Space Industry and Business News  
INTERNET SPACE
China key to record global movie earnings
by Staff Writers
Los Angeles (AFP) April 12, 2016


Movie theaters reaped record earnings around the world last year -- $38.3 billion -- fueled by China and young people's spending on cinema tickets, industry data showed Tuesday.

Global spending on big screen showings of films was up by 5.2 percent last year largely on the back of phenomenal growth in China -- 51.2 percent, according to the National Association of Theatre Owners (NATO).

There also were major increases in Mexico (14.7 percent), Germany (14.3 percent), Spain (7.8 percent) and Brazil (7.4 percent).

At the North American box office, big-budget blockbusters such as "Star Wars: The Force Awakens" and "Jurassic World" helped push earnings above $11 billion for the first time.

"Historically, three of the biggest cinema markets were the United States, Europe and Australia. And in the old days, those territories weren't nearly as diverse as they are today," NATO president and chief executive John Fithian said in a speech at the CinemaCon conference in Las Vegas.

"Now, the overseas theatrical markets with the fastest growth rates are found in Asia and Latin America."

Fithian attributed the numbers in part to improved theaters, replete with better seats and sound, bigger screens and expanded offerings of refreshments.

He also highlighted the moviegoing appetite of adolescents.

"That demographic represents only eight percent of the US population, but a stellar 16 percent share of movie tickets purchased," Fithian said.

"The small screens of television may hold less appeal for teenagers. But the big screens of cinema, and the personal screens of hand-held devices, can co-exist quite well," he added.

Another factor, he said, was diversity, touching on a recent Hollywood race row.

"The more that movie casting looks like the world, the more the world goes to the movies," he said, pointing to "Furious 7" as an example.

As for the current year, Fithian said box office receipts were up 12.7 percent in the first quarter.

"Cinema admissions have continued to soar lately with a trio of summer-type blockbusters early in the year -- 'Deadpool,' 'Zootopia' and 'Batman v Superman,'" he said.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
INTERNET SPACE
Leica clocks up record sales ahead of new partnership with Huawei
Frankfurt (AFP) April 5, 2016
Leica, the top-of-the-range camera maker, clocked up record sales last year, its chief revealed in a newspaper interview Tuesday ahead of the expected unveiling of a new smartphone built in collaboration with China's Huawei group. "We are pleased to announce that we booked record sales of more than 365 million euros ($415 million)," chief executive Oliver Kaltner told the business daily Han ... read more


INTERNET SPACE
'Self-healing' plastic could mean better bandages, tougher phone cases

Ruthenium nanoframes open the doors to better catalysts

Artificial molecules

Record-breaking steel could be used for body armor, shields for satellites

INTERNET SPACE
Harris supplies tactical radios to African country

In-orbit delivery of Laos' 1st satellite launched

Upgrade set for Britain's tactical communications system

Airbus continues operating German military satellites

INTERNET SPACE
NASA Progresses Toward SpaceX Resupply Mission to Space Station

SpaceX lands rocket on water platform for first time

SpaceX to launch first cargo since 2015 accident

Atlas V OA-6 Anomaly Status

INTERNET SPACE
Russian Glonass Satellite Scheduled for Launch on May 21

Glonass navigation system's ground infrastructure successfully completed

China launches 22nd BeiDou navigation satellite

Russia's Roscosmos to Hand Over Glonass Infrastructure to MoD in 2016

INTERNET SPACE
New system helps aircraft automatically avoid mid-air collisions

New insight into interaction of volcanic ash with jet engines

Navy funds Boeing procurement of P-8A Poseidon components

Kuwait signs contract for 28 Eurofighters

INTERNET SPACE
Novel way of transferring magnetic information

Cooling chips with the flip of a switch

Scientists push valleytronics 1 step closer to reality

Researchers use single molecule of DNA to create world's smallest diode

INTERNET SPACE
Sentinel-3A feels the heat

UAE monitors Dubai coastline changeds since 2009

NASA, Japan make ASTER earth data available at no cost

Satellites key to monitoring harmful emissions: space agencies

INTERNET SPACE
Moss is useful bioindicator of cadmium air pollution, new study finds

Pollution woes to keep 40 percent of cars off Mexico City roads

Common pesticides kill amphibian parasites

Beirut trash clean-up begins as critics cry foul









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.