Hurricane Sandy: Hundreds of East Coast Movie Theaters Still Closed
Hurricane Sandy Brings Weather Channel Third-Highest Average Viewership Ever
Roughly 300 movie theaters stretching from the nation's capitol to Boston remained dark on Tuesday in the wake of superstorm Sandy.
There's no word yet on when they'll reopen; the hardest hit areas are New York City, Long Island, New Jersey and Connecticut, and it could be days before theaters there reopen.
In terms of loss, domestic box office revenues could take a 25 percent hit because of the closures. Revenues came in at roughly $6 million Monday, versus $10 million a year ago (though some of that 39 percent decline was due to an overall soft market).
Theaters in Washington, D.C., and Boston could be back online later on Tuesday or Wednesday, helping to mitigate the damage.
New York City and Los Angeles are the busiest moviegoing markets in the country, with each contributing 10-12 percent of overall grosses.
As long as New York City theaters and suburban New Jersey remain closed -- not to mention multiplexes in low-lying coastal areas -- grosses will continue to suffer.
AMC Entertainment says that 79 of its theaters are closed. The circuit operates a total of 483 markets in North America.