Industry Analysis & Industry Trends
Movie theatre performance is tied largely to the success or failure of major blockbuster releases. On the whole, attendance at movie theatres has been slipping, partly due to the growing popularity of video-on-demand streaming services. Exhibitors have been combating falling attendance by emphasizing concessions and other merchandising. During the next five years, exhibitor revenue will continue to depend on films' ability to draw attendance. As major players upgrade theatres and add amenities, independent venues will find competing difficult, and many are expected to close down... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entering the Movie Theatres industry are very high and are only expected to increase. Entrepreneurs hoping to break into the industry face several obstacles: the high market share concentration of existing players (and of Cineplex in particular), the high initial costs required and the need to acquire rental rights for attendance-driving blockbuster films.
Cineplex operates the most first-run theatres in the most lucrative movie-going urban markets, including Toronto and Montreal, and is able to use its size, scale and higher margins to provide upgraded amenities and more screenings than smaller theatres. Initial start-up costs include renting property with access to sufficient customers... purchase to read more