TAIT’s Post

Alternative Operator Options: “The big question is what will happen to the cinemas that Cineworld Cinemas Ltd no longer wants. Will rival exhibitors Vue UK&I and ODEON Cinemas Group both of whom have debt issues of their own, look to acquire some of these sites, competition laws permitting? Will other operators, such as Ireland-based Omniplex Cinema Group take on some of the sites? What are the implications for staff? If Cineworld manages to secure better rental terms with landlords, will Vue and Odeon try to do the same? #cinema #leisurepropertyESS https://lnkd.in/eUuzXdz7

🎟️🎥 Alamo Drafthouse Cinema x Sony Pictures Entertainment 👉 #Sony’s Acquisition of #AlamoDrafthouse: The Imperative for Experiential Movie-Going The acquisition of Alamo Drafthouse by Sony marks a significant shift in the movie theater industry. To appreciate this move, we need to look at Alamo Drafthouse’s unique history and approach. Founded in 1997 by Tim and Karrie League in Austin, Texas, Alamo Drafthouse quickly gained a reputation for its unique combination of dining and cinema. Known for its strict no-talking policy and themed events, the theater chain became a haven for film enthusiasts seeking an immersive movie-going experience. Alamo Drafthouse’s emphasis on luxury seating, gourmet food, and high-quality audiovisuals set it apart, creating an experience that streaming services can’t replicate. This focus on experience has become increasingly crucial as theaters compete to attract audiences in a digital age. Sony’s acquisition of Alamo Drafthouse highlights the industry’s shift towards enhancing the cinema experience. By integrating Alamo’s innovative approach with Sony’s resources, we can expect more exclusive screenings and themed events, drawing more consumers back to theaters. In this new era, the key to success lies in making movie-going an unforgettable event, a strategy that Alamo Drafthouse has mastered. Alamo Drafthouse Cinema Sony

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According to Bloomberg “Bankruptcy looms over the movie business: The world’s largest theater chain, AMC Theatres, [owners of ODEON Cinemas Group] is struggling to stay afloat. Smaller but profitable exhibitors complain that #AMC and Cineworld Group [as well as Vue ] are making the entire sector unpopular with investors. Pathé Cinémas in France is thriving, Kinepolis of Belgium posted record sales and profit in 2023, and Cinepolis Corporativo of Mexico is paying down its 1.5x debt-to-earnings ratio, which is already conservative. But thanks to #AMC and #Cineworld, several companies in the sector privately say they’re struggling to raise even modest amounts of debt to modernize their circuits with better projectors and more spacious reclining seats” #cinema #leisurepropertyESS THE LEISURE PROPERTY FORUM Cinema Technology Community (CTC) Marathon not a Sprint to Recovery. Scroll down newsletter: https://lnkd.in/eMwcDSx6

MARTIN GROVE'S HOLLYWOOD REPORT FOR 3/3/24: Exhibitors got a new lease on life this weekend as DUNE: PART TWO opened to an over-performing $81.5M.   Moviegoers showed they'll hit theatres if there's something playing they want to see. They definitely wanted to spend time with Timothée Chalamet & Zendaya on Arrakis -- and in the biggest & best theatres. Premium large format (PLF) screens accounted for 48% (about $39.1M) of D2's domestic ticket sales while IMAX theatres brought in 23% (about $18.7M). As Christopher Nolan did with OPPENHEIMER, D2 director Denis Villeneuve filmed part of his 70mm movie with IMAX cameras.   The WB/Legendary hit opened #1 to $81.5M at 4,071 theatres ($20,020), , per Comscore. Hollywood handicappers were buzzing last week about a launch of up to $80M, but by mid-weekend they had scaled back to around $75M. WB started out with projections of $65M and was up to $72-75M mid-weekend.   Internationally, Comscore said D2 did $97M for a worldwide cume of $178.5M in 72 territories -- not yet including China or Japan. Earlier global guestimates were for $160M. D2 reportedly cost $190M to produce (or more, some claim) with most of that having come from Legendary.   Going into this weekend, D2 was tracking well with only one demo -- men over 25 (13 points over norm). Its next best score was with under-25 women (just three points over norm). Men under 25 didn't care (equal to norm) and neither did women over 25 (one point over norm).   What should help keep D2 orbiting nicely at the boxoffice for weeks to come are Rotten Tomatoes' critics applauding it at 94% and audiences loving it at 95%. Favorable reviews and great word of mouth typically mean  boxoffice legs. D2 runs 2 hours 46 minutes, but will get all the screens it needs to make up for performances lost because of its length. Moreover, people are turning up at 3 a.m. to see it at their theatres of choice and in the seat locations they prefer!   Thanks to D2, Comscore puts this weekend's overall marketplace at $113.02M, up 83.7% from the prior no-new-studio-openings weekend and down 5% vs. this time last year. Comscore's year to date tally has 2024 at $1.00B, down 13% from $1.15B in 2023.    Next weekend should keep exhibitors in good spirits with D2 likely to hold well and two wide openings targeted to different audiences -- Universal/DreamWorks Animation's PG animated family film KUNG FU PANDA 4 & Lionsgate/Blumhouse Entertainment's PG-13 horror thriller IMAGINARY.   Going into this weekend, PANDA 4 was tracking through the roof with under-25 men (27 points over norm) and next best with women under 25 (eight points above). No Rotten Tomatoes scores are available yet.   IMAGINARY, going into this weekend, was tracking best with under-25 women (four points over norm) and next best with women over 25 (two points above). No Rotten Tomatoes scores are available yet.   #movies #boxoffice #martingrove #duneparttwo

