]. This is the end of the tunnel and beginning of the light. It’s a takeoff point for the resurgence of the industry.: I think CinemaCon 2022 will reconfirm something we already know – that the motion picture production and the movie theater industry are now rebounding from one of the biggest challenges we’ve faced in a century. On the studio side, we’re seeing a strong recovery for production. Last year, nearly 950 films entered production, which breaks even pre-pandemic records.
And we’re making progress – in North America, for example, from a high of 1,400 illegal websites and streaming subscription services in 2019, our antipiracy campaign has reduced that number to slightly more than 200. That number is still too high, but we are headed in the right direction. We are proud that Amazon and Apple are both members of ACE’s governing board, ensuring that they’re both integral partners in our fight against piracy.
These comments show predictably the industry hasn't learnt anything from the last two years, BO will of course increase this year returning to pre-pandemic levels in 2023 but this is due to dynamic pricing with cinemagoers paying 50% more than industry average for tentpoles
Their comments about streamers needing theatrical are bullshit. Theater attendance will continue to trend downward and they'll continue to penalize people who do show up by raising ticket prices/concessions and pat themselves on the back for 'record profits'.
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