European cinema saw box office takings rise by more than 50% last year, with over 800 million visits across the region. Data collated by the International Union of Cinemas (UNIC), the trade association representing cinema operators and their national associations across 39 European territories, found that box office reached €5.7bn during 2022-23, an increase of …
Maoyan Entertainment continues to battle pandemic-affected trading conditions
Maoyan Entertainment, an entertainment services provider in China, has witnessed a decrease in its annual financial reporting in 2022, as the country continued to be affected by COVID-19 restrictions. Revenue decreased from RMB 3.3bn (£393m/€450m/$480m) in 2021 to total RMB 2.3bn in 2022, while gross profit was also down from RMB 1bn compared with RMB …
NTIA report shows businesses teetering on the edge in cost-of-living crisis
A report from the Night Time Industries Association (NTIA) has shown that despite glimpses of recovery following the COVID-19 pandemic, the cost-of-living crisis could deliver the final blow for some night time businesses. In the decade leading up to the onset of the pandemic in 2020, the UK’s night time cultural economy (NTCE) showed steady …
AMC Theatres introduces new ticket pricing structure
AMC Theatres is introducing a new ticket pricing structure that will differ depending on seating position. Sightline at AMC’s US cinemas joins a number of other entertainment venues that offer different prices for different views, and will include seats in Value Sightline, Standard Sightline and Preferred Sightline sections. Standard Sightline seats will be available for …
Chinese cinema strives for post-COVID recovery
Chinese cinema is aiming for a post-COVID recovery with its latest spate of films and the holiday period. Statistics from the China Film Administration on January 28 showed that China’s movie box office revenue had reached nearly 6.76 billion yuan (£812m/€912m/$1bn) during the Spring Festival holiday. This is the second-highest gross figures for this holiday …
Cineworld commits to selling business as a whole
Cineworld has denied that it looked into breaking up the business and selling some of its locations to the owner of its rival, Odeon. The cinema chain said that it was holding out for a buyer that was interested in acquiring the entire business. There had been reports that the British cinema chain, which filed …
Tech Stack: BTS, Formula E and more…
Our weekly tech round-up from the world of ticketing and associated industries… BTS on screen In February, K-Pop fans will be able to watch BTS’ latest concert, ‘BTS in Busan’ in cinemas worldwide. The cinematic cut has been re-edited and remixed for the big screen, and will feature new close-up angles and a whole new …
Italy’s Culture Minister dedicates funds to cinema recovery
Italy’s cinema industry is set to receive a boost thanks to cut-price tickets, according to the country’s Culture Minister Gennaro Sanguiliano. As seen by the demise of major cinema chains in the UK and US, cinemas suffered significantly due to long periods of closure during the pandemic. According to a report from news outlet Il …
Cinema drawing in adults faster than theatre in post-pandemic environment
New analysis of data recently published by the UK’s Department for Digital, Culture, Media and Sport (DCMS) has shown that patrons are returning much faster to cinemas and exhibitions than live music shows and theatre productions. However, the data shows a positive trajectory in post-pandemic arts attendance by English adults. The analysis was undertaken and …
Emperor Group promotes reforestation drive with Mastercard
Asian chain Emperor Cinemas Group has joined with Mastercard to use ticket sales to raise money for a reforestation initiative. Emperor Group has joined Mastercard’s Priceless Planet Coalition, which is a platform that unites companies, communities and consumers in climate action and now includes more than 110 partners globally, including merchants, fintechs and banks. HK$2 …