Leasing a private cinema near me is a method that movie theatres have developed for moviegoers who despise other people and might work even after the epidemic. Additionally, it can benefit their struggling firms.
As audiences were reluctant to return to the movies due to the Covid-19 outbreak, theatres were compelled to come up with innovative methods to make some money. Two of the three biggest movie theatre companies in major nations started permitting private events to hire their auditoriums a few years ago. The cost to watch a classic film ranges from $100 to $175. Costs for new releases range from $150 to $250.
An alluring choice for moviegoers
Although theatres haven’t provided much information regarding this trial, we now know it may not have a negligible effect on box office revenue. You may relax knowing that a significant number of screens were reserved for the most recent films. The movie would have made $2 million (or 14% of its total revenue) from rentals alone at an average estimate of $200 per screen.
The choice looks especially alluring for large families who are itching to leave the house but don’t want to leave their comfort zone. Masks are still needed in cinemas, except when you’re eating or drinking. The amount of social distance that groups use is entirely up to them. They get exclusive use of the theatre for the duration of the film.
Moviegoers may continue to rent private theatres even after the pandemic’s cultural innovations regarding masks and social segregation have faded from memory. The cost of renting a theatre for a new film with a ten-person group of people would be roughly equivalent to the price of each person’s ticket to a standard show.
As long as the epidemic persists and theatre chains continue to struggle to fill seats, the economics for them are currently sound. However, in a typical setting, they would have to consider the financial benefits of booking specific theatres for private events. The movies that are made accessible for private rental and the timing of such releases are likely to be determined by the studios.
To conclude
A catastrophic 2020 for theatres left many, including the greatest in the business, on the verge of bankruptcy. But if they manage to survive the epidemic, they could have discovered an additional source of income going forward. Additionally, customers might benefit from a new method to enjoy a movie with family and friends without being concerned about kicking backs or screaming babies.
