The movie theater industry was almost destroyed by the COVID-19 pandemic. Some of the nation’s largest chains, like AMC Entertainment, almost went out of business. Total annual domestic ticket sales were just over $11 billion from 2015 to 2019, according to Box Office Mojo. That figure dropped to $2.1 billion in 2020 as the pandemic shuttered many theater locations for months. It recovered modestly to $4.5 billion last year.
Americans turned to streaming movies because they could not see them in theaters. This helped several companies post total paid subscriber numbers of over 100 million. At the top of this list were Netflix, Amazon Prime and Disney+. Netflix’s number has risen above 200 million. That pushed its annual revenue last year to $27 billion.
The success of the major streaming services and the amounts they are willing to pay actors has allowed the larger services to release movies with stars like Tom Hanks and Ryan Reynolds. These streaming company-released movies also have started to gather major awards, including a number of Oscars.
Because of streaming, it is impossible to say which cities are the best or worst for movie lovers. However, some data can be combined in an attempt to merge the physical and streaming experiences.
The methodology for determining the best cities for movie lovers from online lawncare marketplace Lawn Love included ratings for the country’s 193 largest cities. The total points available were 100. Yardsticks included the number of movie theaters per square mile, movie screens per 100,000 people, the number of internet service providers, fiber internet coverage, broadband coverage, movie ticket prices and screening events. Data came from AreaVibes, Art House Convergence, BroadbandNow, Cinema Treasures, Eventbrite, Everfest, Lawn Love, Meetup, MovieMaps, Redbox and Yelp.
It turns out New York is the best city in the country for movie lovers. It has lots of screens, ranging from art houses to multiplexes, good broadband availability and a remarkably high community score. It is home to numerous film societies and festivals, including the New York Film Festival, the Independent Film Festival and the Tribeca Film Festival.
Click here to see all the best U.S. cities for movie lovers.
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
