With movie admissions in the US at a ten-year low, we take a closer look at how technology is transforming the way we consume Box Office content, from the Big Screen to the Small Screen in our pockets, explore how Netflix is changing the game with multi-million dollar film productions, and consider the impact of Apple’s upcoming streaming service on the sector…
THE BOX OFFICE
Whilst, on the surface, it may appear as though consumers are spending less time and money at their local movie theatres, the American film industry generated $32 billion in revenue last year, increasing around 2 percent year on year. According to research firm IBISWorld, the industry has “grown sluggishly in recent years and movie theater growth has increasingly come from ancillary concessions,” although demand is expected to pick up in the coming years as major studios such as The Walt Disney Company, NBCUniversal Media LLC, AT&T Inc, Sony Corporation, and Viacom Inc announce major new titles and revive iconic old IP brands.
Indeed, 2019 looks set to be a significant year in the world of film, with titles such as Captain Marvel, Avengers: Endgame, Aladdin, Toy Story 4, Dumbo, Spider-Man: Far From Home, Star Wars: Episode IX, It: Chapter Two, Cats, The Lion King, Frozen 2, Men in Black: International, POKÉMON Detective Pikachu, Joker 2019, and Fast & Furious Presents: Hobbs & Shaw. Indeed, between them, these titles are expected to shift billions of tickets around the world, not only adding to Box Office coffers but spawning new merchandising opportunities that take the titles to new heights. Disney, for example, has already announced plans to open attractions like A Lion King Celebration and Star Wars: Galaxy’s Edge at its Parks, signaling a change in the industry from tickets to addons, merch, and experiences as consumers strengthen relationships with their favorite movie characters.
Esta historia es de la edición March 2, 2019 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 2, 2019 de Techlife News.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
7 CHINA BANS EXPORTS TO US OF GALLIUM, GERMANIUM, ANTIMONY IN RESPONSE TO CHIP SANCTIONS
China announced this week it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S. limits on semiconductor-related exports.
FINANCIAL AND COMMUNITY HURDLES SLOW GEOTHERMAL ENERGY DEVELOPMENT IN SOUTHEAST ASIA
Providing round-the-clock energy, using minimal space and considered a clean source of power-geothermal energy seems like an ideal option for countries like Indonesia and the Philippines, where the potential is high, and governments are seeking to transition away from highly polluting fossil fuels.
CANADIAN NEWS PUBLISHERS SUE OPENAI OVER ALLEGED COPYRIGHT INFRINGEMENT
A coalition of Canadian news publishers, including The Canadian Press, Torstar, Globe and Mail, Postmedia and CBC/Radio-Canada, has filed a lawsuit against OpenAI for using news content to train its ChatGPT generative artificial intelligence system.
AUSTRALIA IS BANNING SOCIAL MEDIA FOR PEOPLE UNDER 16. COULD THIS WORK ELSEWHERE - OR EVEN THERE?
It is an ambitious social experiment of our moment in history — one that experts say could accomplish something that parents, schools and other governments have attempted with varying degrees of success: keeping kids off social media until they turn 16.
BANK OF AMERICA SIGNS AGAIN WITH FIFA FOR US-HOSTED CLUB WORLD CUP THAT STILL HAS NO TV DEALS
World Cup sponsor Bank of America teamed with FIFA for a second time, signing for the Club World Cup that still has no broadcast deals just over six months before games start.
AT&T SEES EARNINGS GROWTH OVER NEXT 3 YEARS; EYES MORE THAN $40B IN ANTICIPATED SHAREHOLDER RETURNS
AT&T anticipates earnings growth over the next three years thanks to the momentum of 5G and fiber services.
IN A WORLD OF GREAT NEED THERE ARE MORE WAYS TO DONATE MONEY THAN EVER.HOW SHOULD YOU GIVE?
Millions displaced by global conflicts. Communities reeling from unseasonably strong natural disasters. Lives upended due to healthcare inequalities.
US EXPANDS LIST OF CHINESE TECHNOLOGY COMPANIES UNDER EXPORT CONTROLS
The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software.
INTEL CEO GELSINGER RETIRES; ZINSNER AND JOHNSTON HOLTHAUS NAMED INTERIM CO-CEOS
Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement.
LANDLORDS ARE USING AI TO RAISE RENTS.AND CALIFORNIA CITIES ARE LEADING THE PUSHBACK
If you've hunted for apartments recently and felt like all the rents were equally high, you're not crazy: Many landlords now use a single company's software - which uses an algorithm based on proprietary lease information ― to help set rent prices.