Wondering about the above picture? That’s no less than ten (10!) different ticketing machines in the lobby of a cinema in Beijing. Online ticketing has exploded in China along with the growth of multiplexes, Imax screens and attendance. But it is not what you are used to in the West with one or at most two operators in addition to the cinema handling online ticketing. Different prices and different service levels means that there is a lot of competition in this field, which is only set to grow.
According to Art Consulting released data show that in 2013 Chinese film market grossed 21.7 billion yuan [USD $3.5 billion], the total volume of transactions reached buy movie tickets online 3.64 billion yuan [USD $562 million], accounting for 16.8%; market size of online movie ticket seat selection broke through the 1.2 billion yuan [USD $195 million], accounting for 5.5% of the overall size of the market. 2013 National viewing trips 620 million, of which up to 129 million people online ticketing, accounting for 21%. At the same time, the country has opened online seat selection feature close to 30% of the national cinema theater data.
Insiders predict that the next three years, the national online movie ticket in the domestic share of total box office or over 50%. U.S. group net Xu Wu, director of the opal film products more optimistic data from May this year it seems, online ticket market share has more than 30%, with a few important files and the second half of the summer schedule of the national archives, Lunar New Year stalls, etc. heat the film to enhance the overall market is expected by the end of this year, the national online ticket market share will exceed 50%. “This is an explosive growth in the market, cat’s-eye movies formally launched in January 2013, the sales volume in May this year compared to last year has increased by nearly five times.” Xu Wu said. LINK
Online ticketing brings convenience such as seat selection and for films such as ‘Transformers 4′ the rate of online tickets sales was a high 40%. Perhaps more interestingly, the avrage ticket price of tickets sold online56 yuan, compared to average national ticket price of 20 yuan, highlighting the domination of sales in multiplexes and Imax/CGF PLF screens in Tier 1 & 2 cities. While online tickets also offers operators the chance to gather data on customers there are fears in the industry of a new round of price wars. Those ticket machines aren’t just fighting for floor space.
USA (CA) - Fresh news that Dalian Wanda, the parent company of US exhibitor AMC, is planning to build a HQ on 9900 Wilshire Boulevard in Beverly Hills. The company has already donated USD $20 million to the AMPAS (Oscar) Museum.
Dalian Wanda Group, which controls the second-largest US cinema chain, won the bid for a piece of land in Los Angeles as the Chinese company sets its sights on Hollywood.
Wanda, the Chinese developer controlled by billionaire Wang Jianlin, plans to invest US$1.2 billion (RM3.85 billion) after beating more than 10 bidders for the 32,000 sq m plot in Beverly Hills, the company said in a statement on its website.
Wanda plans to set up an office in the city and help China’s entry into Hollywood’s film industry, it said. LINK