Leading Indian multiplex operator PVR Cinemas has completed its acquisition of a 71.69% stake in SPI Cinemas, a chain of 17 cinemas and 76 screens in South India.
CGV has set up a joint venture with a Russian real estate developer to operate 33 cinemas with 160 screens in Moscow - now under development. With this deal, CGV is one step closer to its ambitious target of 10,000 screens by 2020.
CJ CGV, the largest cinema operator by screens in South Korea, plans to invest $200 million to expand its presence in Vietnam over the next four years. CJ CGV plans to boost its cinema numbers by opening 12 to 15 new locations per year until 2020, and will expand its network of locations to remote areas across the country.
The total number of screens under the wider 4D and immersive motion seating banner increased by 55% in full year 2015 to reach 679, according to IHS data, representing a new record for net annual screens with 243 deployed worldwide.
The number of RGB laser projector units installed picked up pace in early 2016 with a total of 178 screens at Q1 2016, marking a more than doubling from 84 units at end 2015 and a further jump from the 24 units installed one year prior.
There has been a surge in the number of giant movie theatre circuits operating over 1,000 screens. The sharp rise in the number of giant circuits is indicative of both recent activity in the acquisition and merger field but also the result of organic growth of circuits through new build construction in China.
Global box office (BO) revenue hit a new all-time high of $36.3 billion in 2014. The key driving forces were the continued growth of China and other emerging box office markets alongside ticket price inflation, according to IHS's in-depth annual review of over 70 international cinema exhibition markets.
Over one third of cinema screens worldwide fall into the larger multiplex category of cinemas with nine to 15 screens, the most popular grouping by number of screens, according to new research from IHS analysing data from 110,000 screens globally.
Premium large format screens are now a core part of exhibitors’ strategy to reinvigorate the cinema experience and drive admissions towards higher priced tickets. This report examines the market for premium large format (PLF) cinema including a detailed analysis of new brands, screens and revenue generated.