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Business Standard
17-07-2025
- Business
- Business Standard
US cinemas weigh launching new large screen brand to challenge Imax
Some of the largest US theater chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their big-screen theaters to blunt the growing influence of Imax Corp. within the movie industry and the public, according to people familiar with the matter. The talks so far have focused on setting shared standards for the chains' 'premium large-format' theaters to better compete with Imax's giant screens, said the people, who asked not to be identified because the talks are private. The chains have a number of options, the people said. One is to unite around a new brand name for their premium format. Another would be to keep their premium brands and add an industrywide designation that would act as a stamp of approval for their locations. It's also possible they do nothing and maintain their current ties with Imax. Some chains are alarmed by the growing presence of Imax in Hollywood advertising — including posters in their own lobbies that feature the brand as prominently as movie titles. Imax licenses its technology to theaters and has about 372 US locations — a fraction of the screens nationwide. Yet it consistently generates more than 10 per cent of the box office for blockbusters. Displacing Imax would be a tall order: The company has spent half a century refining its technology and building its brand. It has attracted marquee filmmakers — including Oppenheimer director Christopher Nolan, Dune director Denis Villeneuve and Sinners director Ryan Coogler — to shoot their films using Imax cameras. There could be financial benefits for theaters, including less money going to Imax for licensing its technology, the people said. The chains have also discussed among themselves the possibility of asking studios to help market any new brand they might adopt. Representatives of Cinemark Holdings Inc., Marcus Corp., Regal Cineworld and Imax all declined to comment. AMC Entertainment Holdings Inc., the largest chain and biggest operator of Imax screens in the US, isn't participating in the deliberations, according to the people. Movie theaters have invested in big-screen names of their own that don't use Imax technology. Imax said last quarter its big-screen footprint is double the size of its nearest competitor. Cinemark's company-branded big screens are called XD, while Regal's are dubbed RPX and Marcus' MT-X. They are typically 70 feet wide, or more, and taller than those found at traditional theaters. Some come with premium sound systems and seats that move. They resonate with fans, who will often pay 30 per cent more for seats. Also driving the push for change is the sluggish recovery of the theater industry following the Covid-19 pandemic and labor strife in Hollywood that cut the supply of new films. Ticket sales nationally remain well below the pre-Covid peak. Despite those troubles, Imax is set to score its best year for box-office revenue in 2025 on the back of movie marketing campaigns that carry taglines like 'Filmed For Imax.' Cinema owners who don't have Imax screens have bristled at receiving film posters from major Hollywood studios with taglines such as 'See it in Imax,' the people said. Another source of tension is the deal that Imax struck to release Netflix Inc.'s film based on C.S. Lewis' The Chronicles of Narnia in late 2026, the people said. The Greta Gerwig-directed film will run for two weeks exclusively on Imax screens before being released on the streaming service. Some theater owners are in revolt because Netflix has largely shunned theatrical releases. Its co-Chief Executive Officer Ted Sarandos has criticized theaters as an inefficient distribution model. Speaking at an industry event earlier this year, Regal CEO Eduardo Acuna wouldn't commit to playing the Narnia movie in his theaters even though his circuit operates Imax screens, arguing that two weeks is too short a period to draw a significant number of moviegoers. And earlier this month, Tim Richards, CEO of Vue Entertainment, Europe's largest independent cinema chain, debuted a large-screen format called Epic, in part due to Imax's deal with Netflix.
