Can Walmart Parking Lots Solve Movie Industry Struggles?

Does your town have a drive-in theater? Coming this August it just might thanks to Walmart and its plan to take 160 parking lots and turn them into drive-ins. That's right, the sun goes down and you just might find yourself getting comfortable in your family van to catch Back To The Future or some other classic Walmart gets its hands on.

It was estimated in May that the movie industry would lose $160 billion in growth over five years due to coronavirus. AMC announced last week it would require customers to wear masks in its theaters, leaving Walmart in a position to launch an option for movie fans who aren't willing to mask up.

From Walmart's official statement:

Good idea? It's an absolutely great idea. I'm a content guy and content guys know that the minute you start mixing Walmarts, parking lots, people arguing about parking spots, movies, etc. we're talking live-action scenarios where content is going to happen organically. Fights over popcorn. Fights over talking too loudly during Moana.

And it just makes business sense for Walmart. Vans roll in, dump a 12-pack of Dew in the trunk, popcorn and then the customers catch a movie. Some of you laugh at Walmart and can't stand the business yet here they are always one step ahead.

Check here to see if your town made the Walmart drive-in cut.