The Multi-Billion-Dollar Plan to Improve Going to the Movies

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 20 December 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Michael O’Leary, CEO of the National Association of Theatre Owners (NATO) to discuss their pledge to spend $2.2 billion to modernize and upgrade theaters, what that actually means, and what these new “entertainment centers” will actually look like. They also talk about the biggest successes of the year in moviegoing, how theaters can improve for the modern audience, how theaters and studios are getting along these days, and more (03:13). Matt finishes the show with a prediction on the upcoming Netflix film ‘Electric State,’ starring Millie Bobby Brown and Chris Pratt (29:29). For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! [email protected] Host: Matt Belloni Guest: Michael O’Leary Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Okay, this is a true story.
0:03.3	I have a friend who once faked his own death so he could have more time to watch his favorite TV show.
0:11.5	In my new podcast, Truthless, I'm talking to people about the lies they tell, from forging new identities to taking their love of Game of Thrones a little too far.
0:23.0	From Spotify and the Ringer Podcast Network, I'm Brian Phillips.
0:27.3	Listen to Truthless on Spotify or wherever you get your podcasts. Hello, this is a short message from A.O.
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1:02.8	Let's go, ho-ho.
1:08.5	It is Friday, December 20th. It's been a pretty crazy year in movie theaters. First half December 20th.
1:11.5	It's been a pretty crazy year in movie theaters.
1:14.2	First half of 2024, pretty darn terrible.
1:17.3	Last year's strikes really hurt the volume of big studio movies and theaters.
1:21.2	And by the end of May, after disappointments like the Fall Guy and Furiosa,
1:25.1	the box office was down 23% from last year and way, way down from
1:30.5	pre-COVID times. Things picked up through the summer, dropped down again during the fall,
1:35.0	and now the holiday corridor is doing pretty great, some big movies coming for Christmas.
1:40.1	Domestic box office will still be down this year from last year, but not by much, and it could have been a lot worse.
1:46.2	NATO, the National Association of Theater Owners, which is the lobbying group for movie exhibitors,
1:52.0	they put out a report this week, noting some of these successes of the year.
1:56.0	There's some fun facts in it that we're going to discuss.
1:58.2	Domestic movie theaters still bring in more people each year than
	...

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