The visit surge brought on by 'Inside Out 2' sets an entirely new industry benchmark 👀👏 In a surprising feat, the film's release in June surpassed other major blockbusters from the past two years. During the week of June 10th, AMC, Cinemark, and Regal Cinemas experienced peak week-over-week (WoW) visits of 76.7%, 70.5%, and 83.2% respectively. This momentum continued with additional increases of 14.8%, 18.2%, and 14.3% in the following week. Compared to the weekly average of Q2 2024, 'Inside Out 2' led to visit increases ranging from 67.5% to 72.6% across these three major theater chains. Further analysis of the top visited locations at AMC, Cinemark, and Regal Cinemas indicates that 'Inside Out 2' attracted a higher percentage of visitors from households with children and lower-income households. This underscores the film's broad appeal and accessibility, solidifying its impact in the market. 🍿 Check out the report for the full analysis - linked below in the comments. #entertainment #success #consumerinsights
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Who What Where When Why How - Superficial or Reality: National Association of Theatre Owners (NATO) said its members were plowing fresh money into the theatrical #experience over the next three years. “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…” We know Who said it and What was said; the Why is to create a positive buzz; but the Where and When this will happen given the Reality of the marketplace is an unknown. ESS view this as an overly optimistic outlook – the head in the sand approach - that does little to help movie theater operators, investors, or landlords to align. Which leads back to Who is paying When the business faces On-Going Market Challenges and still down 26% v 2019 (Sept 19th): 1. Over-Optimism: Operators have consistently presented overly optimistic market forecasts, resulting in a loss of confidence from landlords and the investment community. Sanity v Operator Vanity. 2. Indebtedness and Liquidity Issues: High levels of debt (with interest), limited cash reserves, and rising costs have left many operators, including several of those listed, in a precarious financial position. Sanity v Operator Vanity. 3. Post-Pandemic Impact: The #COVID-19 pandemic caused disruptions, leading to closures, economic hardships, and increased cost of living, which have significantly impacted the #cinema sector. Reality. 4. Investment Funds are required; but its part of a much broader market volatility situation that requires first to be stabilized. Re-Build from a solid and realistic financial base. Regal AMC Theatres Cinemark Cineplex Marcus Theatres B&B Theatres Santikos Entertainment Superficial Story: https://lnkd.in/e3YgTKyT #cinema #leisurepropertyESS Entertainment Solution Services Ltd
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Regal Cinemas Unveils $250 Million Upgrade: Luxury Recliners and Digital Enhancements Coming to Theaters Nationwide Regal Cinemas Invests $250 Million to Upgrade Theaters and Enhance the Moviegoing Experience Regal Cinemas, a leading name in the movie theater industry, has announced a significant investment of $250 million to upgrade their theaters across the United States. The company plans to roll out luxury recliners and digital enhancements at over 30 locations by 2025, with the aim of attracting viewers back to the big screen in the post-pandemic era. This bold move comes at a time when Regal's parent company, Cineworld, is navigating financial challenges following its emergence from bankruptcy. The theater chain is betting on the revival of the box office and the return of audiences to the cinema as streaming fatigue sets in. The $250 million investment will not only enhance the physical experience of moviegoers with luxury recliners but will also improve Regal's digital presence, making the ticket-buying process smoother and more convenient. Regal Cinemas is confident that their revamped theaters will offer movie enthusiasts an experience that cannot be replicated at home. The company is committed to providing the best possible environment for moviegoers to enjoy the latest films. #RegalCinemas #theaters #e411news
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PVR INOX plans to expand aggressively, aiming to increase the number of screens. However, this move may not necessarily lead to an improvement in their valuations. Comparing this strategy to two prominent cinema theatre companies, AMC and Wanda Cinemas, sheds light on potential challenges. AMC, the largest cinema theatre company in the USA with over 10,000 screens, struggles with low occupancy rates, resulting in minimal profits and significant debt. This situation has even led to AMC being labeled a meme stock in the stock market. Similarly, Wanda Cinemas faces a decline in occupancy rates in China, mirroring AMC's challenges. The common trend observed in these scenarios is that when cinema companies aggressively expand, the supply of movie theatres can outstrip the actual demand, leading to financial difficulties. Given the recent merger of PVR and INOX into a single entity, it raises the question of whether this combined force will succeed in their expansion plan. What are your thoughts on the potential outcomes of this strategic move #cinema #PVRINOX #expansion #stockmarket
