The third-ranked movie theater circuit just reached 1 million accounts for its main loyalty program, a first for any exhibitor-based offer. The customer lists that such loyalty programs generate are potent tools for use in direct marketing to moviegoers. Launched in December 2017, Cinemark Movie Club now has 3,000 members for each of Cinemark 321 theater locations in the … [Read more...] about Cinemark Nabs 1 Mil Loyalty Members
exhibition
Cinema Rises From the Dead
After pundits emphatically proclaimed cinema-is-dead/won’t ever come back during the 2020-21 pandemic lockdown, exhibition enjoys a surprisingly swift comeback in 2022. That bounce-back is well deserved. The reasons? Competition from video streaming suddenly diminished when downbeat Netflix earnings April 19 lowered the perceived sky-is-the-limit upside of video … [Read more...] about Cinema Rises From the Dead
Tiny ‘Frequent’ Demo Drives Boxoffice
Cinema is still a “frequent moviegoer” affair. Major studio trade group the Motion Picture Association estimates that 3 percent of the U.S./Canada population accounts for an outsized 34 percent of movie ticket sales. That 3 percent that drive cinema economics are “frequent” attendees, defined as individuals that buy at least 12 movie tickets a year, according to the MPA. … [Read more...] about Tiny ‘Frequent’ Demo Drives Boxoffice
‘People’s’ Rescue of AMC Fizzles
After an unbelievable run-up, the stock price of cinema circuit AMC Entertainment is in free fall, as the flood of small investors calling themselves apes evaporates. From a high surpassing $55 a share last year, AMC closed at $14.52 a share today. With the air out of the balloon, professional investors expect AMC’s stock price to settle under $10/share because of its heavy … [Read more...] about ‘People’s’ Rescue of AMC Fizzles
Studios Squeeze Cinemas on Blockbusters
A little-understood aspect of cinema booking contracts is that a larger percentage of boxoffice revenue is allocated to the Hollywood major studios as a blockbuster film climbs into the stratosphere. The result is that the financial benefits of outsized hits disproportionately go into the pockets of major-studio distributors, and less so to theaters. Hey all you “meme” small … [Read more...] about Studios Squeeze Cinemas on Blockbusters
AMC Unspools Surprise $25m Ad Campaign
AMC Theatres launches a $25 million-plus marketing campaign with Nicole Kidman as star presenter this week to encourage a return to moviegoing amid the pandemic. The key copyline is “AMC Theatres. We Make Movies Better" in what is an advocacy and brand-building exercise. The campaign is a surprise because cinemas don’t normally bankroll pricey advertising, instead relying on … [Read more...] about AMC Unspools Surprise $25m Ad Campaign
Cinemas Show Comeback Grit
Though battered, the domestic movie theater industry showed surprising confidence at annual industry gathering CinemaCon in Las Vegas on Aug 23-26. Pundits can scoff, but I spent three days at the cinema trade show with nearly 2,000 executives who rolled up their sleeves to do business. Reflecting the devastation of the Covid pandemic, that headcount is down from 3,000-3,500 … [Read more...] about Cinemas Show Comeback Grit
‘Apes’ Love AMC Stock … So Far
Small investors bid up the share price of largest U.S. movie theater circuit AMC Entertainment to heights that baffled Wall Street professionals. These investors embraced the nickname of “apes” because they are unsophisticated in investing but group movement made them strong like gorillas. What comes next is that high-flying AMC will have to deliver profits that justify its … [Read more...] about ‘Apes’ Love AMC Stock … So Far
Cinema Marketing Ignites ‘Quiet II’
Horror film “A Quiet Place II” scared up a blockbuster $57 million in domestic box office for the four-day Memorial Day holiday weekend with a conventional cinema marketing campaign. The messaging included “Only In Theatres” as a key copy line; "Quiet" won't hit video streaming until 45 days after cinema premiere. The Paramount Pictures release bettered second-ranked weekend … [Read more...] about Cinema Marketing Ignites ‘Quiet II’
Digital Disciple Endorses Cinema
The digital native atop Hollywood’s largest major studio gave a full endorsement to cinema release, as the broader rebound of the theatrical film business takes shape post-pandemic. Jason Kilar, head of mammoth Hollywood enterprise WarnerMedia, told a recent MoffettNathanson investors' conference: “You should expect us to lean into theatrical distribution for decades and … [Read more...] about Digital Disciple Endorses Cinema