April 25, 2011
LOS ANGELES, CA — The U.S. theater chain best known for showing independent and art house films is being – tentatively – put on the auction block. According to co-owner, Mark Cuban, the move is intended to determine how much the marketplace actually values the operation, and if the offers undervalue the the chain’s worth, the offer to sell will be withdrawn.
There is more in the Hollywood Reporter.
April 12, 2011
COAUTHOR: Ing. Ivana Hudakova, PhD., Department of Management, University of Economics in Bratislava
The Swedish venture capital company Ratos AB announced it has acquired 100 per cent of the shares of the film distribution and cinema company Finnkino Oy from the Finish media group Sanoma. For experts the transaction does not come as a big surprise. Sanoma tries to focus its activities on consumer and business-to-business media and Finnkino did not fit very well to this strategy.
Finnkino, established in 1986, has three business areas: cinema exhibition, theatrical distribution and DVD distribution and is active in Finland, Estonia, Latvia and Lithuania. Finnkino’s cinema operations use the brand FINNKINO in Finland and FORUM CINEMAS in the Baltic countries. Their common logo is a simple letter “f”. The biggest Finnkino theater is Tennispalatsi Helsinki with 14 screens and 2,696 seats. The company also operates the oldest Finnish movie theater MAXIM Cinema.
Despite the recession, ticket sales reached record numbers in 2010. Online ticketing especially has really risen recently and will probably grow even more.
Online booking is a predominant trend for acquiring movie tickets in the US and Europe. As stated by the new market research report, United States and Europe account for a major share of the global Online movie ticketing services market. While online sales for movie tickets are increasing, they are yet pretty minimal in comparison to the standard walk-up box office, so online market has plenty of room for growth in the next five years, and much of that growth will come from beyond the developed nations where the number of home PC penetration, Internet cafes, and Internet usage are all on the rise.
Read more in the San Francisco Chronicle.
April 1, 2011
The Spanish Ministry of Culture published lately the cinema and exhibition statistics for the last year.
The number of cinema sites grew with nine new theaters to 860. The actual screen number is 4 080 (two screens less over December 31, 2009). The statistics neither included the number of digital screens nor 3D-capable screens in the country. According to Media Salles, a project operating within the European Union’s MEDIA Programme, Spain had 750 digital screens at the end of 2010, almost tripling the 2009’s count, but still less than one fifth of all the screens.
Every major movie market reports some specific statistics. Among those from Spain are the highest grossing screens of the country, but without concrete revenue numbers. The king of this indicator is the auditorium number 25 in the world largest theatre Kinepolis Madrid. In the top 10 Kinepolis has three more screens with screen #6 in Madrid at the eight position and screens #23 and #24, both in Valencia, at the ninth and tenth position. The second highest grossing screen in Spain is the winner for last four years, an IMAX screen located in Barcelona. A little surprise is on the fifth position, a screen located on the holiday island Tenerife (Yelmo Meridiano, screen #1).
March 29, 2011
BEIJING, CHINA — The IMAX Corporation, in partnership with China’s Wanda Theatres, will be a major part of China’s cinema building boom having announced that it intends to build seventy-five IMAX screens at multiplexes owned by Wanda. IMAX had earlier announced plans to add fifteen screens in South Korea.
“China has set its cultural industries as pillar industries,” said Wang Jianlin, chairman of the Wanda Group, the real estate giant that owns the cinema chain. China’s centrally planned economy now spends only about 3 percent of its GDP on cultural development, less than half the world average, Wang said: “The agreement with IMAX will help China achieve its 12th five-year plan.”
The full story is in the Hollywood Reporter.
March 28, 2011
SAN FRANCISCO, CA — Dolby Labs will soon be rolling out newer, lighter 3D glassses for use with its 3D projection system. In addition to being lighter in weight, the lenses will last longer after repeated cleanings.
The full story appeared at Ubergizmo.com.
March 25, 2011
Cinema City, recently renowned for its Eastern European deal, was the last large cinema operator in Europe using a 35 millimeter film in its logo. With the acquisition of Palace Cinemas the company has seen a need for change and let create a whole new visual identity. It has been the company’s first redesign since 1997, when it started to expand internationally.
In its press release Cinema City explained: “Whilst we are immensely proud of what we have achieved over recent years, we increasingly felt that our old identity did not reflect our status or ambition for the future. That is why we have created a new identity that reflects the confidence and scale of Cinema City today and repositions us for the future.”
The old fashioned logo was not competitive anymore and was replaced with a simple orange word mark. The traditional corporate color blue disappeared and as a background color now serves black with fuzzy bubbles. Black will be also the main color of the new Cinema City staff uniforms.
March 21, 2011
SEATTLE, WA — The nation’s theater chains are filing challenges against new rules proposed by the Food and Drug Administration that would require movie theaters and other businesses that sell refreshments to supply caloric and other nutritional information comparable to that which is currently required on most packaged foods.
“It’s easy enough to blow your whole diet for a week from one snack at the movie theater,” said Margo Wootan, the director of nutrition policy at the Center for Science in the Public Interest in Washington. “Just because you happen to be watching a movie while you’re eating doesn’t mean you aren’t eating out.”
The chains claim that it was not the intent of Congress to require theaters and food stands to provide this information. At least one member of Congress disagrees.
The full story is in the Seattle Times.
March 16, 2011
Nevafilm Research, a Russian market research company, released latest data about the Russian cinema market, including last year’s box office numbers and information about the country’s exhibition industry.
After a decrease in 2009 box office revenues reached a new record with more than one billion USD and a 30 per cent increase. The admissions did not grow that fast (17.8 per cent), but also were on a high in the modern Russian era with almost 156 million tickets sold.
In the end of the last year 865 theaters were active in the Russian federation: 85 sites with 331 screens were new openings, 23 cinemas were closed. Most of the closings were traditional single screen or two screen cinemas, what means only 34 screens were abolished.
March 11, 2011
LOS ANGELES, CA — The pace at which new, western-style cinemas are going up all over China is currently very rapid and accelerating. However the implications for films produced by U.S. studios and theater chains is unclear, as China currently has strict limits on the number of films that can be imported into the country and does not allow foreign cinema operators to have a majority interest in any theater ownership.
Still, the main drivers are practical. Unlike in the U.S., where DVD sales can account for as much as 40% of a film’s revenue, rampant piracy has forced studios here to depend almost exclusively on domestic box-office receipts. Bankrolling more pictures and boosting profits requires more screens.
Then there’s boredom. As Chinese workers grow richer and have more leisure time, they’re itching for something to do. The typical ticket costs about $5, slightly less than what many new college graduates earn per day. Still, Chinese movie fans have shown a willingness to pay a premium for better sound, a better picture and swanky venues to hang out with friends.
There is more in this article from the Los Angeles Times.