🎥 Could Newport's Cineworld face closure? Chain looks to restructure UK business - Island Echo Hey everyone, have you heard about the potential closure of Cineworld in Newport? It seems like the chain is considering restructuring its UK business, and there's a possibility that our local cinema could be affected. As a community, it's important to stay informed and support our local businesses. Let's keep an eye on this situation and continue to show our love for Newport's Cineworld. What are your thoughts on this news? Share your opinions in the comments below. #Cineworld #Newport #SupportLocalBusinesses https://ift.tt/1qwDhJv

🎥 COULD NEWPORT'S CINEWORLD FACE CLOSURE? 🎬 It's been reported that Cineworld, the well-loved cinema chain, is considering restructuring its UK operations, sparking concerns about the future of the Newport location. As a cherished hub for movie lovers on the Isle of Wight, the potential closure of Cineworld would undoubtedly be a significant loss to our community. Let's hope that the chain can find a sustainable solution and continue to bring the magic of cinema to Newport. What are your thoughts on this news? Share your views in the comments below. #Cineworld #Newport #IsleofWightMovieLovers https://ift.tt/1qwDhJv

The Future of Cinema: Beyond Streaming Services Cinema isn't dead; it's evolving! Despite the rise of at-home streaming, cinema attendance in 2023 soared by nearly 20%. Why? The answer lies in a shift towards immersive experiences that streaming can't replicate. Are you curious to see how cinemas are adopting this approach? Check out this insightful article by Frame: https://ow.ly/Opsk50TLgvn, which showcases four innovative cinemas redefining the film-viewing experience. Here at Ferco Seating, we're at the forefront of the exciting transition. Visit our project portfolio at https://lnkd.in/g2v3JVUe to witness how we're crafting seating solutions that cater to the modern cinemagoer's evolving demands. Embrace the future of cinema with Ferco Seating! #CreativelyInnovative #FercoSeating #CinemaDesign #SeatingSolutions #BeyondStreaming #BestSeatsintheHouseUnveiling

The Future of Theatres in the Age of Next-Gen Tech As we stand at the crossroads of tradition and innovation, the future of theatres is not just about survival but about thriving through adaptation and embracing new technologies. The rise of OTT platforms has undeniably transformed the way we consume content, bringing cinema to our fingertips. Yet, this doesn't signal the end for theatres; rather, it's a clarion call for evolution. The magic of the theatre - the communal experience, the grandeur of the big screen, and the immediacy of live performance - cannot be replicated by OTT platforms. However, theatres must recognize and leverage next-gen technologies to enhance this unique experience, making it more immersive, interactive, and inclusive. With the next generation poised to be completely dependent on new tech, theatres must act decisively to secure their future. The trajectory of theatres in the next 30 years may seem uncertain, but by embracing innovation and catering to evolving tastes, they can ensure their continued relevance and allure. #Theatre #Innovation #Technology #OTT #FutureOfCinema

🎬 Cinemas bounce back with Marvel and school holidays! August was a blockbuster month for Vue Cinemas, with sales rising 11.8% YOY, outpacing the 4.9% growth seen across the broader Participation Leisure category. The surge was driven by an 11.5% increase in transactions—marking the first positive growth for the chain since December 2023. The latest Marvel release, Deadpool & Wolverine, which hit theatres at the end of July, dominated box office sales and played a significant role in boosting foot traffic. Combined with the school holidays, it gave cinemas a much-needed lift. Want to know more? Reach out to us at info@caci.co.uk to get the latest insights from our monthly Brand Dimensions Report! 📊 #LeisureTrends #Movies #RetailAnalysis #Cinema #BusinessGrowth #MarvelMovies