Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-09-20 16:00:54| Engadget

The biggest theater chains in the US and Canada are giving their cinemas a major upgrade in hopes of enticing more people to watch movies outside of their homes. According to Variety, they're planning to spend $2.2 billion to modernize 21,000 screens over the next three years even adding activities audiences can do, like pickleball and ziplining. Michael O'Leary, the president and CEO of the National Association of Theatre Owners (NATO), told the publication that the industry feels it has "turned a corner" and that "audiences are coming back to the theaters." However, they have to do more to make the shared cinematic experience more enjoyable.  People have become used to waiting for films to come out on streaming over the past years, after all, and they're not going out for movies they don't feel compelled to see as soon as they come out. The total US domestic revenue for this year's summer box office, for instance, is over 10 percent lower than last year's. Variety says AMC, Regal Cinemas, Cinemark, Cineplex, Marcus Theatres, B&B Theatres, Harkins Theatres and Santikos Entertainment have all told NATO that they're investing money to better their facilities.  The companies are expected to spend their budgets on upgrading their laser projectors and their sound systems, as well as on installing more comfortable seating, better AC, lighting and carpeting. And, yes, they're adding new attractions like pickleball courts, arcades, ziplines and bowling alleys, which could change what it means to go to the movies. The image above is a pickleball court at a B&B Theatre cinema. "This investment of resources is the next step in our industrys ongoing commitment to ensuring that going to the theater remains a unique and special experience for generations to come," O'Leary said. Whether the strategy works or not remains to be seen, but that these companies are willing to spend a collective amount of $2.2 billion in upgrades signifies that they're at least in a better place than they were in at the height of the pandemic. This article originally appeared on Engadget at https://www.engadget.com/entertainment/tv-movies/theater-chains-will-spend-22-billlion-to-lure-you-back-to-the-movies-140054935.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

15.09At Shenzhen Airport, Meituans delivery robots bring meals to passengers waiting at gates
12.09AI Update, September 12, 2025: AI News and Views From the Past Week
12.09When phone batteries drain, Vodafone steps in with free replacements
11.09What Is 'Unbossing'? And Do Workers Want It? [Infographic]
11.09Adtech's Publisher-First Era: How SSPs Must Adapt to Survive
11.09Ralph Laurens new AI stylist, Ask Ralph, delivers custom style advice and curated outfits
10.09What Stops Marketers From Getting the Most Out of Data?
10.09Why B2B Brands Should Stop Selling--and Start Teaching
Marketing and Advertising »

All news

16.09Senate clears Trump pick Miran to Fed board ahead of key interest rate vote
16.09Just 48 hours ahead of big rate call, Senate approves Trump economic adviser to serve on Federal Reserve board
16.09Asian stocks gain at open after Wall Street rally
16.09Anand Rathi Share to launch Rs 745 crore IPO this month
16.09'Not satisfactory': After Nestle, Australia's Super Retail fires CEO over relationship disclosure
16.09JPMorgan to trim China, India share in EM bond index
16.09Appeals court rejects Trumps bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
16.09Fund managers reshuffle portfolios in August, bet on auto, financials and IT counters
More »
Privacy policy . Copyright . Contact form .