Category Archives: Daily News Roundup

Daily Cinema Digest – Friday 27 February 2015

NCM logo

US advertising major National CineMedia has published its quarterly and full year results. Q4 was up slightly but the year as a whole was down, in line with box office.

Total revenue for the fourth quarter of 2014 increased 0.3% to $123.1 million from $122.7 million for the comparable quarter last year. Excluding revenue from the Fathom Events division that was sold in December 2013, advertising revenue increased 13.9% from $108.1 million for the fourth quarter of 2013. Adjusted OIBDA excluding Fathom Events increased 22.3% to $72.5 million from $59.3 million for the fourth quarter of 2013. Net income for the fourth quarter of 2014 was $8.1 million, or $0.14 per diluted share compared to net income of $19.0 million, or $0.32 per diluted share for the fourth quarter of 2013. Excluding $3.8 million in pre-tax costs associated with the proposed merger with Screenvision in the fourth quarter of 2014, the impact of the Fathom business on the fourth quarter of 2013 and 2014 and non-cash impairment charges in 2013, net income for the fourth quarter of 2014 would have decreased to $0.18 per diluted share, compared to $0.19 per diluted share, for the fourth quarter of 2013.   LINK

Vista Murray

Ticketing software major Vista Group saw sales grow 55% on the strength of major deals in China and the United States, while profits shrank less than forecast.

Net profit fell to $3.99 million, or 5.9 cents per share, in calendar 2014, from $5.71 million, or 9.76 cents a year earlier, beating its July prospectus forecast for $3.44 million, the Auckland-based company said in a statement. Revenue rose to $47.2 million from $30.5 million a year earlier, and ahead of the expected $45.2 million.

“It’s a really good solid performance from our Vista Entertainment Solutions,” chief executive Murray Holdaway said. “There were questions about whether we could grow that business and we’ve shown we could grow it.”  LINK

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China Cinema Digest – Thursday 26 February 2015

China Daddy Trip

The box office over Chinese New Year (CNY), traditionally always strong and devoted to domestic blockbusters, was up significantly this year to 350 million yuan (USD $56 million). The reason is attributed to the growth in the number of screens, which is set to cross 25,000 by early March.

Single-day box office close to 350 million yuan of the strongest in the history of blowout

According to the country’s major mainstream cinema to rough statistics, as of 24 o’clock last night, National City theater box office on February 19 of about 330 million yuan; not enough time plus part of the statistics reported missing at the box office and is expected to eventually accessible 350 million Yuan. The current average fare of less than 40 yuan Chinese cinema, which means the country on February 19, about 10 million people into the theater viewing. Day become the country’s largest cultural consumption events. At present, the Chinese New Year holiday is only just beginning; the law in recent years from a historical point of view, last week will be the peak viewing audience and box office visits will be started almost the same output, the seventh day before the expected total audience Visitors reach sixty-seven million.

After the seventh day, as some people go to work, there are some cities in the return of the road, the market heat will be reduced, but the Chinese New Year holiday to go to the fifteenth day after will be completely finished. So even after the seventh day trips Pujiang half the audience, to the fifteenth day before there would have been two or three million, add up to a hundred million.  LINK

Chinese New Year cinema

CNY is like a combination of Thanksgiving and Christmas, so it is an opportunity for families to spend time together – in silence in the cinema. Micro-channels providers were quick to offer impossibly cheap cinema ticket deals.

Tencent also launched “Please watch the movie universe” campaign, users can spend 188 yuan to buy a movie ticket prices, which contains 12 movie coupon, then like red envelopes will generally share this package to my circle of friends, or micro-channel group inside. Baidu also launched the “stand by 20 yuan,” online discount. After the user through the phone Baidu search for “movie tickets”, you will go directly to the page and the next one after purchase, minus $ 10, if paid in Baidu wallet, you can minus 10 yuan.

“Micro-channel supplier of low-fare passenger seemingly led the theater, but also to a certain extent, to mislead the consumer.” Hangzhou Golden Elephant cinema Weng Liping, general manager, told reporters that the general movie tickets cost 25 yuan to 35 between the yuan, too low prices make consumers think that the normal fare but became unreasonable.

