Documentary Review

‘The Last Picture Shows’: Independent Theaters Are Down But Not Out

BY Michael Clark TIMEAugust 7, 2026 PRINT

NR | 1h 18m | Documentary, Film History | 2026

As the dispensing of non-live entertainment in the 20th century is concerned, there have been four distinct periods.

From 1900 through 1920, movies could only be seen in theaters. In the 1920s, radio was added into the mix and introduced a live element. Starting in the 1950s, TV entered the scene. In 10 years it took over both live and recorded entertainment for the next quarter century.

With the arrival of “Jaws” in 1975 and subsequent blockbusters, movies in theaters returned to the top of the viewing heap for the remainder of the millennium.

In “The Last Picture Shows,” writer-director Rustin Thompson hits all of the bullet points of movie-viewing history while simultaneously celebrating and lamenting the evolution and downfall of independent theaters, particularly in the western rural United States.

Epoch Times Photo
Writer-director Rustin Thompson, in “The Last Picture Shows.” (Foghorn Features)

Streamlined

Everything about the 78-minute movie is economic and to the point. It opens with the text “123 theaters, 10 states, 10,000 miles,” describing what will unfold without giving anything away whatsoever.

Thompson interviews the owners of 14 still-operating theaters; the theaters range in age from 5 to over 100 years. Everyone’s backstory is different to be sure, but there are a great deal of similarities.

What’s front and center and abundantly clear: Nobody’s getting rich running privately owned theaters; in some cases, owners lose money every year.

When asked why he continues to operate in the red, one owner responds without hesitation. He and his wife are there to service their community because the community supports the local theater.

That’s the Rub

These folks simply love movies, the theater experience, and their neighbors. This, of course, isn’t unique to these communities. The citizens and small business owners across the land are rooted in tradition, sacrifice, and the well-being of those around them.

Epoch Times Photo
Owner of the Ruby Theater, Larry Hibbard, in “The Last Picture Shows.” (Foghorn Features)

However, in most cases with these particular small towns, the theater represents the social and cultural hub. Often the only business of its kind within a 50-mile radius, these cherished, treasured operations are sought-after escapist niches. The fact that there are no multiplex options doesn’t hurt.

You might think that these factors alone would be more than enough to prompt the studios and distributors to treat these operators with even just a little TLC. But that isn’t even close to reality.

‘Shazam’

Based on most marquees of the featured theaters, the movie “Shazam” was filmed in late winter 2023, just when COVID-19 related restrictions started to loosen. The title seen is “Shazam! Fury of the Gods,” which absolutely tanked at box offices the world over.

Boiled down, distributors dictate which titles theaters can and will show, for how long, and for what charge. The distributors’ mindset (I think) is that if these theaters are presented with just one option, they’ll have no choice, and they are right.

Unless the theater booked “Shazam” exclusively for a minimum of two weeks, this same theater would be denied access to other titles down the road.

Along the way, Thompson drops some more text factoids that should strike fear in the hearts of not only residents of Libby, Montana; Raton, New Mexico; Cortez, Colorado; and Colville, Washington; but also residents of New York City, Los Angeles, and Chicago.

Epoch Times Photo
The El Raton theater in Raton, N.M., in “The Last Picture Shows.” (Foghorn Features)

Cold Hard Facts

In 1929, there were over 22,000 movie theaters in the United States. Now it’s 3,000. In the 1950s, 4,000 drive-in theaters were in operation. That number is now fewer than 300.

After COVID-19, 5,000 theaters that were forced to close are still dark. It’s the death knell for a slice of American history and Americana culture that we’ll never likely get back.

The one sliver of hope peeking through is the opinion of all involved that the superhero fad of the early 2000s is on the outs. The current “Spider-Man” release notwithstanding, superhero fatigue has set in and likely won’t reignite.

Like so many past mighty ships at sea, the movie industry is slow to adjust and change course. But once the studios start to realize that actual stories and characters are more important than special effects, whiplash editing, generic plots, and explosions, movies will get back to the basics. By the “basics,” I mean the same storytelling that’s been done since the dawn of time.

Admittedly, that’s a tall order. But as long as there are independent theater owners and people who grew up watching flickering projected images on silver screens in groups in the dark, hope springs eternal.

The movie opens in select theaters on Aug. 7  with expansion to follow.

The Last Picture Shows
Documentary
Director: Rustin Thompson
Running Time: 1 hour, 18 minutes
Not Rated
Opening Date: Aug. 7, 2026 (limited)
Rating: 4 1/2 stars out of 5

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Originally from the nation's capital, Michael Clark has provided film content to over 30 print and online media outlets. He co-founded the Atlanta Film Critics Circle in 2017 and is a weekly contributor to the Shannon Burke Show on FloridaManRadio.com. Since 1995, Clark has written over 5,000 movie reviews and film-related articles. He favors dark comedy, thrillers, and documentaries.
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