ESSENTIAL INDUSTRY AND AWARD NEWS
SEPTEMBER 14, 2020
Can Tenet Save Movie Theaters?
The numbers are in—and they don’t look good for Hollywood. Overseas, Christopher Nolan’s highly anticipated Tenet has earned more than $177 million since its late August opening. Yet it has earned less than $30 million in the U.S. since opening stateside on September 3. That number comes, of course, with mountains of caveats, as Christopher Rosenexplains: theaters in New York and Los Angeles, for example, are still closed. Yet even when properly contextualized, the outlook for the American theatergoing industry seems gloomy. Tenet’s failure to somehow triumph over the pandemic has apparently led studios to pull or postpone even more big-budget blockbusters, which will give the American public even less incentive to return to the movies. And that, in turn, will make it ever more difficult for theaters to weather the storm until the pandemic finally begins to ebb. The most likely future now is for the James Bond film No Time to Die to be the next blockbuster out in theaters—nine weeks from now. “For venue owners,” Rosen writes, “the hope now has to be that 007’s latest title is somehow prophetic.”
Elsewhere in HWD, Katey Rich and Richard Lawson review a pair of starry Toronto International Film Festival releases; the brains behind Our Cartoon President explains his show’s equal-opportunity offense; and contributor Chris Feil declares that the Academy’s new Oscars inclusion rules actually don’t go far enough.
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