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

25.01Outside Parties is the creepiest Playdate game yet, and I'm kind of obsessed
25.01Microsoft releases second emergency Windows 11 update to fix Outlook crashes
25.01Apple reportedly plans to reveal its Gemini-powered Siri in February
25.01Yoshi and Birdo arrive in new trailer for The Super Mario Galaxy Movie, along with an earlier release date
24.01Report reveals that OpenAI's GPT-5.2 model cites Grokipedia
24.01Google says it's working to fix Gmail issue that's led to flooded inboxes and increased spam warnings
24.01US Congress members call for 'thorough review' of EA's $55 billion sale
24.01NTSB will investigate why Waymo's robotaxis are illegally passing school buses
Marketing and Advertising »

All news

26.01Jan 25, How to Deal with Naysayers When You Set Big Goals
26.01Oil holds onto gains as Iran keeps investors on edge
26.01Yen firms as markets on watch for intervention
26.01Mutual Fund AUM growth slows to 3-year low in 2025
26.01Tense Fed is set to lead global peers with interest-rate hold
26.01Greenko Energy raises Rs 4,800 crore from NaBFID
26.01Nifty eyes relief rally on tariff hopes, FIIs remain a drag
26.01Jan 25, Should You Share Your Goals? Smart Goal Communication Tips
More »
Privacy policy . Copyright . Contact form .