Global Movie Theater Market 2017-2021
About Movie Theater
Movie theaters use digital technology to distribute or project motion pictures. They use digital projectors instead of conventional film projectors to project digital movies. Movie theaters are also being used for cinema advertising and promotional activities. The growth of the global movie theater market is mainly driven by the rising demand for high-quality movies.
Technavio’s analysts forecast the global movie theater market to grow at a CAGR of 6.85% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global movie theater market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of movie tickets and the number of screens globally.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Movie Theater Market 2017-2021
Technavio recognizes the following companies as the key players in the global movie theater market: AMC Theatres, Cineplex Entertainment, Regal Entertainment Group.
Other Prominent Vendors in the market are: B&B Theatres, Beta Cineplex Thái Nguyên, Cinemark Theatres, CGV Cinemas, Galaxy Cinemas, Golden Screen Cinemas, Harkins Theatres, INOX Leisure, Landmark Cinemas, Lotte Cinema, Mega GS, Megaplex Theaters, National Amusements, Omniplex Cinemas, Picturehouse, PVR Cinemas, Reel Cinemas, SF Bio, Wave Cinemas, and WE Cinemas.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing integration of production houses globally. The integration of various production houses worldwide is gradually increasing. For instance, a movie that is directed in Los Angeles can use the help of production houses in London and VFX effects teams in China. The production houses in London, UK, are well known for their artistic craftsmanship. This helps movie producers to introduce high-quality effects in their movies and makes movie production economical.”
According to the report, one of the major drivers for this market is rising popularity of the global box office market. The global box office market is gaining more prominence than local or regional box office markets because their films cater to the international audience. Hollywood, which is the largest film industry in the world, generated more than 70% of its revenue in 2016 from the international market. The growing importance of the global box office market is encouraging local box offices to create meaningful movies, which is helping them attract more revenue.
Further, the report states that one of the major factors hindering the growth of this market is movie piracy. Piracy is one of the major threats to the box office market. Pirated copies of almost every movie that is released are available to consumers on the Internet or via pirated DVDs, which can be purchased at a nominal price rather than spending on movie tickets. Piracy severely affects the revenue of the box office and reduces the profit margins for distributors.
AMC Theatres, Cineplex Entertainment, Regal Entertainment Group, B&B Theatres, Beta Cineplex Thái Nguyên, Cinemark Theatres, CGV Cinemas, Galaxy Cinemas, Golden Screen Cinemas, Harkins Theatres, INOX Leisure, Landmark Cinemas, Lotte Cinema, Mega GS, Megaplex Theaters, National Amusements, Omniplex Cinemas, Picturehouse, PVR Cinemas, Reel Cinemas, SF Bio, Wave Cinemas, WE Cinemas.
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