Industry Analysis & Industry Trends
The Cinema industry is in a state of flux. Cinema operators face intense competition from other sources of entertainment, such as video streaming services, and from internet film piracy. Over the past five years, increases in household discretionary income and expenditure on recreation and culture have helped offset competition from internet downloads. Industry firms have upgraded projectors and sound systems to digital and 3D, and responded to intense competition through diversification and product innovation. For example, major players have focused on offering a premium cinema experience, boosting average ticket prices. Industry revenue is forecast to grow at an annualised 0.8% over the five years through 2015-16, to reach $1.7 billion. This includes projected growth of 2.3%... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration measures the extent to which the top four players dominate an industry. The top four operators in the Cinemas industry are estimated to account for just under 70.0% of industry revenue in 2015-16. This concentration level has increased in the past five years as the industry's three largest players have expanded through new cinema sites, additional screens and growth in food and beverage revenue. However, demand remains strong for independent cinemas, while rural and regional areas are constrained by geographic influences and continue to account for a large proportion of industry revenue.
The medium concentration level largely stems from significant vertical integration within the industry... purchase to read more