Overview
The 1,900 movie theater firms in the US provide entertainment venues that exhibit motion pictures or videos. They operate about 41,000 movie screens at over 5,800 cinema sites. Major sources of revenue include ticket sales, concessions, and merchandise resale. Some theaters specialize in a particular genre, such as foreign, art house, and documentary films.
Conversion to Digital
The film industry’s conversion from celluloid to digital projection technology involved considerable costs, and created significant financial obstacles for small, independent theaters.
Demise of Small Theaters
While the total number of movie screens has increased in recent years, smaller theaters continue to struggle.
Industry Financial Benchmarks
Here are typical financial statements for movie theaters.
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