![]() “There’s something to be said about the collective moviegoing experience,” Weegee DeMarsh said. In spite of competition from services such as Netflix, theaters are sought-after anchors for shopping centers such as Lee Vista Promenade, the site of the Orlando Epic.Įpic and other private chains don’t disclose their earnings, but shares of public chains including Regal Entertainment Group, the largest with about 570 locations, and AMC Theatres, which will surpass Regal when it completes its acquisition of Europe’s Odeon & UCI Cinemas Group and Georgia-based Carmike Cinemas, are performing better than the Dow Jones Industrial Average. Epic Theatres at Lee Vista Epic Theatres now offers private screenings starting at 125 for up to 20 people Comment below with a film you would like to. That willingness translated into $11.1 billion in box-office gross revenue last year, up from $10.4 billion in 2014, according to the Motion Picture Association of America. “There seems to be no shortage of people who are willing to pay a premium to get a premium experience,” Dergarabedian said. AMC and Regal have their own large-screen formats. Tickets cost $20.Īt Epic’s Orlando, Deltona and Jacksonville locations, theaters with larger screens - up to 69 feet wide - fetch a higher price, as do 3-D movies almost everywhere. The nonprofit, alternative Enzian Theater in Maitland, for example, has a summer opera and ballet series filmed in high definition. Although Hollywood films continue to bring in most of the customers, the bells and whistles keep them coming back, said Paul Dergarabedian, senior media analyst for comScore, a Los Angeles company. The switch to digital has allowed theaters to offer concerts, opera and dance performances in addition to movies, said Patrick Corcoran, vice president at the National Association of Theatre Owners. Last year, Cinemark Artegon Marketplace spent $3 million to renovate its theater, including replacing traditional seating with oversize “luxury loungers.” Cobb Theatres in downtown Orlando touts its plush seats, digital surround sound and a full menu, including beer and wine. “Almost as soon as we get one built, the next big thing is out,” Weegee DeMarsh said. Sticky floors and second-run movies won’t cut it anymore as a business model. But in 20 years, the number has fallen from 7,215, National Association of Theatre Owners statistics show.Īlthough Hollywood films continue to bring in most of the customers, the bells and whistles keep them coming back, said Paul Dergarabedian, senior media analyst for comScore, a Los Angeles company that measures consumer behavior. Nationwide, there were 5,484 indoor movie theaters in 2015, up slightly from the year before, when there were 5,463. Land and development costs are about $10 million per theater, depending on location, with another $2 million to $3 million for the interior, said Weegee DeMarsh, 35, Frank DeMarsh’s son and technical manager for Epic. One more is scheduled to be announced soon. The Mount Dora and Titusville locations are expected to be ready in 2017. Augustine, Hendersonville, N.C., and DeLand - its previous corporate headquarters. The company also owns theaters in Deltona, Clermont, Palm Coast, St.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |