November 19, 2012
Cinemark is expanding its reach again with is purchase of Rave Cinemas over the weekend. After Carmike purchased 16 of their screens last month, Cinemark is now buying everything else from the chain that reportedly brought in $228 million in revenue last year.
What will be the next chip to fall in this season of consolidation?
Read the full story in the Los Angeles Times.
November 13, 2012
Bud Mayo at Digital Cinema is interested in purchasing the mainly suburban Northeast chain, Clearview Cinemas. He actually founded the chain in 1994 before selling it to Cablevision five years later. He’s now looking to expand his brand and with only ¼ of the screens converted to digital, Cablevision has been looking for a buyer.
Read more at Bloomberg.com.
November 7, 2012
October 15, 2012
October 4, 2012
September 19, 2012
NEW YORK, NY — A battle is heating up in New York between theater owners and the city over a ban on large sugary drinks. Due to the fact that theaters make more profits on concessions than anywhere else, a ban could lead to higher ticket prices.
Read more about both sides of the story in the Huffington Post.
September 5, 2012
August 27, 2012
Paul Thomas Anderson’s new film “The Master” is being released next month and he’s stepping up to encourage cinemas to show it in 70mm. It’s unclear how many will follow suit and if the studio will truly push this but he’s hoping.
Read more in Cigarettes & Red Vines.
August 23, 2012
PORTLAND, OR — While other cities are struggling to find a place for art house releases, Portland is sitting pretty with a surplus of cinemas. Oregon Live reports that compared to Boston, Portland has numerous avenues for successful indie releases including second-run options as well.
August 17, 2012
Despite a supposed slowdown due to the Olympics, Cinemark is reporting a modest gain from last year in Q2. They also claim there is a renewed commitment from studios to protect the lucrative theatrical window.
Read more in the Hollywood Reporter.