMC is hoping the box office reaches $5.2 billion, here's why that's a big ask
During an earnings call Monday, Aron said AMC could post positive cash flow at the theater level as soon as the fourth quarter if the domestic box office reaches at least $5.2 billion. This means that AMC's theaters would generate enough money to cover all of its operation costs.
As of Sunday, the domestic box office has tallied $1.76 billion in ticket sales, according to data from Comscore. This means that Hollywood would need to generate around $3.4 billion in revenue in the final 20 weeks of the year — a feat that many box office analysts say is overly optimistic. The last four months of this year is packed with some highly anticipated films. However, films such as "Matrix 4," "Dune" and "Venom: Let There Be Carnage" will debut in cinemas and on streaming on the same day, which could dampen ticket sales. Others, like "No Time to Die," "Eternals," "Top Gun: Maverick" and "Spider-Man: No Way Home" will have exclusive theatrical releases.
"Studios may give more thought to day-and-date releases for Q4, or perhaps push their releases yet again if this continues to get worse into the holiday season," she said. "There are still many variables that make 2021 domestic box office a moving target, but it looks unlikely from the beginning of August that the domestic box office will hit $5.2 billion for the full year.
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