Skip to main content

Tech and Innovation to Save Movie Theaters

Hollywood Reporter -- Major film exhibitors at an investor conference predicted increased boxoffice momentum in the second quarter and vowed to use technology and innovation to further improve the moviegoing experience to stay relevant in a rapidly changing industry.

Exhibition chains had an unusually strong presence at the annual Bank of America Media, Telecommunications and Entertainment Conference, with Regal Entertainment Group, AMC Entertainment, National Amusements and Carmike Cinemas trudging out top executives.

One big theme for exhibitors was the need to "continuously improve the experience" of seeing movies away from home. Tony Reed, senior vp, said Carmike's recently started rollout of digital cinema should allow the firm to get more art house and limited release fare, for which prints have so far been too expensive, into its theaters.

Among alternative content Carmike is looking at bringing to its screens and locations are concerts, evangelists and other religious programming, wrestling, gaming content, NASCAR and other sports, as well as comedy.

Popular posts from this blog

Shared Infrastructure Leads Cloud Expansion

The global cloud computing market is undergoing new significant growth, driven by the rapid adoption of artificial intelligence (AI) and the demand for flexible, scalable infrastructure. The recent market study by International Data Corporation (IDC) provides compelling evidence of this transformation, highlighting the accelerating growth in cloud infrastructure spending and the pivotal role of AI in shaping the industry's future trajectory. Shared Infrastructure Market Development The study reveals a 36.9 percent year-over-year worldwide increase in spending on compute and storage infrastructure products for cloud deployments in the first quarter of 2024, reaching $33 billion. This growth substantially outpaced non-cloud infrastructure spending, which saw a modest 5.7 percent increase to $13.9 billion during the same period. The surge in cloud infrastructure spending was partially fueled by an 11.4 percent growth in unit demand, influenced by higher average selling prices, primari