The drive-in-movie theatre market is expected to be worth $9.5 billion by 2032, according to a new report from Global Market Insights. The report attributes the growth to the rising integration of advanced technologies and the ongoing improvement of drive-through areas will contribute to robust industry evolution.
The award-winning studio Neon has expanded its creative and marketing team with the hires of Alexandra Altschuler as vice president of media and Don Wilcox as vice president of marketing, both of whom join Neon from previous tenures at A24.
In the first half year of 2023, Kinepolis generated 25.1 percent more revenue than in the same period in 2022 and 19.8 percent more than in the first half of record year 2019. Revenue per visitor also reached their highest level ever.
The National Film Authority of Ghana has announced a strategic partnership with FilmOne Group, Nigeria, and Silverbird Cinema, Ghana, to host the inaugural Africa Cinema Summit scheduled to take place November 14-16 at the Mövenpick Ambassador Hotel and Silverbird Cinema in Accra, Ghana.
Christie will feature its wide range of cinema technology at the Beijing International Radio, TV and Film Exhibition, to be held at the China International Exhibition Center from August 23-26.
CJ 4DPlex and EVT, owners of Event Cinemas, the largest movie exhibitor in Australia, announced today that they have expanded their partnership to open the first ScreenX auditorium in Australia at Event Cinemas Robina on the Gold Coast, Queensland.
PVR Inox, India’s biggest theatre chain, has launched the only standalone Imax property in the country. The company has installed Imax Laser Projection in Delhi’s Priya Cinema, located at Basant Lok Complex, Vasant Vihar. While other Imax theatres in the country house regular theatre formats and projections alongside, this marks the first time an entire cinema is dedicated to Imax screenings.
Digital Cinema United, a subsidiary of Liquid Media, has expanded with the addition of 100 new exhibitors.
Call it the Barbenheimer effect, but heading back to the cinema is cool again. In the wake of that comes a new ad campaign for Regal Cinemas that plays on the FOMO (the fear of missing out) and the idea that nothing beats seeing the latest release on the big screen.
The diversified cinema and real estate company Reading International, with operations and assets in the United States, Australia, and New Zealand, announced its results for the second quarter ended June 30. President and CEO Ellen Cotter said, “Our second quarter operating results were strong, with $65 million in global total revenue and $1.8 million of global operating income, delivering the best performance since the fourth quarter of 2019. Our global cinema business delivered operating income of $4.5 million, which is also the highest since the fourth quarter 2019, driven by a significantly stronger movie slate, including the phenomenal theatrical release of The Super Mario Bros. Movie, which has grossed $1.3 billion in Worldwide Box Office to become the second highest grossing animated picture of all-time.