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

21.12You can now tweak how warm and enthusiastic ChatGPT's responses are
21.12GuliKit's $20 mod makes the ROG Xbox Ally's joysticks drift-free
21.12A San Francisco power outage left Waymo's self-driving cars stranded at intersections
20.12Governor Hochul signs New York's AI safety act
20.12Sony's first EV with Honda will let you remotely play PS5 in your car
20.12Game publisher says cheaper Switch 2 cartridges are coming in since-deleted post
20.12Valve discontinued the last remaining LCD model of the Steam Deck
20.12Google Assistant will stick around a bit longer than expected for some Android users
Marketing and Advertising »

All news

21.12You can now tweak how warm and enthusiastic ChatGPT's responses are
21.12GuliKit's $20 mod makes the ROG Xbox Ally's joysticks drift-free
21.12A San Francisco power outage left Waymo's self-driving cars stranded at intersections
21.12Trump is leaning on son-in-law Jared Kushner for difficult diplomacy
21.12Charity welcomes living wage rise in January
21.12Cricket-themed bar chain Sixes goes into administration
21.12Postcode glitch freezes pensioners out of winter heating benefit
21.12Our built environment is exacerbating the loneliness crisis
More »
Privacy policy . Copyright . Contact form .