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
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