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

28.01Amazon's latest round of layoffs will affect 16,000 workers
28.01Windscribe review: Despite the annoyances, it has the right idea
28.01Belgian supermarket Delhaize launches cooking camps for kids
28.01Mark Zuckerberg was initially opposed to parental controls for AI chatbots, according to legal filing
28.01Meta blocks links to ICE List, a Wiki that names agents
27.01Adobe Photoshop upgrades its Firefly-powered generative-AI editing tools
27.01Astronomers discover over 800 cosmic anomalies using a new AI tool
27.01Sennheiser debuts new models of wired headphones and earbuds
Marketing and Advertising »

All news

28.01Windscribe review: Despite the annoyances, it has the right idea
28.01Amazon's latest round of layoffs will affect 16,000 workers
28.01Government offers UK adults free AI training for work
28.01Rupee lags Asian peers as NDF maturities, month-end dollar bids pinch
28.01Dont worry, Ive got you: 3 artists channel the outrage of Minneapolis
28.019 startups from Palantir alumni you need to know
28.01Oxfords giant new lab building has a secret hidden in its facade
28.01This is what happens when failure leads to a promotion
More »
Privacy policy . Copyright . Contact form .