Business

US Box Office Topped China in June, A First Since the Pandemic Began

Wed, 07/07/2021 - 09:17 -- Nick Dager

During June, the U.S. Domestic market outperformed China for the first time since China’s July 2020 re-opening, according to a report from the British research firm Gower Street. Bringing the best box office result since the pandemic began in the Domestic market, June lay further foundational stones for recovery despite a slight retraction in global box office compared to May, the report said. According to Gower Street’s latest monthly Global Box Office Tracker, the global box office retracted slightly in June from the previous month grossing $1.3 billion, down from $1.4 billion in May. However, this is a normal trend and no cause for concern.

Chinese Exhibitor Installs Unilumin’s LED Cinema Screen

Tue, 07/06/2021 - 11:27 -- Nick Dager

The China Film Cinema Bei'ao, Beijing, China has installed Unilumin’s UC-A41 LED Cinema Screen. The cinema is built with 21 halls, including a Cinity Giant Screen hall, a 4D hall, a standard laser Hall and a multifunctional Hall. It's a reflection of the current development level of the world's cinema technology. Hall 4 is newly installed with the UC-A41 LED cinema projection system.

European, UK 2020 Box Office Down 70 Percent

Mon, 07/05/2021 - 11:17 -- Nick Dager

While it has been widely understood that, because of the pandemic, 2020 was a terrible year for the cinema business, a new report from the European Audiovisual Observatory documents just how bad it really was. The theatrical market collapsed in 2020 with cinema attendance in the EU and the UK plummeting by 70.2 percent to an estimated 300 million tickets, down from more than one billion admissions in 2019 (the highest level since 2004). Gross box office earnings dropped correspondingly from Euro 7.20 billion to Euro 2.13 billion (US 2.4 billion), down by 70.4 percent from 2019, as the average ticket price in the EU remained stable at Euro 7.1 (USD 8.1).

CinemaNext Opens an Online Store

Mon, 07/05/2021 - 09:59 -- Nick Dager

CinemaNext today announced the roll out of its dedicated e-commerce platform, CinemaNext Shop, across Europe and internationally. The largest online sales platform for the cinema technology industry, CinemaNext Shop is designed to allow exhibitors around the globe to easily order from CinemaNext’s catalogue of thousands of spare parts, consumables, projection & sound equipment, software solutions, and much more.

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