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

27.01People are uninstalling TikTok and downloading an indie competitor
26.01Google agrees to $68 million settlement in voice assistant privacy lawsuit
26.01Google aims to take the sting out of scheduling meetings with a new Gemini feature
26.01Ubisoft proposes even more layoffs after last week's studio closures and game cancellations
26.01How to generate AI images using ChatGPT
26.01Claude now offers deeper integrations with apps like Canva and Slack
26.01Trump admin reportedly plans to use AI to write federal regulations
26.01Ball x Pit's first update brings an endless mode and much more to the chaos
Marketing and Advertising »

All news

27.01Tuesday Watch
27.01Jan 26, How to Turn Your Goals into Action (Master Action Plan)
27.01Why owning sector leaders could be a smarter core bet in 2026, Axis Mutual Funds Karthik Kumar explains
27.01Q3 results today: Asian Paints, Vodafone and Tata Consumer among 59 BSE-listed companies to announce earnings
27.01Minnesota GOP gubernatorial candidate drops out, blaming Trumps immigration policy
27.01Trump raises US tariffs on South Korea imports to 25%
27.01Asian stocks dip on Korea tariffs, Yen holds gains
27.01Markets fall 4% in January over foreign fund outflows
More »
Privacy policy . Copyright . Contact form .