MoviePass' CEO makes the case for why Hollywood's box-office renaissance isn't a summer fling

First publishedAug 20, 10:39 UTC

Last updatedAug 21, 00:22 UTC · 4m ago

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Business Insider6MoviePass' CEO makes the case for why Hollywood's box-office renaissance isn't a summer flingAug 20, 10:39 UTCOpen ↗

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This post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Hollywood's wrapping up a massive summer at the movies. Will a change of season bring a change of fortune?From blockbusters (The Odyssey, Spider-Man: Brand New Day) to surprise hits (Obsession, Backrooms), Hollywood has been stacking box-office wins."I've never seen Hollywood hitting on so many different categories at the same time successfully. Really unheard of," MoviePass cofounder and CEO Stacy Spikes told me.The success comes after a brutal few years for movies, which saw declining attendance amid the pandemic followed by the writers' strike.But are Hollywood's fortunes changing, or will the success fade with our summer tans? (Earlier this year, BI's Peter Kafka said he isn't convinced.)One sign pointing to staying power: Fans camped out to buy tickets for "Dune: Part Three" at Manhattan's AMC Lincoln Square 13, home to the fancy 70-millimeter Imax format.

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  MoviePass' CEO makes the case for why Hollywood's box-office renaissance isn't a summer fling

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