December 17, 2014
Russian cinema chains are calling on owners of shopping malls where their theaters are located to adjust rental contracts against the backdrop of the weakening ruble, which threatens to drive them out of business.
Several large cinema chains, including Cinema Park, Karo Film, Kinomaks and Formula Kino, have sent an open letter to mall owners, requesting that rental contracts, in which rent is normally stipulated in U.S. dollars, be revised and rent fixed in rubles.
The lion’s share of contemporary Russian film theaters are located in shopping malls. Now that the ruble has fallen off the cliff against the dollar, with the exchange rate plummeting as low as 80 rubles for one U.S. dollar on Tuesday, as opposed to 47 rubles a month ago, theater chains have trouble paying rent as their revenues from ticket sales are all in rubles.
Read entire article online at hollywoodReporter.com.
December 15, 2014
The Commodore Theatre will celebrate 25 years to the day that it re-opened as the restored Commodore Theatre with a new vision of first-run movies and fine dining, the first such cinema-eatery in the country.
The Commodore Theatre was recently named one of the “10 greatest dine-in theaters in America” in a Motion Picture Association of America publication (2014) and one of America’s 7 Best Movie Theaters of Food Lovers,“ in a 2013 issue of Bon Appetit Magazine.
Read the entire article at Hamptonroads.com.
October 31, 2014
A blog post in We Got This Covered touches on the foundation of many members' love for this site, the joy of seeing a movie on the big screen. The brief read is worth your time as it really illuminates not so much the actual theatre but the components of experiencing a film with others. Enjoy!
October 24, 2014
3-D hasn’t been as big of a game changer as many expected so what’s the next big thing? Some are betting on virtual reality technology to succeed with through its immersive effects. Millions is being invested on revolutionizing headsets to transport you to the theater setting of your choice.
Will it catch on or be just another passing fad?
Read more at CNET.
October 21, 2014
LIBERTY, KS — Two theatre operators with almost 200 years of combined experience are joining forces with B&B’s acquisition of Dickinson Theatres. Rebranding will happen immediately and the new entity will be one of the top ten largest in the country with 408 screens across 50 locations.
Read the full story in the Kansas City Star.
(Thanks to Chris1982 for providing the photo.)
October 10, 2014
Johnny Rockets is getting ready to serve up more than just burgers. USA Drive-Ins is planning to open 200 new drive-ins where Johnny Rockets' menu will be available in most locations. This is part of Johnny Rockets' Route 66 Initiative, placing special emphasis on car-culture.
Read the full story in Business Week.
Submitted by Ken Layton
After theater owners struggled to convert to digital the past few years, Hollywood is doing an about face with an upcoming release strategy that will be favorable to those with film projectors. Christopher Nolan, poster boy for keeping film alive, has convinced studios to release his upcoming film “Interstellar” in various formats including 70mm, 35mm and IMAX 70mm. Those film formats will be distributed a few days early too.
While it’s great for the consumer, is passing another projection cost back to the exhibitor fair?
Read more in the Hollywood Reporter.
September 16, 2014
So much is written about the decline of cinemas in general but how about how curtains have been forgotten? The Chicago Reader took a look at how this one omission has vastly changed the moviegoing experience.
August 13, 2014
KFTV has reported that Italy has dramatically shifted to directing dollars towards its film industry with new generous tax credits for productions. In addition to that, they’re showing some love for their cinemas with a 30% rebate for restoration projects.
(Thanks to Ken Roe for providing the photo.)
August 4, 2014
The Justice Department ruled to put new regulations in place to have most theaters in the U.S. provide closed-captioning and audio description for the visually and hearing impaired. It’s unclear how long it will take to rollout and which theaters may be excluded.
Read more about the technology and the decision behind it at The Hill.