The big-format-screen Imax theaters are rebounding nicely from the pandemic and disruptions from Hollywood labor strikes, though the rest of cinema suffers from fewer movies. That snapshot of the cinema business is optimistic. The Imax boom shows audiences are willing to pay a premium for tickets for a premium experience. Consumers want out-of-home entertainment, and not … [Read more...] about Imax Shines as Regular Cinema Struggles
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Swift, Beyoncé Bounced From Oscars
The upcoming Taylor Swift and Beyoncé concert theatrical films shape up as cinema blockbusters, but neither is expected to be eligible for Oscar consideration under current Academy Awards rules, according to a Variety story. The problem is these are self-made films crossing a line into self-promotion, and not from independent documentarians. Both concert films fall into the … [Read more...] about Swift, Beyoncé Bounced From Oscars
Cinema Forecast: Snap-Back by 2025
Consultancy PwC forecasts that global cinema revenue will surpass pre-pandemic levels in 2025 at a projected $46.6 billion worldwide, compared with $43 billion in 2019. The 2025 figure is the sum of $43 billion in boxoffice (ticket sales) plus another $3.3 billion in on-screen advertising. That’s according to PwC’s mammoth annual “Global Entertainment & Media Outlook” … [Read more...] about Cinema Forecast: Snap-Back by 2025
Discounting Fever Engulfs Film Biz
With recession fears looming, price cuts are beginning to pop up across the movie landscape at video streamers, while being considered by theaters. In some cases, these take the form of bundling multiple streaming services or offering a cheaper advertising-supported streaming service, as Netflix and AMC+ have done recently. NBCUniversal’s mainstream video streamer Peacock … [Read more...] about Discounting Fever Engulfs Film Biz
Docu Review: ‘Back to the Drive-In’
Full-length documentary "Back to the Drive-In” shines the spotlight on owners of drive-in cinemas, who are mostly hardscrabble mom-and-pop locals, in stark contrast to “hardtop” theaters dominated by international chains. “Back to the Drive-In,” which premiered via video-on-demand earlier this year, takes a loving look at outdoor cinemas and their idiosyncratic operators; … [Read more...] about Docu Review: ‘Back to the Drive-In’
Exploring Cinema Ticket Price Cuts
Hollywood and movie theater owners spontaneously embraced the benefits of permanent cuts in cinema-ticket prices industry-wide, despite worries about antitrust issues, at a CinemaCon panel discussion. Whether the industry later pursues shaving ticket prices, which averaged $10.53 in the U.S. last year (see accompanying data table), remains to be seen. Anecdotal information … [Read more...] about Exploring Cinema Ticket Price Cuts
Hollywood Suddenly Loves Cinema More Than Streaming
Across Hollywood, studio executives are suddenly singing the praises of full exclusive cinema runs for movies, and dialing back their infatuation with video streaming. A Variety story by Brent Lang and Rebecca Rubin calls it a case of “Netflix envy" fading. "Lately, Wall Street has soured on the economics of streaming, believing that the media conglomerates that run these … [Read more...] about Hollywood Suddenly Loves Cinema More Than Streaming
AMC Tiers Tix Prices by Sightlines
Movie theater chain AMC Theatres will charge premium prices for seats with best view of screens, taking from the live concerts and airlines playbooks that charge more for better-placed locations. Concert and airlines are under fire from dissatisfied consumers, so it’s a head scratcher, other than the AMC variable pricing will certainly be geared for more revenue. Online … [Read more...] about AMC Tiers Tix Prices by Sightlines
Data-Hungry Theaters Eye Branded Credit Cards
In bankruptcies of airlines and other consumer-facing companies, sometimes their most valuable asset are their sideline credit card businesses. After some false starts in past years, exhibition is coming to recognize the value of leveraging such consumer financial relationships to build durable collateral businesses. AMC Entertainment announced its own Visa credit card this … [Read more...] about Data-Hungry Theaters Eye Branded Credit Cards
Cinemas Splurge on Upgrades
Despite the lingering ravages of the pandemic, movie theater operators are making sizeable investments to upgrade and reconfigure their physical plants. It’s something of a surprise because of post-Covid economic uncertainty and most cinema companies are already weighed down with heavy debt. But the capital-expenditure (CapEx) investment cycle is happening in … [Read more...] about Cinemas Splurge on Upgrades