Placer.ai’s Post

"AMC Theatres, Regal Cinemas and Cinemark all reported a bigger year-over-year share of visitors who went to a movie at least twice in the third quarter, according to Placer.ai, a Los Altos, California-based company that tracks foot traffic. The data shows that blockbusters still drive people to physical theaters despite overall ticket sales remaining lower than pre-pandemic numbers." The success of three box office hits—“Barbie,” “Oppenheimer,” and Taylor Swift's concert film—during the third quarter highlights the resurgence of cinema attendance, marking a positive development for traditional theater owners. CoStar News' Nicole Shih and Jack Witthaus features Placer.ai's "Blockbusters Drive Movie Theater Comeback" in their recent article. Learn more here: https://lnkd.in/egzB7jgv #foottraffic #foottrafficanalytics

REPLUG: Cinemas have done absolutely *insane* business this August. The August 11-13 weekend when Jailer, Gadar 2, and OMG2 opened, was the biggest weekend in PVR Limited's history. So, is it safe to say the cinema business is back on track? Yes, for now. But what cinemas really need is consistent business over several quarters. A good way to check if this is happening is to look at cinemas’ ad revenue. This line of business has been recovering the slowest post-pandemic for PVR-Inox. It has prompted those in the in-cinema ads business to join hands. In July, I wrote about the proposed JV between UFO Moviez India Limited and Qube Cinema. Why are they floating JVs? Read about it only on The Impression by The Signal where I explain why ad revenue is a better way to check long-term cinema recovery. Head to the comments for a link! So: PVR-Inox will probably have amazing numbers to report for the September quarter. But keep an eye on ads revenue for the long-term picture.

"The data also suggest that cinema chains are getting closer to prepandemic visit numbers. Compared with 2019, overall visits to AMC AMC, -0.54% and Regal during the third quarter were down by 16.9% and 19%, an improvement over 30.8% and 32.1%, respectively, in the second quarter, according to Placer.ai." AMC Theatres is enjoying a foot-traffic boost thanks to "Taylor Swift: The Eras Tour” and summer blockbusters “Barbie” and “Oppenheimer,” according to Placer.ai's "Blockbuster Drive Movie Theater Comeback" report. Read James Rogers' full MarketWatch story here: https://lnkd.in/ep3z28_N #foottraffic #foottrafficanalytics

The Global Movie Theater Market size is USD 63512.2 million in 2024 and will expand at a CAGR of 5.00% from 2024 to 2031. Read the Full Report: https://lnkd.in/dYqs83sp Key Players of the Movie Theater Market : AMC Theatres (United States), Cinépolis (Mexico), PVR Cinemas (India), Regal Cinemas (United States), Wanda Cinemas (China), CGV Cinemas (South Korea), Cineplex Entertainment (Canada), B&B Theatres (United States), and Others Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.    #CompetitiveInsights #Research #MarketingConsultants #MarketReports #DataAnalytics #BusinessConsultant #ConsultingServices #MarketInsights #BusinessIntelligence #MarketTrend #MovieTheater #MovieTheaterMarket

🎬 Update on the future of a major cinema chain with 100 branches: Potential closures on the horizon? 🎥 According to The Sun, the cinema industry is facing uncertainty as a popular chain grapples with the possibility of site closures. As the industry continues to navigate the challenges posed by the pandemic, it's crucial to explore the impact on entertainment venues. Stay informed and join the conversation about the evolving landscape of cinemas. #CinemaIndustry #EntertainmentNews #PandemicChallenges https://ift.tt/IWp8wnb

"Barbenheimer," the cultural phenomenon that has captured the world's attention, proves that opposites can indeed attract and result in a surge of foot traffic in theaters worldwide... In his latest MarketWatch article, James Rogers delves into how these blockbuster releases are elevating the moviegoer experience and revitalizing cinemas with a much-needed boost. Check it out below ↓ and a big thank you to James for including us in the feature! Jesse Kent Derring-Do Inc.

Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>

CACI Ltd Brand Dimensions U.K. Insights: "Comparing sales year-on-year, Everyman Media Group PLC saw a 71% increase against July 2022, whilst Curzon had an even more impressive 144% uplift. The three largest #cinema brands – Cineworld Cinemas Ltd, Vue UK&I, and ODEON Cinemas Group – all benefited from year-on-year sales growth of above 30%, with only the latter two sitting below the industry average of 44%. Competitive Socialising operators tracked, including the likes of Flight Club Darts and Hollywood Bowl Group Plc, saw sales increase by 41%" #leisureproperty Harriet Shaw Arabella Dalloz Cinema Technology Community (CTC) More about Brand Dimensions: https://lnkd.in/en99ZmkX

Lagos Metropolitan: Nigerian cinemas witness record revenue in 2023, Nollywood dominates market share - https://lnkd.in/dzU6fWNF In a groundbreaking achievement, Nigerian cinemas amassed a staggering 7.2 billion naira in revenue throughout 2023, drawing over 2.6 million admissions, with Nollywood commanding a formidable 39 percent market share, as revealed by a comprehensive report. These earnings represent a notable surge, exceeding the previous year’s figures by over 416 million naira, accompanied by a<a class="read-more-link" href=""> Read More...</a>