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

06.03Old laptop, new OS: Back Market pilots ChromeOS Flex on USB for $3
05.03Corona Cero maps sunlight to help urban workers find better spots for lunch breaks
04.03Soccer club PSG scales from a sold-out 10K in Paris to year-round run clubs worldwide
03.03The new creative class? Amsterdam agency recruits 70-somethings to tackle client briefs
02.03Nine out of ten women say sex ed failed them. This company is pushing back
28.02This retro-inspired handheld comes with Banjo-Kazooie and Battletoads built in
28.02Alaska could be the next state to crack down on AI-generated CSAM and restrict kids' social media use
28.02Shuttered studio Bluepoint reportedly pitched a Bloodborne remake, but it got shot down by FromSoftware
Marketing and Advertising »

All news

06.03Tomorrow's Earnings/Economic Releases of Note; Market Movers
06.03Bull Radar
06.03Bear Radar
06.03Stocks Falling into Final Hour on Long-Term Rate Rise, Economy/Earnings Outlook Jitters, Oil Surge, Transport/Metals & Mining Sector Weakness
06.03Friday Watch
06.03Old laptop, new OS: Back Market pilots ChromeOS Flex on USB for $3
05.03Terry Savage: Bigger tax refunds are coming to seniors, but only if they file a return
05.03Aurora planning commission recommends approval of data center regulations
More »
Privacy policy . Copyright . Contact form .