The spectacular box office success of 'Barbie' and 'Oppenheimer' has been a boon for movie theaters. But cinema owners could soon face a plot twist as the actors and writers strikes upend the entertainment industry.
on high-profile blockbusters that had been slated to debut next year but may not be ready in time.
Chris Randleman, the chief revenue officer at Flix Brewhouse, a dine-in movie theater chain based in Texas that has locations in six states, said his company hopes for “a good resolution" for the actors and writers on strike. But heading into the fall, the team at Flix Brewhouse is feeling “tense,” he added.
In a report published May 3, a day after more than 11,000 screenwriters headed to the picket lines, Moody’s Investors Service, a prominent credit-rating agency, said theater operators would be “most at risk” in the event of a “protracted strike.” We worked really hard to come back from the pandemic. The worst thing now would be to change that and move films around.The labor stoppages are expected to last for months, and there are no signs that the striking workers and the studios are close to a deal.
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