The movie theater industry is grappling with significant challenges stemming from the COVID-19 pandemic and a shift in consumer preferences towards streaming at home. Between 2019 and 2022, the number of screens in the U.S. diminished by 5.3%, and with rising costs, 62% of consumers cite cinema as too expensive. Improved home technology and simultaneous releases on streaming platforms have strained attendance further. However, the integration of artificial intelligence offers potential solutions for theaters to cut costs, enhance operational efficiency, and perhaps revive the allure of the cinema experience.
The industry is facing unprecedented challenges accelerated by COVID-19 lockdowns, a preference for home viewing, and rising operational costs.
Despite having a slow comeback since the pandemic, theaters may find hope in artificial intelligence, which could streamline operations and enhance consumer experience.
Collection
[
|
...
]