Studios aren't releasing as many movies as before the pandemic. Regal, one of the biggest theater chains in the US, is considering filing for bankruptcy. Warner Bros., one of the five major Hollywood studios, is still shuffling its release calendar as its new parent company looks to save costs.
John Fithian, the head of the National Association of Theatre Owners, told Insider that the organization doesn't expect movie supply to be back to pre-pandemic levels for another 12 to 18 months, which would bring us to late 2023 at the earliest.