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.
This story is from the March 2, 2019 edition of Techlife News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 2, 2019 edition of Techlife News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
US Companies See Record-Low Profits in China Amid Geopolitical Tensions and Slow Growth, Report Says - American companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy
American companies in China are seeing record-low profits, with business confidence at an all-time low amid U.S.-China tensions and a slowing Chinese economy, according to a report published Thursday by a U.S. business group.
GOOGLE WINS LEGAL BID TO OVERTURN 1.5 BILLION EURO ANTITRUST FINE IN EU DIGITAL AD CASE
Google won a court challenge this week against a 1.49 billion euro ($1.66 billion) European Union antitrust fine imposed five years ago that targeted its online advertising business.
CONGRESS TARGETS CHINESE INFLUENCE IN HEALTH TECH. IT COULD COME WITH TRADEOFFS
A California biotechnology company that helps doctors detect genetic causes for cancer is among those that could be cut out of the U.S. market over ties to China, underscoring the possible tradeoffs between health innovation and a largely bipartisan push in Congress to counter Beijing's global influence.
FACEBOOK OWNER META BANS RUSSIA STATE MEDIA OUTLETS OVER 'FOREIGN INTERFERENCE'
Meta said it's banning Russia state media organization from its social media platforms, alleging that the outlets used deceptive tactics to amplify Moscow's propaganda. The announcement drew a rebuke from the Kremlin.
TECH BILLIONAIRE RETURNS TO EARTH AFTER FIRST PRIVATE SPACEWALK
A billionaire spacewalker returned to Earth with his crew on Sunday (15), ending a five-day trip that lifted them higher than anyone has traveled since NASA's moonwalkers.
UNITED AIRLINES WILL OFFER FREE INTERNET ON FLIGHTS USING SERVICE FROM ELON MUSK'S SPACEX
United Airlines has struck a deal with Elon Musk's SpaceX to offer satellite-based Starlink WiFi service on flights within the next several years.
GOOGLE'S MILLISECOND AD AUCTIONS ARE THE FOCUS OF A MONOPOLY CLAIM
It happens in milliseconds, ideally, as you browse the web. Networks of computers and software analyze who you are, what you are looking at and buy and sell the advertisements you see on web pages.
LONGSHOREMEN AT KEY US PORTS THREATENING TO STRIKE OVER AUTOMATION AND PAY
Determined to thwart the automating of their jobs, about 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation's cargo from ships.
CALIFORNIA GOVERNOR SIGNS LAWS TO PROTECT ACTORS AGAINST UNAUTHORIZED USE OF AI
California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorized artificial intelligence that could be used to create digital clones of themselves without their consent.
UBER TO DISPATCH WAYMO'S ROBOTAXIS IN AUSTIN AND ATLANTA NEXT YEAR
Ride-hailing leader Uber announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals.
