The death of the cinema has been overstated… at least according to this article. We saw cinema stocks struggle in 2022, headlined by the world’s second-largest cinema chain, Cineworld, filing for bankruptcy protection in the U.S.
The world is emerging from COVID restrictions and the blockbusters are returning to cinematic release after a couple of years on streaming services. Now the only question is, will the crowds follow them?
There have been positive signs with Top Gun: Maverick and Avatar 2 bringing in more than $1 billion in box office sales. And there are some big titles coming in 2023: Guardians of the Galaxy Volume 3, Fast X, Barbie, and Dune Part 2.
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