Without ticket sales, theatres built to last generations can be forced to go out of business. When audiences decline, ticket sales go down. “In large part this slide in attendance has been due to increasing availability of home based entertainment options,” Hutchinson said. A recent report by Telefilm suggests that visits to the theatre have dropped dramatically since then, with Canadians only going to the movies about five times per year. Going to the movies used to be a weekly event, Hutchinson said, particularly in the first half of the 20th century, when owning a television was considered a luxury.
“The business model itself is in tatters,” Tom Hutchinson, president of Magic Lantern Theatres, told CTVNews.ca in an email on Thursday. To make matters even tougher, the pandemic has made it impossible for even the keenest movie-goers to support their local cinema. decision as part of a larger trend as audiences increasingly choose the convenience of their couch over the ambiance of the silver screen. The exception offers little relief to Canadian theatres that see the Warner Bros. films - including big-budget “Matrix” and “Godzilla” sequels - will only be released in theatres. The decision does not apply to Canada, where upcoming Warner Bros. The hybrid distribution model means that movies will go live on the streaming service the same day as they hit theatres, and will remain online for one month. Pictures announced Thursday that its entire 2021 slate of films will be available for audiences to stream on HBO Max in the U.S. Theatres already struggling with COVID-19 shutdowns face an even tougher landscape going into 2021 after one of the biggest Hollywood studios revealed that it plans to stream a year’s worth of films online.
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