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

14.11AI Update, November 14, 2025: AI News and Views From the Past Week
14.11ARTIS becomes the worlds first dark sky zoo, restoring darkness in a light-flooded city
13.11With its deliberately incomplete truck, Toyota asks rural communities to finish the job
13.11How SaaS Solution Preferences Are Evolving [Infographic]
13.11How AI Is Reshaping the Modern Marketing Org
13.11AEO Optimization Checklists: How to Make Your Press Releases More Visible
12.11Smart yet simple compass empowers people with dementia to head out on their own
12.11The AI, Device, and Media Habits of Gen Alpha Teens in the US
Marketing and Advertising »

All news

16.11The hidden résumé metric that predicts whether youll get an interview 
16.11Why giving away your company is the ultimate legacy power move
16.11How my meal delivery company beat the odds to get to profitability
16.11Nature is not a blocker to housing growth, MPs find
16.11Ahead of Market: 10 things that will decide stock market action on Monday
16.11Illinois consumers face high health insurance prices, with Obamacare subsidies still in limbo after shutdown
16.11Ford gets a huge new headquarters for an ambitious new era
16.11AI is killing privacy. We cant let that happen
More »
Privacy policy . Copyright . Contact form .