North American movie theater box office plunges sharply, widespread losses

The North American box office experienced a significant decline in the first half of the year, totaling $3.555 billion, a year-on-year decrease of 19.2%. Major theaters such as AMC, Regal, and Cinemark are facing challenges with declining operating income and net profits. AMC holds a market share of 24%, with operating income of $1.982 billion and a loss of $196 million. Regal holds a market share of 16%, and its parent company has completed bankruptcy reorganization. Cinemark holds a market share of 14%, with operating income of $1.313 billion and a 39.1% decrease in net profit. Cineplex and Marcus theaters also experienced varying degrees of losses and revenue declines