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 Products Chapter
Cinema operators earn income through the screening of films and other complementary services such as selling food and beverages. Over the past five years, cinema operators have concentrated on offering premium services, such as Gold Class and 3D screenings, while expanding their range of food and beverage with the aim of increasing spend per patron.
Box office receipts account for the largest share of industry revenue. Over the past five years, there has been diversification within this segment, with a wider range of cinema types and experiences being offered. Cinema equipment has been updated to digital and the advent of 3D films has been a new experience for cinemagoers... purchase to read more