Amsterdam, Netherlands (June 16, 2020) – The AI-powered product has been designed to help planning demand for COVID-19 recovery enabling cinema exhibitors around the world to create annual budget scenarios through an automated, intelligent process.
AI-powered Budgeting will quickly consolidate and analyze your cinema historical data and the impact of social distancing regulations including consumer confidence to predict budget scenarios. Save time and focus on conversations about how your budget will support your business and boost moviegoers confidence. Business value Although Budgeting was conceived as a tool to help in the post Covid-19 reality, it has great potential for the future.
Cinema Exhibitors are increasingly finding it beneficial to generate budgets more often than annually. However, creating a new budget typically requires a significant investment in time and energy. CI Budgeting enables creation of an annual budget, along with periodic forecasts through an automated, intelligent process.
The Budgeting feature lets you create a draft Box Office and attendance budget automatically, with a high degree of confidence from the use of historical data, film releases forecasts and constantly changing market conditions and consumer confidence. It enables you to:
• Understand revenue opportunities for the remainder of 2020
• Forecast impact of film release schedule changes on future revenue
• Model social distancing regulations and their impact
• Run “what-if” scenarios for your budget
CEO Claudiu Tanasescu comments: “I’m very proud of what our team has achieved in a very short period since the Covid-19 pandemic hit. We hope this new product will help cinema exhibitors worldwide. They are facing phased re openings and re-budgeting has almost become a daily chore. With this product we hope to be able to help them now and in the future.”
To help cinema exhibitors with the Covid-19 recovery, Cinema Intelligence will provide the CI Budgeting free of charge until Nov 1st, 2020. In the coming weeks CI will start rolling out the first customers.
About Cinema Intelligence
Cinema Intelligence (CI) is an Artificial Intelligence powered solution for forecasting, distributor negotiation, automated scheduling, and business analysis. Our online business intelligence tools empower cinema exhibitors to make smarter data-driven business decisions. www.cinemaintelligence.com
CI is a company of the Vista Group (NZSX & ASX: VGL). Vista provides software and additional technology solutions across the global film industry sectors of distribution, exhibition, and consumer (moviegoers). Vista Group is the parent to eight businesses in total. https://www.vistagroup.co.nz/