Movie Theaters Could Remain Closed Until Mid-2021 With No New Movies Coming Out For Most Of 2020

Movie Theaters Could Remain Closed Until Mid-2021 With No New Movies Coming Out For Most Of 2020

Doug Creutz, a managing director and senior research analyst, has shared a bleak outlook for the future of movie theaters, explaining that there's actually a chance they will remain closed until mid-2021.

By JoshWilding - Jul 16, 2020 01:07 PM EST
Filed Under: Other
Source: The Hollywood Reporter

By now, you've no doubt heard that there's a chance movie theaters won't be able to re-open in late July/early August as planned, but some new forecasts point to them possibly staying closed until...next year?! 

Cowen's Doug Creutz has shared a new outlook for the future of theaters, explaining that while, "we had previously assumed that the spread of COVID-19 would be relatively halted, with social distancing requirements significantly lessened by late 2020. We have now extended that timeline out to at least mid-2021; the situation remains very fluid, and we do not rule out the possibility that the impact could last even longer."

Simply put, he believes many theaters won't be able to re-open until the middle of next year, and goes so far as to say that he doesn't anticipate any new films released in "fiscal year 2020" (for Disney, that ends in September). "We now expect domestic theaters to be largely closed until mid-2021, in part because we don't think studios will be interested in releasing their largest movies into a capacity-constrained footprint," Creutz adds. 

The news for theme park fans is no better as he expects that Disney World's "heavy capacity constraints will prevail until at least mid-2021," and notes that "there is a meaningful probability that the park could be forced to close again."

As for Disneyland, that "remains closed, and we expect that to persist due to California's more cautious approach in dealing with the virus." Needless to say, the outlook is bleak, and things really aren't looking good right now.

Things change all the time, of course, but with COVID-19 cases on the rise in the United States, these forecasts sounds alarmingly accurate. 

What do you guys think? 

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narrow290
narrow290 - 7/16/2020, 1:10 PM
Well Shit!
Reeds2Much
Reeds2Much - 7/16/2020, 1:10 PM
If we just wall off Florida we could probably cut two months off that projection.
dracula
dracula - 7/16/2020, 1:12 PM
Really hope studios just start releasing movies digitally. Really want to see Wonder Woman 1984 and Tenant
LameLuka
LameLuka - 7/16/2020, 2:33 PM
@dracula - they wont make their money back, also I would rather go and watch movies I care on the big screen
Matfin93
Matfin93 - 7/16/2020, 1:15 PM
Ya’ll just need to stop paying for animals to get exploited
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