Fathom, the company behind classic films at your local theater, is making major gains in moviegoing

Core Insights - Fathom Events is experiencing record revenue gains, generating $100 million at the box office in 2023, a 116% increase over 2019 levels, marking its highest-grossing year ever [2] - The company has successfully ventured into specialty distribution, bringing various titles to audiences and maintaining momentum into 2024 with a 140% increase in the first quarter compared to the previous year [2] Group 1: Revenue and Growth - Fathom Events generated $100 million at the box office in 2023, a 116% increase over 2019 levels [2] - In the first quarter of 2024, Fathom tallied $43 million, up nearly 140% compared to $18 million in the same period last year [2] - The company’s three-weekend run of the original Lord of the Rings trilogy resulted in $8.2 million at the box office [7] Group 2: Content Strategy - Fathom has expanded into specialty distribution with titles like "The Blind," "The Chosen," and "Waitress: the Musical" [2] - The company has successfully re-released classic films, celebrating anniversaries of titles such as "The Wizard of Oz" and "Gone with the Wind" [6] - Fathom's anniversary re-releases have become popular, providing additional revenue to theaters long after the films' initial runs [4] Group 3: Audience Engagement - 53% of the audience for last year's screenings of "Coraline" were 34 years old or younger, indicating a growing interest in classic films among younger viewers [10] - Presales for this year's screenings of "Coraline" are selling seven times as many tickets per location compared to the same period last year [10] - Fathom's marketing and licensing efforts have enabled smaller theater chains to benefit from re-releases of classic films [11]