Mint
17-07-2025
- Business
- Mint
Cinemas Weigh Launching New Large Screen Brand to Challenge Imax
(Bloomberg) -- Some of the largest US theater chains, including Cinemark, Regal and Marcus, have held preliminary talks about jointly marketing their big-screen theaters to blunt the growing influence of Imax Corp. within the movie industry and the public, according to people familiar with the matter. The talks so far have focused on setting shared standards for the chains' 'premium large-format' theaters to better compete with Imax's giant screens, said the people, who asked not to be identified because the talks are private. The chains have a number of options, the people said. One is to unite around a new brand name for their premium format. Another would be to keep their premium brands and add an industrywide designation that would act a stamp of approval for their locations. It's also possible they do nothing and maintain their current ties with Imax. Some chains are alarmed by the growing presence of Imax in Hollywood advertising — including posters in their own lobbies that feature the brand as prominently as movie titles. Imax licenses its technology to theaters and has about 372 US locations — a fraction of the screens nationwide. Yet it consistently generates more than 10% of the box office for blockbusters. Displacing Imax would be a tall order: The company has spent half a century refining its technology and building its brand. It has attracted marquee filmmakers — including Oppenheimer director Christopher Nolan, Dune director Denis Villeneuve and Sinners director Ryan Coogler — to shoot their films using Imax cameras. There could be financial benefits for theaters, including less money going to Imax for licensing its technology, the people said. The chains have also discussed among themselves the possibility of asking studios to help market any new brand they might of Cinemark Holdings Inc., Marcus Corp., Regal Cineworld and Imax all declined to comment. AMC Entertainment Holdings Inc., the largest chain and biggest operator of Imax screens in the US, isn't participating in the deliberations, according to the people. Movie theaters have invested in big-screen names of their own that don't use Imax technology. Imax said last quarter its big-screen footprint is double the size of its nearest competitor. Cinemark's company-branded big screens are called XD, while Regal's are dubbed RPX and Marcus' MT-X. They are typically 70 feet wide, or more, and taller than those found at traditional theaters. Some come with premium sound systems and seats that move. They resonate with fans, who will often pay 30% more for seats. Also driving the push for change is the sluggish recovery of the theater industry following the Covid-19 pandemic and labor strife in Hollywood that cut the supply of new films. Ticket sales nationally remain well below the pre-Covid peak. Despite those troubles, Imax is set to score its best year for box-office revenue in 2025 on the back of movie marketing campaigns that carry taglines like 'Filmed For Imax.' Cinema owners who don't have Imax screens have bristled at receiving film posters from major Hollywood studios with taglines such as 'See it in Imax,' the people said. Another source of tension is the deal that Imax struck to release Netflix Inc.'s film based on C.S. Lewis' The Chronicles of Narnia in late 2026, the people said. The Greta Gerwig-directed film will run for two weeks exclusively on Imax screens before being released on the streaming service. Some theater owners are in revolt because Netflix has largely shunned theatrical releases. Its co-Chief Executive Officer Ted Sarandos has criticized theaters as an inefficient distribution model. Speaking at an industry event earlier this year, Regal CEO Eduardo Acuna wouldn't commit to playing the Narnia movie in his theaters even though his circuit operates Imax screens, arguing that two weeks is too short a period to draw a significant number of moviegoers. And earlier this month, Tim Richards, CEO of Vue Entertainment, Europe's largest independent cinema chain, debuted a large-screen format called Epic, in part due to Imax's deal with Netflix. In a May interview with the New York Times, Adam Aron, chief executive officer of AMC, said his circuit will screen Narnia to support Imax. More stories like this are available on
Indianapolis Star
03-05-2025
- Entertainment
- Indianapolis Star
Marvel Studios' 'Thunderbolts*' is in theaters now! Get discounted movie tickets on Groupon
