|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The US movie theatre suffered declines in sales over the past few years as decreasing income levels together with higher gasoline and movie ticket prices resulted in a drop for the market. In addition, people started moving toward less expensive forms of entertainment such as Netflix streaming, video games and other digital media.
1.3 billion tickets were sold in 2011 which is 3% less than in 2010. According to MPAA, 3D movies saw over 15% decline in box office sales in 2011, while regular 2D movies declined by only 4%. This was a result of low consumer confidence and fears over a double-dip recession, which forced movie goers to cut back on leisure spending and thus opt for cheaper 2D films.
The US movie theatre market includes approximately 2,000 companies that operate around 5,000 indoor theatres and 300 drive-ins with combined annual revenue of an estimated $12 billion.
The number of local companies declined by 3% since 2006. Medium-sized enterprises saw the highest decrease and declined by 21% during the review period. Large companies, on the other hand, increased by 31% since 2006. Therefore, the industry is dominated by large service providers, which accounted for 79% of total turnover in 2012.
Major companies include AMC Entertainment, Cinemark, and Regal Entertainment. The industry is highly concentrated: the 50 largest companies generate about 85 percent of industry revenue.
Most movie theatres offer a wide variety of subsidiary revenue generators, generally in the form of food and drink in the foyer or lobby before entering the theatre. For those movie theatres that cater to the dinner crowd food becomes a major source of revenue.
Ticket admissions account for almost 70% of industry revenue, while food and beverage sales account for more than 20%.
For more information on the US movie theatre market, see the latest research: US Movie Theatre Market
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during January. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.