MPAA head says theatres will survive rise of streaming sites
LAS VEGAS — Two film industry leaders told theatre owners Tuesday that are optimistic about the movie and theatrical exhibition business despite concerns about declining attendance and competition from streaming services.
New MPPA chief Charles Rivkin and John Fithian, the president and CEO of the National Association of Theater Owners, delivered a state of the industry speech at CinemaCon, saying the strength of the movies being released will dictate box-office sales.
“Our business rises or falls on the movies in our cinemas,” Fithian said.
CinemaCon is an annual gathering of theatre owners and exhibitors, during which they get a look upcoming films from major Hollywood studios and a preview of some of the latest and greatest in theatrical technologies and even concession options.