AI-assisted summary Groupon offers discounted Regal Cinema tickets, along with deals on concessions. The discounted tickets can be redeemed at any Regal Cinema nationwide, but surcharges apply for premium formats. Groupon also offers deals on other entertainment and activities besides movie tickets. Disney just dropped the latest installment in the MCU franchise: Marvel Studios' 'Thunderbolts*'. If it's anything like every other Marvel movie release, you're going to want to see it sooner rather later, or deal with the spoilers from everyone on the internet. This weekend, you can grab tickets for a Regal Movie Cinema theater near you on Groupon and save some cash on the tickets (and we know how expensive movie tickets have gotten). Groupon also has blockbuster deals on snack packs that include popcorn, a drink and some fruit snacks. You don't have to pay full (and outrageous) prices at the movie theater ever you definitely don't have to sneak in pocket candy, either. One Small Popcorn A small popcorn at a Regal Cinema movie theater typically costs a minimum of $9, but you can save 12% when you pay ahead of time on Groupon. $7.49 at Groupon (Save 12%) Regal Cinema Snack Pack Want a movie snack that's not just popcorn? A snack pack includes a snack-size popcorn, junior-size drink and a Welch's fruit snack. $6.88 at Groupon How does a Groupon Regal Cinema ticket work? Regal Premiere Movie Tickets purchased on Groupon need to be redeemed for the actual Regal ticket, you're just paying a cheaper price! The tickets are redeemable at any of Regal theatres nationwide. They can be redeemed at the theatre box office, concession stand, Kiosk, Regal Mobile App, or at Surcharges apply to all IMAX, RPX, ScreenX, Premium Large Format, 3D and 4DX films. These tickets are not valid for special events or special screenings like marathons, double features, fan screenings, MET Opera, Fathom Events, some foreign language films, sporting events, and concerts. Popcorn and snack box purchases needs to be redeemed at the concessions counter of your local Regal Cinema. Is Groupon legit? While Groupon deals may seem too good to be true, they are totally legit. Groupon helps you save on local activities, travel-friendly experiences and everything in between. From a discounted spa day or tickets for local events to a top-rated hotel reservation, Groupon deals can help you enjoy more for less.
Yahoo
10-03-2025
- Business
- Yahoo
RiverPark Large Growth Fund's Top Contributor: Amazon.com (AMZN)
RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its 'RiverPark Large Growth Fund' fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. During the fourth quarter, the markets continued its strong rally with the Russell 1000 Growth Index (RLG) and the S&P 500 index returning 7.1% and 2.4% respectively and RPX returning 5.11%. In 2024, the S&P 500 index and the RLG returned 25.0% and 33.4%, respectively. RPX returned 22.6%. The solid performance of the U.S. stock market in the fourth quarter of 2024 was supported by a rising investor sentiment and solid fundamentals. In addition, please check the fund's top five holdings to know its best picks in 2024. In its fourth quarter 2024 investor letter, RiverPark Large Growth Fund emphasized stocks such as Inc. (NASDAQ:AMZN). Inc. (NASDAQ:AMZN) provides consumer products, advertising, and subscription services through online and physical stores that operate through North America, International, and Amazon Web Services (AWS) segments. The one-month return of Inc. (NASDAQ:AMZN) was -14.54%, and its shares gained 15.87% of their value over the last 52 weeks. On March 7, 2025, Inc. (NASDAQ:AMZN) stock closed at $199.25 per share with a market capitalization of $2.112 trillion. RiverPark Large Growth Fund stated the following regarding Inc. (NASDAQ:AMZN) in its Q4 2024 investor letter: " Inc. (NASDAQ:AMZN): Amazon was our top contributor in the fourth quarter following third quarter results of slightly better than expected revenue and much stronger than expected operating income. 3Q operating income of $17.4 billion exceeded company guidance of $11.5-15 billion (and Street estimates of $14.7 billion), driven by margin expansion across all three major segments, including gross/net margins of 38% at AWS, up from 30%. In addition, the company reported an acceleration in e-commerce demand both domestically and internationally, and accelerated growth of Prime paid memberships. The company guided to 4Q operating income of roughly $18 billion driven by the same positive factors that impacted 3Q. Inc. (NASDAQ:AMZN) is in first position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 339 hedge fund portfolios held Inc. (NASDAQ:AMZN) at the end of the fourth quarter compared to 286 in the third quarter. In Q4 2024, Inc. (NASDAQ:AMZN) achieved global revenue of $187.8 billion, representing an 11% year-over-year growth excluding the impact of foreign exchange. While we acknowledge the potential of Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we discussed Inc. (NASDAQ:AMZN) and shared the list of top stocks on analysts' radar. In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
