More "luxury" movie theaters, Regal gets bigger
Variety reports another development in the movie theater biz: Village Roadshow Ltd., Act III, Lambert Entertainment and the Retirement Systems of Alabama pension fund have joined up to give the US the new Village Roadshow Gold Class Cinemas. The $200 million endeavour plans to build 50 "luxury" theaters over the next five years, with the […]
In: Around the Intertubes, News · Tagged with: business, movie theater industry, movie theatres
A new business model for movie theaters, an indie movie glut, more (updated)
The New York Times has a really cool article about the woman who founded Film Streams, not-for-profit art house movie theater in Omaha, Nebraska. Rachel Jacobson, a 29 year old Omaha native, said in an interview, [that] though there are certainly more of them being made nowadays — (the showing of small films) is not great business. […]
In: Around the Intertubes · Tagged with: business, movie theater industry, movie theatres
2007 box office breaks a record, ticket sales flat
According to The Hollywood Reporter, 2007 had box office returns of $9.63 billion, citing data from the Motion Picture Association of America’s annual “state of the union” report. This new record represents a 5.4% increase over 2006, according to the article, but that’s failing to factor in the insane amount of inflation we had last […]