Why Haven’t More Movie Theaters Closed?

amc Movie Theater
Even though the theater chains know they’re in a bad spot, they persist, rather than consolidate. Photo: Mario Tama/Getty Images
Matthew Belloni
April 9, 2024

Here’s a question that will almost certainly not be asked this week at CinemaCon, the big movie theater pep talk/convention in Las Vegas: Why are there still more than 38,000 movie screens in this country? Seriously, though, per the most recent National Association of Theatre Owners count, it’s 38,000 screens!