Weng Liping believes that the Internet cheap tickets compress the cinema’s own space operations in the face of these ridiculously low fares, cinema launch membership immediately lost its appeal, is not conducive to get sticky customers.  LINK

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Daily Cinema Digest – Wednesday 25 February 2015

Box office 2015

Cinemas in North America are on track for a record year, with share prices of the major exhibitors already reflecting this box office optimism.

Analysts expect that box-office revenue this year in the United States and Canada will soar past $11.5 billion, outpacing the record $10.9 billion set in 2013, when blockbusters such as “Frozen” and the second “Hunger Games” movie debuted. And theaters already are performing more than 10 percent better than they were at this time last year, when films such as “The Lego Movie” became surprise hits.

The splashy start has pushed shareholders to invest in some of the country’s biggest theater chains: This year, AMC Entertainment‘s stock is up 24 percent, Carmike Cinemas is up 18 percent, Cinemark is up 17 percent and Regal Entertainment Group is up 11 percent.  LINK

BTBF

Having previously tested the waters with “War Horse” in 4K, Sony has now partnered London’s National Theatre to beam four NT Live stage shows over the next 12 months in 4K. (Sadly for Cumberbatch fans, his “Hamlet” from the Barbican will only be in 2K.)

The initiative between Sony Digital Cinema, National Theatre Live and cinema chain Vue Entertainment International will kick off with the NT’s production of David Hare’s Behind the Beautiful Forevers, based on the book by Katherine Boo, directed by Rufus Norris and starring Meera Syal.

During the 12-month agreement, Vue customers at 83 sites across the country will exclusively be able to enjoy the productions projected in 4K – the highest quality currently possible with commercial digital cinema projection.  LINK

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Daily Cinema Digest – Monday 23 February 2015

Imax

Imax’s quarterly earnings were down slightly, but ahead of Wall Street’s expectations. The company said that it is focusing on international expansion and expects to cross 1,000 screens this year.

IMAX Corporation signaled that international markets will be an ongoing focus in the years ahead as it announced fourth-quarter earnings on Thursday.

The Canadian company reported fourth quarter revenues of $102.4 million, down from $105 million during the same period in 2013.

Net income also took a dip in 2014, with the company reporting $22.5 million for the year compared to $27.8 million in 2013, while full-year 2014 revenues were $290.5 million compared to $287.9 million the year before.  LINK

American sniper

A troubling finding about Americans’ attitudes to movies in the cinema and at home, based on a CBS poll. The good news is that the younger demographic leans more towards cinema than the older, though only slightly.

2014 marked the lowest box office take for Hollywood in nearly two decades — a fact borne out by a recent CBS News poll, in which Americans, by a wide majority, say they watch more movies at home than at the theatre.

According to the poll, 84 percent of Americans say they watch more movies on a small screen at home, while just 4 percent say they watch more movies on a big screen at the theater. Ten percent say they watch about the same amount equally.

In fact, Americans say they prefer the small screen. A majority of 57 percent find watching a movie on a small screen at home to be more enjoyable, while just 36 percent say they prefer taking in a big-screen experience.  LINK

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Daily Cinema Digest – Friday 20 February 2015

Cineworld didsbury

Cineworld has been fined a total of £9,500 and ordered to pay £2,573 costs after two of its staff were given potentially fatal electric shocks by a faulty popcorn machine. Defending Cineworld Kathryn Turner said the exhibitor “has an exemplary record with no previous convictions.” Technically true, but the same Cineworld site had a cockroach infestation in 2014 and staff were allegedly told to hush up the issue.

Staff at Cineworld in East Didsbury failed to prevent a second worker suffering a potentially lethal shock by switching off the wrong machine, a court heard.

The cinema chain has now been convicted of a breach of health and safety laws for the first time in its history after the incident on December 4, 2013.

The machine, which keeps popcorn warm, was being switched on by a member of staff working at the theatre at Parrs Wood shortly after 11am when he suffered a shock.  LINK

PVR Sathyam deal called off

India – So far only a rumour but money control.com claims that the PVR-Sathyam deal may be off.

One of the largest M&A deals in the multiplex space has been called off. Sources say PVR ‘s ambitious plans to buy Chennai-based Sathyam Cinemas has been shelved.

