February 8, 2011
KNOXVILLE, TN — The Regal Entertainment Group has announced that it will be substantially increasing the number of screens at its theaters nationwide that are capable of showing RealD 3D from currently about 1,500 to 3,000 – which would be about 40% of its screens.
“We continue to see high demand from moviegoers for RealD’s premium 3D viewing experience,” said Regal Entertainment Group CEO Amy Miles. “Doubling our agreement for RealD 3D-enabled screens will allow us to play multiple 3D films at the same time and assure moviegoers the option of seeing films in a premium 3D format.”
Currently, some theaters are forced to phase out movies faster than they’d like, even if they’re still profitable, to make room for new 3D movies. There just aren’t enough screens for most of them to let three or four 3D movies be playing at the same time.
The full story is at TGDaily.com.
February 3, 2011
On January 19, 2011 the multiplex cinema operator Cinema City International announced it acquired its competitor Palace Cinemas (Central Europe) BV. The purchase price for four subsidiaries of Palace Cinemas in three central European markets was € 28 million (€ 21.4 million was paid in cash and € 6.6 million of debt of Palace Cinemas was assumed).
By acquiring the Palace Cinemas chain, Israel based Cinema City becomes the third largest cinema operator in Europe (in terms of the number of theaters and screens, passing UK based Cineworld), without being present on any of the most important European markets (United Kingdom, France, Germany, Italy or Spain).
Parts of deal were 141 screens in 15 multiplexes in Hungary, The Czech Republic and Slovakia. It significantly strengthens Cinema City’s position on the Hungarian and Czech markets and adds Slovakia to Cinema City’s countries of operation.
January 27, 2011
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January 11, 2011
An article in theWall Street Journal discusses trends in new theaters, specifically the wider range of food offerings.
Under pressure from viewers as well as movie-industry executives, the country’s theater chains are trying to win back moviegoers—with food. Audiences at a growing number of theaters can order such dishes as chinois chicken salad rolls or limoncello-tossed shrimp. More middle-of-the-road fare is also available, like cheeseburgers and chicken caesar salads. Seats in these so-called “in-theater dining” cinemas are big and plush. Lobbies are luxurious, with art on the walls and mood lighting. Popcorn is often complimentary and a full bar is de rigueur.
January 6, 2011
According to Bloomberg, shares of IMAX Corporation are rising on speculation that Sony Corp. might bid for $40 on the giant screen company. Disney is also interested in buying Imax.
December 28, 2010
After coming slow onto the scene, Fandango has introduced an app for the iPad with some brand new features.
Fandango, a unit of Comcast Interactive Media, developed the app in-house, as it has all its mobile initiatives. Highlights of the app include a feature called The Pulse that shows the top-selling events and movie tickets purchased through Fandango, movie reviews from professional critics and film fans, and movie-related tweets.
The app also includes mapping technology that detects a user’s location and offers her nearby event and movie titles, theaters and showtimes as well as enabling her to purchase tickets. That feature helps consumers away from home find movies playing in the area—even if they don’t know their current ZIP code.
Read more at Internet Retailer.
December 27, 2010
After a rocky start to the year, Marcus Corp., which in addition to its theater assets also owns hotels, was back to making profits in the second quarter.
The lodging and movie theater operator reported that its net income was $2.1 million, or 7 cents per share, in the quarter thatended Nov. 25. That compares with a loss of $323,000, or a penny per share, a year earlier.
Read more in the Green Bay Gazette.
December 21, 2010
Good news for theatre lovers (especially those in the New York area). Recently published in 2010 is the definitive appraisal of all movie theatres to have operated in Brooklyn, a borough known to have had the most theatres operating out of the five NYC Boroughs.
December 13, 2010
A California company, Prima Cinema, is rolling out brand new releases directly to your home for the cost of $500 in addition to a one time setup fee of $20,000.
Actually, as crazy as the price tag sounds, Prima Cinema, which has backing from Universal Pictures, as well as Best Buy, is probably the future. For a decade now, Hollywood has been inching closer and closer to simultaneous release of movies in theaters and home video, what’s called day-and-date. Some cable on-demand providers already offer limited day-and-date movies: Time Warner Cable charges about $7 to see indie flicks like I’m Still Here while they’re still playing at your local art house theater. Even for bigger pictures, the window between theatrical release and DVD release has been shrinking, and looks like it’ll be shrinking even more next year, when the major studios will supposedly be unveiling a new VOD window, between theatrical and DVD release, with a premium charge of around $20 to $30.
Read more in Entertainment Weekly.
December 10, 2010
An article in The Star looks at not only how we go to the movies these days, but how different generations receive media in general.
Digital media have not only created a world starkly different from the world of a mere 15 years ago, they have changed the way people who live in the world think, behave, create and consume.
They have facilitated a generation gap that makes the divide between Boomers and their parents narrow by comparison, and they have accelerated the pace of cultural and political change to something like warp speed. In this world, The Social Network, set in 2004, can seem like the Dark Ages.