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published:
31-Mar-08
territories:
India
categories:
Strategy change, Merger/takeover/investment deal
Indian major builds up US cinema circuit
Indian media group Reliance is to launch a cinema circuit in the US focusing on Indian films and consumers, following a series of acquisitions of US cinemas in the past few months. Reliance's US circuit will operate under the brand Big Cinemas, in line with Indian rebranding, but is keen for the circuit to be seen as a US venture, rather than an overseas extension of Indian interests. The circuit currently has 250 screens in 28 locations, including New York and Los Angeles, although further acquisitions are planned.
The strategy involves buying long-term leases on lesser quality sites, where Reliance is spending money on improving infrastructure, such as sound systems and air conditioning. Cinemas will be run by Phoenix Theatres, in which Reliance has also taken a stake.
Our take...
Most interesting in all this is the focus on Bollywood and other Indian films, as well other Asian content, and sites have been acquired near Indian and Asian population centres. So far, digital cinema is not on the immediate agenda but Reliance is looking to switch when timing is appropriate. Reliance is the largest Indian media group, and is the company behind Adlabs, which, among other things, is rolling out digital cinema across India. Its Indian circuit is 150 screens strong. Recently, financier George Soros took a three per cent stake in Reliance.
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Analyst, market intelligence & notices
Reports
(1) 1-1 showing
The Business Case for Digital 3D Cinema Exhibition
This report is the first major analysis of this rapidly growing sector. It includes 5 year forecasts for digital 3D cinema screens by major territory, exhibitor business models as well as analysis of potential revenues and profit margins for the industry
published:
20-Jun-07
territories:
Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Russian Federation, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, UK, UAE, USA, Singapore, Thailand, Taiwan, Turkey
David Hancock
Charlotte Jones
Articles
Digital cinema poised on the cusp
It is on the verge of becoming mainstream in the US but development in Europe and Asia is lagging. At the end of 2007, there were 6,456 d-screens worldwide. A rise of 115 per cent over 2006 and 6.5 per cent of the world's modern screens. Of these 4,650 were in the USA.
published:
17-Jun-08
territories:
Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Russian Federation, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, UK, USA, Venezuela - Asia-Pacific, South and Central America, Central and Eastern Europe, Europe, European Union, North America, Regional Totals, Western Europe
David Hancock
Charlotte Jones
Local markets for indigenous films
Ten film markets recorded box office revenue of more than $100m for local films
published:
15-May-08
territories:
Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hong Kong, Hungary, Iceland, India, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Malaysia, Mexico, Netherlands, Norway, Poland, Portugal, Romania, Russian Federation, Singapore, Spain, Sweden, Switzerland, Turkey, UK - World
Charlotte Jones
Steady growth in large screens
A record number of large format cinema screen openings is expected in 2008, with 3D a key element
published:
22-Feb-08
territories:
Canada, China, France, India, Japan, Korea. Rep [S], Mexico, Spain, UK, USA - Asia-Pacific, South and Central America, Central and Eastern Europe, Africa and Middle East, North America, Western Europe
Charlotte Jones
Record global cinema box office
Continuing shift in balance of world cinema business
published:
22-Oct-07
territories:
Algeria, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Morocco, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Serbia & Montenegro, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UAE, Ukraine, UK, Uruguay, USA, Venezuela, Bolivia - Asia-Pacific, South and Central America, Central and Eastern Europe, Europe, North America, Western Europe
Charlotte Jones
Film production and distribution
Steady growth continues in world film production, as Russia becomes Europe's second largest producing country, after France, India replaces the EU as the largest producing region and average US budgets exceed $30m. World film production hit 4,858 feature films in 2006-a steady 4.6 per cent increase and the most recent high for world feature output. The increase was led by volume from Asia, particularly the Far East, where 2,481 feature films were produced, the highest total in that region since 1990. Growth was led by China, Japan and India.
published:
19-Jul-07
territories:
Argentina, Australia, Austria, Belgium, Bolivia, Bosnia-Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Croatia, Cuba, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Japan, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Morocco, Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Puerto Rico, Romania, Russian Federation, Serbia & Montenegro, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, UAE, Ukraine, UK, USA, Venezuela - South and Central America, Central and Eastern Europe, Europe, Africa and Middle East, North America, Western Europe
David Hancock
Charlotte Jones
Movie piracy in Asia-Pacific
Most countries in the region are stepping up efforts to fight the theft of intellectual property, although the reputation of such states as China and Malaysia as hotbeds of piracy remains
published:
12-Jun-07
territories:
Australia, China, Hong Kong, India, Indonesia, Japan, Korea. Rep [S], Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand - Asia-Pacific
David Scott
Strong year for domestic films
Local films accounted for a third of box office revenue worldwide last year
published:
15-May-07
territories:
Argentina, Australia, Austria, Belgium, Brazil, Canada, China, Colombia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Malaysia, Mexico, Netherlands, Norway, Philippines, Poland, Portugal, Romania, Russian Federation, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Taiwan, Thailand, UK, USA - Asia-Pacific, South and Central America, Central and Eastern Europe, Europe, North America, Western Europe, Latin America
Charlotte Jones
Digital cinema up and running
Roll-out is accelerating rapidly in the US, thanks to AccessIT's early installations (with studio support), while Europe seems to be biding its time. The number of commercial d-cinema screens in the world grew by 253 per cent in a year, from 848 to 2,996 at end 2006. This number doubled between the end of the first half 2006 and the end of the year, from 1,474 d-screens to the eventual 2,996. The rate of change has largely been the product of an industrial scale roll-out in the US. AccessIT is driving this progress and has now exceeded 2,000 installations of its 4,000 initial target.
published:
19-Apr-07
territories:
Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, China, Colombia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Russian Federation, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, UK, USA - Asia-Pacific, South and Central America, Central and Eastern Europe, European Union, Africa and Middle East, Regional Totals, Western Europe
David Hancock
Charlotte Jones
India leads the digital way
India has the largest number of e-cinema screens but in a number of countries upgrading is under way
published:
01-Nov-06
territories:
Spain, Sweden, Portugal, Brazil, USA, China, India, Philippines, South Africa, Norway - Europe, North America, Asia-Pacific, Africa and Middle East, South and Central America
Charlotte Jones
Global cinema exhibition trends
Major cinema markets around the world reported a drop at the box office in 2005. The slump has been linked to many factors, including a lack of overtly strong titles, both from Hollywood and indigenous film industries, generally slug...
published:
16-Oct-06
territories:
Algeria, Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Costa Rica, Croatia, Cuba, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Germany, Greece, Guatemala, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Jamaica, Japan, Kenya, Korea. Rep [S], Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Morocco, Netherlands, New Zealand, Norway, Pakistan, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Serbia & Montenegro, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, UAE, Ukraine, UK, Uruguay, USA - Asia-Pacific, South and Central America, Central and Eastern Europe, Africa and Middle East, North America, Regional Totals
David Hancock
Charlotte Jones
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