Movie Theaters on track to have their best year

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The splashy start has pushed shareholders to invest in some of the country’s biggest theater chains: This year, AMC Entertainment‘s stock is up 24 percent, Carmike Cinemas is up 18 percent, Cinemark is up 17 percent and Regal Entertainment Group is up 11 percent.

“Theaters right now and into the future are a more robust proposition than ever,” said Paul Dergarabedian, a senior media analyst at entertainment researcher Rentrak. “We have tons of competing platforms, delivery systems, content . . .and yet, ‘Fifty Shades of Grey’ broke records. ‘American Sniper’ broke records. People have been ringing the death knell for theaters since TV, and it’s just not happening.”

Two mega-hits began the year by racking up ticket sales typically seen only by summer blockbusters. “Fifty Shades of Grey” made $94 million over the four-day Presidents’ Day weekend, and “American Sniper” has gone on to top $300 million nationwide.

http://www.washingtonpost.com/news/business/wp/2015/02/23/forget-netflix-movie-theaters-are-on-track-to-have-their-best-year-yet/

So much for movie theaters dying.

http://www.bloomberg.com/bw/articles/2014-07-08/reclining-seats-dine-in-menus-boost-movie-ticket-sales-for-amc

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To fill more seats, AMC Entertainment (AMC) is taking a bunch of them out. TheWall Street Journal reports that the movie theater chain is spending hundreds of millions of dollars to install fully reclining La-Z-Boy-style loungers in more than a third of its auditoriums. That will mean fewer chairs, but AMC is betting it will also translate into higher ticket sales.

The company has already had success with the idea: Attendance at its 37 previously “reseated” theaters has increased 80 percent, indicating that people can be lured away from their couches and video streaming services with the promise of a big screen and comfy chairs. Similarly, box office revenue was up more than 60 percent at those theaters, AMC Chief Executive Officer Gerry Lopez told the Journal. That’s uplifting news for the U.S. film industry, which has seen domestic ticket sales remain little changed over the past 10 years, according to the Motion Picture Association of America.

IMAX expanding to record highs in Movie Theaters this year!

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This week also saw the release of IMAX second quarter 2015 revenue, leading to a stunning half-a-billion in global box office in the first half of 2015, driven by a second quarter 35% increase over the same period in 2014. 

Box-Office is up by 7.7% compared to the previous year!

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Box office is up 7.7% so far in 2015, buoyed by a string of big blockbusters and over-achievers —Jurassic World, Furious 7, Avengers: Age of Ultron, Inside Out, Minions, Fifty Shades of Grey, Cinderella, San Andreas, and Kingsman: The Secret Service being the notably heaviest hitters. 

More and more movie theaters are built despite last year's week attendance!

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In the U.S., we had an increase of more than 600 screens last year, despite the overall false perception you might have that theaters are on the decline.

International movie attendance is increasing!

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International audiences [are] hungry for more movies and greater access to theatrical experiences, and with premium theaters offering better comfort and enhanced viewing beyond what home theaters can offer, the outlook for cinema and theaters is quite healthy.

Star Wars baby!

Mecha wrote:

Star Wars baby!

Considering that Star Wars comes out at the last half of December, it'll probably help the theater business more next year than this year.

RamboOnRedBull wrote:

Mecha wrote:

Star Wars baby!

Considering that Star Wars comes out at the last half of December, it'll probably help the theater business more next year than this year.

 
Yeah, we're going to need more seats for films like Star Wars coming out. Opening weekend is going to be crazy. I don't know if I'll make it? O.o

Mecha wrote:

RamboOnRedBull wrote:

Mecha wrote:

Star Wars baby!

Considering that Star Wars comes out at the last half of December, it'll probably help the theater business more next year than this year.

 
Yeah, we're going to need more seats for films like Star Wars coming out. Opening weekend is going to be crazy. I don't know if I'll make it? O.o

I hope I'll see it on premiere day, but it kind of depends on whether all tickets are sold out by then over here. Honestly, I wouldn't even be surprised if that became the case, lol.

Mecha wrote:

RamboOnRedBull wrote:

Mecha wrote:

Star Wars baby!

Considering that Star Wars comes out at the last half of December, it'll probably help the theater business more next year than this year.

 
Yeah, we're going to need more seats for films like Star Wars coming out. Opening weekend is going to be crazy. I don't know if I'll make it? O.o

I work at an AMC and we've been told we're going to be open 24hrs. I know I won't make it. lol