Who would ever think that the domestic box office would sink to such an atrocious level as this weekend? If last weekend brought in $10M for all titles with California theaters and other markets like Illinois open, this weekend is surely the lowest weekend for exhibition since theaters reopened back in September for Tenet, with an estimated $6.5M, a 35% drop.
At that level, how can a circuit like AMC, which has an estimated weekly burn rate of $25M, stay open? It’s hard times, as many theaters coast to coast were closed because of local safety ordinances or curfews.
There was only one wide release this past weekend, Jackie Chan’s Vanguard,