PVR was supposed to buy Sathyam for Rs 1200 crore. According to sources, the deal got called off due to concerns over valuation.

Sources also add that Cinepolis Group is now likely to buyout Sathyam Cinemas. Cinepolis Group recent bought Fun Cinemas.  LINK

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Daily Cinema Digest – Wednesday 17 February 2015

AMC Wanda logo

AMC has published its 2014 Q4 and year-end figures and though admissions and ticket sales were down, F&B revenue was up as the exhibitor continues to focus on the “guest experience.”

Highlights for the fourth quarter 2014 include the following:

  • Total revenues were $712.2 million compared to total revenues of $713.0 million for the three months ended December 31, 2013.
  • Admissions revenues were $460.3 million compared to $482.1 million for the same period a year ago. Average ticket price was $9.54 compared to $9.57 for the same period a year ago.
  • Food and beverage revenues were $215.3 million, compared to $197.9 million for the quarter ended December 31, 2013. Food and beverage revenues per patron increased 13.5% to $4.46, representing the highest in the history of the Company.
  • Earnings from continuing operations and diluted earnings per share from continuing operations were $29.8 million and $0.30, respectively, compared to $282.6 million and $3.62, respectively, for the three months ended December 31, 2013.  LINK

Light Cinema under water

UK – Up-amd-coming coming UK exhibitor The Light Cinemas has secured GBP £5.2 million in new funding from Connection Capital to further expand.

The investment from Connection Capital was supported by £4.5m of funding from Santander.

The investment will be used to acquire a nine-screen multiplex cinema in the centre of Cambridge from Cineworld.

It will also fund the roll-out of further sites across the UK – Bolton, Sheffield, Thetford (Norfolk), Dundee, Stockport and Walsall – all of which are secured under a signed agreement for lease.  LINK

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Daily Cinema Digest – Monday 16 February 2015

Cineworld 50 Shades

Women attending the opening night screening of “Fifty Shades of Grey” at Cineworld in Glasgow’s Renfrew Street had their bags opened and searched as they were waiting to enter. It is not known what the staff were looking for.

Cineworld have yet to comment on the searches, but their terms of entry on their website state that: “Cineworld reserves the right to search a customer’s possessions whilst on the premises for any item which a staff member believes may contravene these terms and conditions. Customers must consent to being searched for any item which a staff member believes may contravene these terms and conditions. Cineworld reserves the right to refuse entry or require a customer to leave without entitlement to a refund if consent is not given.”  LINK

50 shades Glasgow

Maybe they were looking for sharp glass that rowdy and drunk women could do serious damage with, as was the case in this cinema also in Glasgow. There were also drunk women throwing up in the isles of the cinema.

Three women were arrested after a man was attacked at a screening of Fifty Shades of Grey on Valentine’s Day.

It’s understood the victim was glassed when he asked a group of rowdy women to keep quiet.

Witnesses said cinema staff had to wipe blood off the seats before the next screening of the sexy film, starring Jamie Dornan.  LINK

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Daily Cinema Digest – Friday 13 February 2014

regal-entertainment1

Regal has announced its 2014 Q4 figures, which are up, up, up in all departments, on the back of an improved film slate. Reason enough for it not to want to sell itself any longer. Dividend was also announced.

Total revenues for the fourth quarter ended January 1, 2015 were $799.1 million compared to total revenues of $739.9 million for the fourth quarter ended December 26, 2013. Net income attributable to controlling interest was $46.3 million in the fourth quarter of 2014 compared to $24.0 million in the fourth quarter of 2013. Diluted earnings per share was $0.30 for the fourth quarter of 2014 compared to $0.15 during the fourth quarter of 2013. Adjusted diluted earnings per share (1) was $0.30 for the fourth quarter of 2014 compared to $0.17 during the fourth quarter of 2013. Adjusted EBITDA (3) was $163.5 million for the fourth quarter of 2014 compared to $125.8 million for the fourth quarter of 2013. Results for the fourth fiscal quarter of 2014 and for fiscal 2014 were significantly and positively impacted by the timing of our fiscal calendar which consisted of a 14 week period in the fourth quarter of 2014 compared to a 13 week period in the fourth quarter of 2013 and a 53 week period in 2014 compared to a 52 week period in 2013. The additional week was the week between Christmas and New Year’s Day, a traditionally high attendance week for the company and the industry. Reconciliations of non-GAAP financial measures are provided in the financial schedules accompanying this press release. LINK

Lotte Popcorn

South Korea – Popcorn profeteering and misleading film start times (actually advertising block) has become a civic cause in South Korea.

