Last year was the first year that global viewers spent more on online video streaming services than attending movie theaters.
Amazon and Netflix both walked away from the opportunity to acquire Landmark Theaters.
Amazon is preparing to acquire Landmark Theaters according to unnamed sources. Fewer and fewer Americans are going to the theater, but those that do are spending more and more.
At the Sundance Film Festival, theatrical ticketing service, MoviePass launched a new service to acquire distribution rights in partnership with other buyers.
In 2017, North American theatrical admissions fell to 1992 levels. Admissions in the U.S and Canada dropped 6% to 1.23 billion tickets sold.
As Cineworld prepares to buy Regal, is AMC, the world’s largest cinema owner, also for sale? Six companies have approached AMC since September.
British film exhibitor Cineworld said on Tuesday it agreed to acquire the U.S.’s second largest film exhibitor Regal Entertainment for $3.6 billion.
After the slowest growth rate in a decade at China’s box office, the Shanghai-based subsidiary of IMAX Corp. saw net profit fall 13% from 2015.
Wanda Group is in the position to transform theatrical exhibition markets in English-speaking territories.
China’s top film regulator, announced through state-run news sources that a quota expansion is likely in the coming months.