Imax and muvi Cinemas, the major Saudi Arabia exhibitor, have signed a four-theater deal.
The Hollywood Reporter’s Post
More Relevant Posts
-
Cape Town Home Cinema specialist. Designing and building home cinemas. With over 10 years experience designing and installing high performance Home Networks and Home WiFi.
Things that make me laugh: "Going to the cinema still offers an unmatched immersive experience to movie lovers, which cannot be replicated at home." https://lnkd.in/dR_fC8D8 If you have ever wondered about the quality of the home cinemas that we are designing and building, I can guarantee you that they far exceed the experience of any commercial cinema in South Africa. This is before we begin to consider the comfort of being at home, your choice of movies available, snacks, drinks and generally not being distracted by other factors in the cinema. oh.. & I can guarantee you that we are designing and building far more immersive home cinemas than the commercial cinemas in South Africa.
Bad news for Ster-Kinekor — and other cinemas in South Africa
https://mybroadband.co.za/news
To view or add a comment, sign in
-
Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>
Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share
https://lagosmetropolitan.com
To view or add a comment, sign in
-
Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>
Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share
https://lagosmetropolitan.com
To view or add a comment, sign in
-
Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>
Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share
https://lagosmetropolitan.com
To view or add a comment, sign in
-
Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>
Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share
https://lagosmetropolitan.com
To view or add a comment, sign in
-
Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>
Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share
https://lagosmetropolitan.com
To view or add a comment, sign in
-
Part 2 of cinema site-sizes: Central and eastern Europe has the highest concentration of single screen sizes at 56%, a structural legacy of the past, followed by Western Europe, which is partly down to cultural policy of supporting cinemas. Conversely, Latin America and Caribbean has the lowest rate at 16.9% as most cinemas are newer and larger. At the larger end, 11.1% of cinemas have 15 screens and more in North America compared to only 0.4% in Asia/Oceania.
To view or add a comment, sign in
-
The Economist : “The box office has a bad case of long #covid. Worldwide takings last year were a quarter below their pre-pandemic peak. Americans, who went to the cinema more than five times each in 2000, last year went fewer than three times. As streaming services keep audiences glued to the small screen, theatre chains including #Cineworld, the world’s second-largest, have entered administration. Yet the biggest of the big screens are thriving. #imax, whose screens are as large as 38 metres (125 feet) wide with denture-rattling sound systems, had worldwide box-office takings of $1.1bn last year and its biggest-ever haul in America and Canada. On February 27th IMAX reported that its annual revenue was up by a quarter, and it expects to install up to 150 new screens in 2024” #cinema #leisurepropertyESS https://lnkd.in/euU66uVi
Cinemas may be dying. But IMAX and the high end are thriving
economist.com
To view or add a comment, sign in
-
Struggling entertainment concepts: There are now about 36,400 movie theater screens in the U.S. That is nearly 12% less screens than in 2019 when many theaters closed during or immediately after the pandemic, according to Omdia. Box office sales point to an even worse picture. The total number of movie tickets sold last year was one-third lower than during pre-Covid 2019 era, according to The Numbers, which tracks box-office data. Let me cite two examples, Cineworld Cinemas Ltd., the world’s second-largest movie-theater chain and the owner of Regal Cinemas emerged from bankruptcy last summer after closing about 75 of its 505 U.S. locations. AMC Theatres, the world’s largest theater operator, has closed 169 theaters since the end of 2019 but opened only 60 new cinemas. Because theater space is so difficult to reconfigure physically, theater operators have the upper hand when negotiating new leases or renegotiating existing leasing with their landlords. “The new (theaters) that we’re opening are far more profitable than the ones that we’re closing,” said AMC CEO Adam Aron. Why? Lower rents. Sales at theaters barely achieved $110 a square foot last year (less than a fourth of the retail space national average performance), an improvement but still about 20% below 2019 levels, according to Datex Property Solutions. But good news is expected next year, I think. Theater operators are optimistic because the film output slowdown stemming from the writers’ and actors’ strikes is expected to ebb, giving theaters more movies to show in 2025. We work with two consultants who analyze theater leases and give us real-time advice as to how landlords can restructure theater leases, whether to consider termination deals, restructuring or even new leases. Landlords, don’t make deals on heresay information. You’ll just leave money on the table. If this is an issue of concern, let’s plan to meet at ICSC Las Vegas to discuss alternatives at no cost or obligation.
Movie Theaters Have Weird Real Estate. It’s Saving Them.
wsj.com
To view or add a comment, sign in
-
Europe is getting creative in a effort to lure audiences back to movie theaters in a context where moviegoing is down 15-20% from pre-pandemic years. The Cineville subscription based model, first launched in Belgium and the Netherlands, is about to launch in Germany, and probably also in Sweden. It’s an interesting concept but I would say that the problem of European cinema is the lack of development and coproduction of more escapist, high-concept events and pan-european tentpole movies based on IP. This being said, it doesn’t mean all movies need to be big budget blockbusters. Blumhouse is the perfect illustration of how you can succeed if you invest in smart, distinctive cost-efficient genre film experiences. Also, there’s definitely more potential to be explored in closer partnerships between global streamers and local theatrical distributors and exhibitors. At the end of the day though, distinctiveness and entertainment value are key components. #european #cinema #highconcept #tentpole #unique #entertainment #distinctive
European cinemas focus: how continental exhibitors are getting creative to boost audiences
screendaily.com
To view or add a comment, sign in