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The Global Movie Theater Market size is USD 63512.2 million in 2024 and will expand at a CAGR of 5.00% from 2024 to 2031. Read the Full Report: https://lnkd.in/dYqs83sp Key Players of the Movie Theater Market : AMC Theatres (United States), Cinépolis (Mexico), PVR Cinemas (India), Regal Cinemas (United States), Wanda Cinemas (China), CGV Cinemas (South Korea), Cineplex Entertainment (Canada), B&B Theatres (United States), and Others Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc. #CompetitiveInsights #Research #MarketingConsultants #MarketReports #DataAnalytics #BusinessConsultant #ConsultingServices #MarketInsights #BusinessIntelligence #MarketTrend #MovieTheater #MovieTheaterMarket
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Over the past year, theater chains like AMC have turned to special collectibles, which they can sell for higher profit margins, to maximize sluggish theatrical revenue from ticket sales as the domestic box office struggles overall. So far, they are paying off. Films that have climbed to the top of the box office charts have come with collectible popcorn buckets and beverage cups. Among them are a hat-shaped popcorn bucket for “Wonka,” a “Ghostbusters: Frozen Empire”-themed bucket featuring the gross-out mascot Slimer, and the infamous “Dune: Part Two” buckets designed to look like the giant worms of Arrakis. When paired with the right movie, these buckets can fly out of the multiplex. AMC sold out of 25,000 limited edition “Barbie” popcorn tins shaped to look like the pink convertible that Margot Robbie drives in the film. Earlier this month, Cinemark CEO Sean Gamble noted in an earnings call that his chain’s locations sold out of a Ghostface-shaped popcorn bucket released for “Scream VI” last year.
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Film & Content Distribution West Africa | Account Management | Business Analyst | Product Management | Sales Management
**Title: Reflecting on Cineworld's Recent Cinema Closures and the Broader Implications for the Theatric Industry** In a significant development, Cineworld recently announced the closure of six of its cinemas. This decision, undoubtedly challenging for the company and its employees, reflects broader trends and challenges facing the theatric industry today. The closure of these venues is not just a loss for the Cineworld brand but also highlights a critical moment for cinema chains worldwide. As we continue to see shifts in audience behavior—whether due to the rise of streaming services or changing entertainment preferences—cinema operators must adapt to a rapidly evolving landscape. These closures remind us of the importance of innovation and adaptability in the entertainment sector. While the cinematic experience remains a cherished tradition, we must explore new ways to engage audiences, enhance their viewing experiences, and ensure the industry's sustainability. As we navigate these changes, let's focus on collaboration and creative solutions that can help revitalize the cinema-going experience. The challenges are significant, but so are the opportunities for growth and reinvention.
Experienced Property, Construction & Facilities Director | Strategic Leader in Project Execution & Team Management
Less than expected, so perhaps just the first round of closures or have Cineworld been more successful than they hoped in getting rent concessions from other landlords? I struggle to believe that closing just six cinemas suddenly makes them profitable https://lnkd.in/dEWgEd-w
Cineworld confirms 6 cinemas closing in the UK
digitalspy.com
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🎬Cinemas are investing 💰BILLIONS to revitalize the moviegoing experience. Zippin can play a 🌟starring role in upgrading theater concessions where today 96% of moviegoers 🍿buy but only 36% are 👎satisfied. Zippin is a perfect fit for cinemas, where optimizing the moviegoing experience mirrors the fast-paced nature of live events. People want to see the latest blockbuster on the 🎥big screen, not waste time away from their seats. By streamlining concessions, Zippin can do for moviegoers what it has successfully done for millions of ⚾sports fans around the 🌎globe. Let them zip in, zip out, and get back to their seats fast. Learn more: https://loom.ly/aPM1BfQ #retailtech #bigscreen #concessions
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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
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🎬 Update on the future of a major cinema chain with 100 branches: Potential closures on the horizon? 🎥 According to The Sun, the cinema industry is facing uncertainty as a popular chain grapples with the possibility of site closures. As the industry continues to navigate the challenges posed by the pandemic, it's crucial to explore the impact on entertainment venues. Stay informed and join the conversation about the evolving landscape of cinemas. #CinemaIndustry #EntertainmentNews #PandemicChallenges https://ift.tt/IWp8wnb
🎬 Update on the future of a major cinema chain with 100 branches: Potential closures on the horizon? 🎥 According to The Sun, the cinema industry is facing uncertainty as a popular chain grapples with the possibility of site closures. As the industry continues to navigate the challenges posed by the pandemic, it's crucial to explore the impact on entertainment venues. Stay informed and join...
thesun.co.uk
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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
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