BTS Presents: The Cinefiles

2020 has been such a confusing time for so many, and we have all focused on the things that affect us personally (as we should), but we don't really hear much about how this current climate is affecting the entertainment industry, specifically Hollywood and the future of our favorite shows and movies. The obstacle course is familiar by now: The riots, the virus, the economy. The theater business already was limping due to mounting debt and high fixed costs. Major companies like Regal and Cinemark started closing locations in recent months. The number of theaters overall has fallen from 7,200 to 5,500 in the last 20 years with sharper declines now forecast.