South Korean civic groups and the Democratic Youth Federation and the promotion of the Law Society was held in front of the 9pm news conference, said Lotte Cinema, South Korea Studios CGV, Lotte Cinema and theater in general MEGABOX the existence of “popcorn profiteering” and “mandatory advertising,” and a series of injustice, against the interests of consumers. According to the Korea Association of consumer groups last year statistics, the results of the three big companies sell snacks original show that vat of popcorn sells for 5000 yuan (about 29 yuan), but the raw material price is only 613 yuan, the price of the raw material actually 8.2 times the price. One consumer said, can not help but read more than 20 minutes of advertising, movie tickets in actually also includes the cost of 3D glasses, himself unknowingly become “taken for a ride.”  LINK

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China Cinema Digest – Thursday 12 February 2015

China digital cinema satellite

China’s State Administration of Press, Publication, Radio, Film and Television’s (SAPPRFT) Digital Program Management Centre has inaugurated a test NOC for the satellite distribution of DCP copies of films. It is not clear which cinema are participating in this, but it’s one to monitor.

The platform now has 90Mbs ~ 120Mbs sent per second speed, which can be transmitted nearly 10,000 theater 400 films annually. Start platform replaces the traditional hard mail, movie digital copy within eight hours after the service platform can be transferred to the theater, greatly improving the film transmission speed, ensure the film’s nationwide simultaneous release. Satellite transmission uses a multipoint broadcast mode, with the increase in the number receiving theater, film distribution costs will be further reduced and ultimately may be able to provide more opportunities for outstanding movie theater screen board, so the theater with the audience more viewing choices, promote development and prosperity of the movie industry.  LINK

China cinema Wanda

Lots of juicy cinema statistics from Win Business Network, ranking cinema operators and cities in China, with Wanda ahead but finding it difficult to keep up the momentum.

Core Tip: from the theater suggests that, in order to develop the industry benchmark Wanda 7 above the main multiplex cinema, theater and other core cinema hall in 4-6 dominant. Taking into account the number of people viewing a single screening decreased year by year, other core cinema hall may need to consider increasing the number of (screen number) in order to increase the theater box office.

2015, Tencent Finance jointly launched nine square big data “Chinese hot industry rankings” series, this series will become the benchmark single-ranking Chinese industry and investment field in 2015.  LINK

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Daily Cinema Digest – Wednesday 10 February 2015

Ticketsoft

Vista Group has agreed to acquire Texas-based ticketing firm Ticketsoft on undisclosed terms. Last year the company acquired a stake in MACCS International and had a successful IPO, with share price currently up 67%.

Terms of the agreement are confidential and subject to commercially sensitive conditions that the vendor is confident it can meet, Auckland-based Vista said in a statement. Buying Ticketsoft will enable the company’s Vista Entertainment Solutions unit “to grow its US client base through the provision of a broader software offering to Ticketsoft customers,” it said.

Ticketsoft’s software covers point of sale, self-service kiosks, internet and mobile ticketing, gift and customer loyalty cards, head office systems and real time management and analysis, Vista said.  LINK

Fifty Shades

USA – Proving that the biggest of screen can accommodate the most, erhm, intimate of dramas, Imax will be playing “Fifty Shades of Grey” in 75 properties across North America.

Imax Entertainment CEO Greg Foster made the announcement Monday at the Stifel Technology, Internet and Media Conference. He indicated that taking on “Fifty Shades” reflects Imax’s effort to expand its offerings beyond franchise tentpoles: Currently eight titles account for two-thirds of Imax’s annual box office revenues.

Universal-Focus’ “Fifty Shades of Grey” has been strong in early tracking, with projections for as much as $60 million for its Friday-Monday launch. The R-rated “Fifty Shades” appears to be heading toward significant profitability given the $40 million pricetag for the adaptation of E.L. James’ sex-saturated bestseller.  LINK

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