Cinema Park and Formula Kino, Russia’s largest cinema chain with more than 25 million visitors per year, decided to launch dynamic pricing at the three sites: Cinema Park Metropolis, Cinema Park Global City and Cinema Park Mega Belaya Dacha.
The goal is to reward moviegoers who book early and come to shows at non-peak times with attractive prices. Guests are offered three different price levels for movie tickets: light, comfort and standard. Light and comfort offer significant discounts to the standard rate and are optimized in real-time based on predicted demand, time of booking and pre-sales.
For the convenience of the customer, light and comfort rates are highlighted in green or yellow on box-office monitors and the theaters’ websites.
“Dynamic pricing in cinemas is a major trend in 2018. Large international networks such as AMC-UCI and Regal are actively testing and implementing this system, which drives revenue in peak periods and increases attendance in non-peak periods,” said Roman Linin, CEO of the United Cinema Chain. “For us it is important that the largest Russian cinema chain Cinema Park and Formula Kino moves with the times and keeps up with world trends.”
In January, the German division of the world's largest cinema operator AMC Entertainment, UCI Kinowelt, switched to a similar model with the help of Smart Pricer.
“Dynamic pricing creates a true win-win situation for moviegoers, distributors and exhibitors. Moviegoers are rewarded for booking early and attending low-demand shows with more attractive prices. Exhibitors drive online sales and overall revenues, which also benefits distributors,” said Christian Kluge, CEO of Smart Pricer, the company that developed the real-time dynamic pricing software.
Smart Pricer is a Berlin based company that gives businesses in the entertainment and sports industry around the globe the necessary tools to increase ticketing revenues and attract more visitors.
Cinema Park and Formula Cinema merged to form United Cinema Chain, the largest cinema chain in Russia. It includes 77 cinemas in 29 cities. At the moment, the chain operates 641 movie screens in Russia.
Smart Pricer www.smart-pricer.com
Cinema Park http://www.cinemapark.ru/