Movie Theatres Market 2020 Precise Outlook – AMC or Carmike, Regal Entertainment, Cinemark and others.

GLOBAL MOVIE THEATRES MARKET: SIZE, TRENDS AND FORECASTS (2020-2023)

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COMPANIES COVERED (SALES, PRICE, REVENUE, VOLUME, GROSS MARGIN AND MARKET SHARE)-
AMC/Carmike, Regal Entertainment, Cinemark and others.

INDUSTRY NEWS:

Jul 10, 2020: AMC Announces Debt Deal to Keep Theater Chain Afloat

AMC Theatres reached a debt agreement on Friday that could help the heavily leveraged exhibition chain avoid or at least forestall a liquidity crisis. Under the deal, Silver Lake Group will purchase $100 million in first lien notes, adding to the $600 million in convertible bonds that it already holds in AMC. The company, which is the world’s largest theater chain, said in public filings that it will raise $200 million in cash by allowing debt-holders to swap their securities at a discount. As part of the deal, the interest they receive would be either 10% in cash or 12% in additional notes that would be due in 2026.

AMC said renegotiating its debt will help it manage to stay solvent through 2021. The company has been hit hard by coronavirus, which has forced it to shutter its chains, depriving it of income. Even before the pandemic, AMC had amassed a great deal of debt to outfit its theaters with luxury seating, and to buy competitors such as Carmike and Odeon. The company ended 2019 with more than $4.75 billion in corporate borrowings. In June, AMC acknowledged that coronavirus, which forced it to shutter its more than 1,000 theaters, and lay off or furlough 600 employees, could push it into bankruptcy.

Jul 27, 2020: Regal Cinemas Announces August Reopening of U.S. Theaters

Regal Cinemas, the nation’s second largest cinema chain, has announced that it will begin to reopen its U.S. locations on Aug. 21. Regal’s U.K. parent Cineworld made the announcement on Monday afternoon following Warner Bros. disclosure that it will open Christopher Nolan’s sci-fi thriller “Tenet” in international markets on Aug. 26 with a Sept. 3 launch in the U.S.

“Welcoming theatergoers back to our cinemas will be a celebration for not only our team and our industry, but most importantly for the fans who have been anxiously awaiting the year’s upcoming releases,” said Mooky Greidinger, CEO of Cineworld. “With the health and safety of our staff, customers and communities as our top priority, we are happy to invite audiences to return to the timeless theatrical experience that we have all dearly missed.”

Aug 4 2020: Cinemark and Regal have more theaters than AMC and they don’t want to shorten the theatrical window

The CEO of Cinemark, the third-largest cinema chain in the U.S., is willing to have conversations with studios about modifying the theatrical release window, but isn’t keen on the 17-day window deal AMC struck with Universal. Regal, the second-largest movie theater chain in the U.S., said it will not change its policy and will only show movies that respect the traditional theatrical window. Major movie theater chains have been shuttered since mid-March and have been awaiting new Hollywood blockbusters before initiating a reopening.

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EXECUTIVE SUMMARY:

A movie theatre is a place which comprises an auditorium for watching movies. In movie theatres, film is projected with a movie projector on a large projection screen at the front of the auditorium while the songs, dialogue and music are played though a number of speakers. A wide variety of movies are shown at theatres ranging from blockbuster, animated films, and documentaries.

Movie theatres are broadly categorized into four types namely Multiplexes and megaplexes, IMAX, Independent and Second Run and Drive In. A place at a movie theatre where tickets are bought or reserved is known as box office.

The global movie theatre market has grown at a rapid pace in the past few years with the high growth of the global box office market. The global box office market increased at a notable CAGR over span of five years, i.e. 2014-2018 and predictions are that the market would follow the same trend over the forecasted period as well i.e. 2019-2023.

Growth in the market are primarily driven by factors such as: digitization in the media and entertainment space, innovation in the film industry, rising number of frequent moviegoers, investment in new theatre technology and rising consumer spending on box office etc.

WHAT ARE THE MARKET FACTORS THAT ARE EXPLAINED IN THE REPORT?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

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-Analytical Tools: The Global Movie Theatres Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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