Brent Lang Executive Editor Fathom Events, the company best known for bringing theater, opera, live events and concerts to screens, is currently on track for gross revenues of over $93 million.
Despite the fact that the exhibition space has yet to fully recover from the Covid pandemic, Fathom is enjoying the best year in its history — it will surpass sales from 2019, previously the highest-grossing year in company history, by 116%.
For further context, Fathom reported revenues of $68 million in 2022. So what’s behind the surge? Fathom is chalking up the strong results to a pivot in business strategy for the company, one that saw it introduce a “specialty distribution” model.
The goal was to bring a wider array of content to cinemas beyond the productions of the Metropolitan Opera that helped put Fathom on the map.
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