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

10.01Elon Musk says X's new algorithm will be made open source next week
10.01GameStop reportedly shuts down more than 400 US stores
10.01An Instagram data breach reportedly exposed the personal info of 17.5 million users
10.01Dont count on Baldurs Gate 3 coming to Switch 2, as least for now
10.01SpaceX can deploy 7,500 more Starlink Gen2 satellites with FCC approval
10.01The CES companies hoping your brain is the next big thing in computing
10.01Engadget Podcast: Best of CES 2026 and a chat with Pebble's founder
10.01The robots we saw at CES 2026: The lovable, the creepy and the utterly confusing
Marketing and Advertising »

All news

11.01Today's Headlines
11.01Protect Yourself: How Scammers Impersonate Trade Ideas (And What Well NEVER Do)
11.01The FTSE 100 has hit a record high. Is now the time to start investing?
11.01'I had no electricity for six months': American families struggle with soaring energy prices
11.01The real impact of roadworks on the country - and why they're set to get worse
11.01Budget 2026: States seek higher capex aid, GST loss compensation in pre-Budget talks with Sitharaman
11.01Ashwini Vaishnaw likely to attend US critical minerals meet amid Chinas supply-chain weaponisation
10.01Elon Musk says X's new algorithm will be made open source next week
More »
Privacy policy . Copyright . Contact form .