August 18, 2006
This blog entry gives an interesting perspective on how movie theaters can soon follow music stores as a growing piece of nostalgia.
Imagine a world without movie theaters. No multiplexes. No arthouses. No way to communally experience a film.
That day may be coming sooner than you think. Each year theatrical box office receipts decline as the DVD becomes the preferred method for audiences to watch movies.
For more, read the full story on Film Threat Blogs.
Kodak is developing an operating system for movie theaters to manage lighting, temperature and other technical functions.
Kodak Digital Cinema and National CineMedia, a partnership of the three top U.S. movie theater chains, on Wednesday said they are developing theater management software to automate digital cinema systems now being installed at movie theaters worldwide.
For more, read the full story in CNET News.
August 17, 2006
OVERLAND PARK, KS — Dickinson Theatres announced Monday that their Salina, Kansas Central Mall 8 Theatre wil began an expansion project to 10 screens. The two additional auditoriums will be located across the hall from the current theater and will feature 80 seats in one theatre and 60 in another.
The current auditoriums each have approximately 250 seats, and four of the eight screens are stadium seating. The new screens will be utilized for holdover pictures so that newer releases can be shown in the bigger auditoriums. Plus, this will give Dickinson the ability to showcase more artistic features.
August 16, 2006
BAGHDAD, IRAQ — With the all the turmoil in the country, few people are going out in search of entertainment.
In the capital of this warring country, where days beat to the percussion of bombings and gunfire and nights are spent locked down under a citywide curfew, Baghdad’s remaining moviegoers are all lonely souls.
The showing at the cavernous Semiramis cinema, with its 1,800 red velvet seats and two balconies, attracted just 11 people, each of them sitting by themselves.
For more, read the full story in the Washington Post.
August 14, 2006
PLANO, TX — Here are some more stats regarding the Cinemark buyout of Century Theatres announced last week.
Cinemark has 202 theaters and 2,469 screens in 34 states. It also has theaters in 13 countries, mainly in Mexico, South and Central America.
August 11, 2006
TORONTO, CANADA — With IMAX still not able to find a buyer, the company’s stocks are falling:
Shares of large-screen movie theater company Imax Corp. plunged more than 40 percent early on Thursday, as investors ignored improved earnings and focused on an accounting inquiry by U.S. regulators and the fact that the company still hasn’t found a buyer.
Imax fell $3.96, or 41 percent, to $5.67, on the Nasdaq. In Toronto, the shares dropped C$4.36 to C$6.41. The sell-off was also spurred by analysts who battered the stock with downgrades.
For more, you can read the full story on Reuters-Canada.
(Thanks to Snaperture for the photo.)
More and more, theater chains are scratching their heads, looking for new ways to hook in an ever-abandoning public:
This year’s 4 percent upswing at the domestic box office is more than just a welcome relief to beleaguered movie-theater chains. It is a chance to uncork a bottled-up desire to make deals.
One major transaction, Cinemark USA Inc.’s proposed acquisition of Century Theatres Inc., was struck this week, while a few other theater-related businesses — including No. 2 theater chain AMC Entertainment Inc. — are considering public offerings, analysts and investors say.
For more, read the full story in the Pittsburgh Post-Gazette.
In a surprising turn of events, there is talk of movie studios endorsing a push for the copying of movie downloads to disc:
Accused often of being anti-consumer when it comes to digital media, the movie industry has plans to relax controls over how films are copied to DVDs.
In the past, watching a movie downloaded off the Web meant viewing it on a PC. Soon, people will be able to copy a digital movie onto a specially made DVD.
For more, visit the full story on ZDNet News.
August 8, 2006
Another giant merger between two chains will further conglomerate the theater playing field:
The Plano, Texas-based Cinemark USA theater chain is acquiring Century Theatres, based in San Rafael, Calif.
The two circuits announced Tuesday that they have entered into a purchase agreement under which Cinemark will acquire all of the outstanding stock of Century for a combination of cash and stock of Cinemark’s parent company.
For more, read the Full Story in the Hollywood Reporter.
August 3, 2006
On his blog, Mark Cuban responded to the hundreds of responses to him regarding how to make the moviegoing experience better. He provides some insights as to his plans with the Landmark Theaters Chain and some interesting ideas of his own for distribution.
Please visit The Mark Cuban Weblog for the full story.
Also, thanks to Christopher Campbell and his blog on cinematical for providing this as well as other relevant industry links along with some kind words about CT.