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AniNate

The Movie Theater industry thread | Discussing news specifically relating to theater chains (AMC, Cinemark, Regal et al)

By AniNate, in Box Office Discussion

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AniNate Global Phenomenon

AniNate

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We have threads for all the specific major film producing studios like Disney, Universal and Warner, but we don't have a thread yet dedicated to the industry sector that actually makes this forum run: The theaters. It remains an $8-9 billion annual operation, and I think their day to day business news is just as worthy of a thread dedicated to its own discussion as the studios, rather than likely being lost in weekday/weekend discussion on the days it's announced to the public.

 

Gonna start this off with a couple optimistic developments:

 

'Moana 2', 'Mufasa: The Lion King' To Be Shown in Imax: Box Office (deadline.com)

 

Cinema Chains Put $2.2B Bet On Box Office Rebound With New Upgrades (hollywoodreporter.com)

 

North American movie exhibitors are set to invest $2.2 billion in new theater upgrades to take advantage of Hollywood’s overall box office rebound this year.

 

On Thursday, the National Association of Theatre Owners said its members were plowing new money into the theatrical experience over the next three years to continue drawing cinema-goers out of their homes after studio tentpoles like Inside Out 2, Deadpool & Wolverine and Despicable Me 4 filled the local multiplex earlier this year...

 

The new theatrical space investment is to come from eight cinema chains in the U.S. and Canada: AMC Entertainment Inc., Regal Cinemas, Cinemark, Cineplex, Marcus Theatres Corp., B&B Theatres, Harkins Theatres and Santikos Entertainment. Together, the national and regional circuits have over 21,000 screens and bring in just over two-thirds of the North American box office.

Edited by AniNate
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Eric Olsen Global Phenomenon

Eric Olsen

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Variety mentioned theaters want to add in pickleball courts and ziplines in these renovations and upgrades. Which like...I think that money would be better spent on just making more IMAX/Dolby/4DX auditoriums into your theater (maybe two of each PLF?), but what do I know I guess?

AniNate Global Phenomenon

AniNate

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It does feel like trying to cash in on a short-term yuppie trend, though I do think there is a future in entertainment venues that are "movie theaters + physical activity" outlets as a way to attract people who'd rather be spending their free time burning calories.

 

I saw this article about what a former movie theater is being converted into, and I honestly can't be that mad about it from a humanitarian well-being perspective:

 

Indoor trampoline park opening in former Columbus, Ohio, movie theater (nbc4i.com)

 

 

Also this former Cinemark just reopened near me, and they're putting in a playground in a theater that kids can play in for 30 minutes before the start of a film:

 

B&B Theatres opens first Ohio location in former Cinemark in Macedonia (beaconjournal.com)

 

 

The theater also will have several additional amenities, including:

The company’s own signature Grand Screen premium large format with wall-to-wall curved screens, RealD 3D and high frame rate capabilities, and DTS-X immersive surround sound.
ScreenX, a multi-projection immersive cinematic platform, which expands the onscreen action onto the sidewalls of the auditorium.
ScreenPLAY!, an in-theater playground and custom preshow, plus 30 minutes of playtime before a family-friendly feature.
The Lyric, which is an upscale auditorium with a reduced seat count and high-end finishings that is designed as a rentable venue for private events.

Edited by AniNate


dudalb Global Phenomenon

dudalb

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Basic problem is that theater chains overbuilt; they simply have too many screens. And overhead..which can be a huge cost factor....is almost the same for a empty theater as for a crowded one. Both have to be cleaned, etch.

So naturally the chains are looking for new gimimicks to bring in income.

And some chains built their theater complexes too close to each other; they steal each other's business.

Edited by dudalb


dudalb Global Phenomenon

dudalb

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On 9/19/2024 at 2:20 PM, Eric Harris said:

Variety mentioned theaters want to add in pickleball courts and ziplines in these renovations and upgrades. Which like...I think that money would be better spent on just making more IMAX/Dolby/4DX auditoriums into your theater (maybe two of each PLF?), but what do I know I guess?

I can't agree with more screens,even the IMAX ones  if anything the problem is theaters overbuilt and now have to many auditoriums which are too often almost empty and still eat up resources in upkeep.  Not sure any gimmicks will work at this point.

The problem is that loss of audience to streaming, and that is simply not going away. I think a lot theaters are going to be closed.

BTW I doubt that any of these fancy theaters except IMAX is an actual draw. I , for one, don't think the 4DX is htat much better then a normal screen.

cannastop Global Phenomenon

cannastop

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13 hours ago, dudalb said:

I can't agree with more screens,even the IMAX ones  if anything the problem is theaters overbuilt and now have to many auditoriums which are too often almost empty and still eat up resources in upkeep.  Not sure any gimmicks will work at this point.

The problem is that loss of audience to streaming, and that is simply not going away. I think a lot theaters are going to be closed.

BTW I doubt that any of these fancy theaters except IMAX is an actual draw. I , for one, don't think the 4DX is htat much better then a normal screen.

IMAX and DOLBY are absolutely draws. And there are some cases where there aren't enough of those premium screens. There probably are enough standard screens though, more than enough.

 

I kind of agree that the theatrical marketplace is steadily declining and there's not much to be done.

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cannastop Global Phenomenon

cannastop

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1 hour ago, AniNate said:

Man, even when I share a positive earnings report all y'all can do is doom

Cinemark is always an exception. The one theater chain with decent financials.









cannastop Global Phenomenon

cannastop

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1 hour ago, PlatnumRoyce said:

What should I be looking at/for?

Their stock went down over 5% because they lost money. Also kind of alarming how aggressively they're doing upgrades









dudalb Global Phenomenon

dudalb

Posted
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On 11/1/2024 at 5:54 AM, AniNate said:

Man, even when I share a positive earnings report all y'all can do is doom

Problem is the numbers in that report are not impressive compared to pre 2020 numbers.

 



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