July 10, 2013
Empire has sold the majority of its cinema assets to Cineplex and Landmark. They plan to focus on growing their Safeway supermarkets and use the money for debt repayment. Sales have been going well so far this year for the chain so this appears to be a good time to readjust their priorities.
Read more in the Globe and Mail.
July 2, 2013
The Hollywood Reporter goes behind the thermostat to report on the exhibition industry’s efforts to keep theaters cool while the earth heats up. As Seth Abramovitch notes, “Maintaining that [74-degree] temperature is not as easy as it sounds. The stadium-style seating that has become the norm in today’s multiplexes can leave upper seats too warm and lower seats too cold. Plus theaters cycle from empty to crowded and back again every two hours, placing uneven demand on heating, ventilation and air conditioning units. Evenly cooling a multiplex is therefore a costly, complicated and, not surprisingly, energy-depleting enterprise.” Read more at The Hollywood Reporter…
June 25, 2013
The Wall Street Journal discusses how to get the most out of your cinema experience in a world of premium in-home experiences. A guide to 3-D, IMAX and even the optimal sound experience is included.
June 18, 2013
In a panel at USC last week, Steven Spielberg and George Lucas commented on their predictions for the film industry. They argued that with studios funneling more and more money into big budget actions flicks, the industry will eventually implode. They say this will lead to a huge gap in variable pricing to support the films with larger budgets.
Read more at ABC News.
June 4, 2013
Building on the talk a few months back about theaters charging studios to run trailers, there is now talk amongst NATO to limit trailers to 2 minutes. Theater owners as well as patrons have voiced concerns over the growing length of the pre-show. There’s discussion as well on how far in advance of release trailers can run.
Read more in TIME.
May 8, 2013
Apparently, major movie chains felt like they had dealt with enough extra costs courtesy of the studios when they pulled sales of “Iron Man 3” last week due to demand from Disney for an increased revenue share. An agreement has been reach but the details have not been disclosed.
Read more in the Wall Street Journal.
April 30, 2013
Bow Tie to become eighth largest motion picture exhibitor in the U.S. with the largest number of theater locations in the New York metropolitan area.
Chelsea Cinemas to become flagship Bow Tie theater in Manhattan.
RIDGEFIELD, CT and BETHPAGE, NY — Bow Tie Cinemas and Cablevision Systems Corporation (NYSE: CVC) today announced that they have entered into a definitive agreement under which Bow Tie will acquire substantially all of the Clearview Cinemas theaters from Cablevision. Following the acquisition, Bow Tie Cinemas will become the eighth largest theater circuit in the United States with 388 screens in 63 locations in seven states. The company will have the largest number of theater locations in the New York metropolitan area upon closing the acquisition. Financial terms of the transaction were not disclosed.
April 26, 2013
LAS VEGAS, NV — Many items debuted at CinemaCon last week but one that particularly stood out was the Shake n’ Share. The popcorn lid serves as a cover to evenly distribute toppings and also as an extra bowl.
Read more in Las Vegas Weekly.
March 27, 2013
Morgan White shot a documentary last year about the former Toronto Underground Cinema revival theatre before it closed. It eventually spiraled into a look into the decline of the exhibition business and after a troubled journey into distribution, he’s now offering it to theaters to present for free.
Read the full story in the Dork Shelf.
February 4, 2013
Author: Ing. Juraj Misun, PhD. According to the press release the Israeli company Cinema City International saw a growth in admissions last year. The largest cinema exhibitor in Central Europe and Israel sold 2.5 percent more tickets compared to 2011. More than 36 thousand visitors found their way to a Cinema City site in one of the seven markets.
On the most important market Poland the admissions fell almost by 10 percent to 13.5 million. This drop was compensated on the home market in Israel, where the RavHen and Planet theaters sold 20 percent more tickets (4.42 million). With higher ticket prices, Israel will probably help the company to hold its profitability in 2012.