San Jose, CA -- Consumers remain enamored with cinema even as they incorporate new forms of entertainment into their consumption patterns. Worldwide cinema industry has experienced drastic growth over the past decade both in terms of box office revenues and admissions. In spite of frugal economic scenario, worldwide movie ticket sales reached $32 billion in 2010, up from nearly $30 billion recorded in the year 2009. Patrons have also witnessed dramatic changes in the form of expansion of theaters chains, creation of multiplexes and megaplexes that accommodate more screens. The box office growth has been mainly fuelled by the rollout of 3D screens, as theater owners charge more for a 3D film, thereby increasing overall box office revenues. Also, more movies are being released now than ever before, giving consumers greater choices and reasons for frequent viewing. Movie theaters are no longer restricted to a place to sit and watch a movie, and have evolved in function to become a complete entertainment center for consumers. The increasing adoption of a digitally based lifestyle by majority of consumers, created a new genre of audience called 'net generation' that will pump plenty of demand into online and mobile ticketing formats. And the rise of alternative delivery channels, will indisputably ensure that movie watching remain a phenomenally popular entertainment option for the consumers for years to come.
Today, online movie booking has become an international trend driven by the fact that more people globally are increasingly familiar with booking their movie tickets online. The online movie ticketing services market has, over the years, revolutionized the concept of traditional ticketing booking, and has today entwined itself with modern culture, influencing ticket purchasing habits of consumers. Movies are widespread across the globe, and hands-on access to movie and showtime info, closest theater locations and direction, and purchase of tickets that allow on-the-go movie planning make online channel more exciting. Several theaters worldwide have made available the whole block of their inventory of theater seats to online merchants such as MovieTickets.com, Fandango, and Moviefone, while few others presently reserve some tickets for walk-up customers at the box office. Rising penetration of broadband combined with wireless phones with online capabilities, have groomed the modern online movie ticketing industry into a multi-billion dollar market.
Despite the dampener cast by the economic recession, cinema was less affected by the financial market conditions because it is one of the cheapest forms of out-of-home entertainment option. Also, the value offered by entertainment during weak economic times is typically higher, since people tend to seek out diversion as an option to ease the pressures of an increasingly tough economy on their lives. The willingness of regular and loyal moviebuffs to watch new movie releases even in the teeth of recession, fuelled the fortunes of movie ticket industry, giving it a better chance of success than any other business relying on discretionary spending vulnerable to the recession. The year 2009 has already been ranked as a successful year for movie industry, with a great selection of movies, appealing to mass audiences. Some of this success can also be attributed to the new experiences offered by a launch of spectacular 3D films.
Online booking is a predominant trend for acquiring movie tickets in the US and Europe. As stated by the new market research report, United States and Europe account for a major share of the global Online movie ticketing services market. While online sales for movie tickets are increasing, they are yet pretty minimal in comparison to the standard walk-up box office, so online market has plenty of room for growth in the next five years, and much of that growth will come from beyond the developed nations where the number of home PC penetration, Internet cafes, and Internet usage are all on the rise. While Europe, and the US have long dominated the online movie ticketing services market, Asia-Pacific has been turbo-charging global growth in recent years, primarily due to factors such as strong economic growth and prosperity, shift towards Western oriented lifestyles, rising broadband penetration, and launch of swanky multiplexes, among others.
Major players in the global marketplace include AOL MovieFone Inc, BIG Cinemas, BookMyShow, Cinemark Holdings Inc, Cineplex Entertainment LP, CineStar Cinemas, Fandango Inc, Inox Leisure Limited, KyaZoonga, MovieTickets.com, among others.
The research report titled "Online Movie Ticketing Services: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The single-segment report provides market estimates and projections (in US$ Millions) for major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Online_Movie_Ticketing_Services_Market_Report.asp
WASHINGTON -- The U.S. House Judiciary Committee's Intellectual Property, Competition and the Internet Subcommittee today held a hearing on the negative impacts of online theft entitled "Promoting Investment and Protecting Commerce Online: Legitimate Sites v. Parasites." Michael O'Leary, Executive Vice President, Government Affairs of the Motion Picture Association of America, Inc. (MPAA) made the MPAA's statement illustrating the detrimental effect of Internet sites profiting from disseminating work stolen from the creative workforce.
"The key foundation of American industry - the expectation that hard work and innovation is rewarded - is imperiled when thieves, whether online or on the street, are allowed to steal America's creative products and enrich themselves along the way.
"Rampant theft of American intellectual property puts the livelihoods of the workers who invest time, energy and fortune to create the filmed entertainment enjoyed by millions at risk; to these men and women and their families, digital theft means declining incomes, lost jobs and reduced health and retirement benefits.
"We believe that rogue sites legislation, combined with the Administration's work with intermediaries and enforcement by the IPR Center, will go a long way towards shutting down the unauthorized distribution of copyrighted works and close a gap in the intellectual property law."
A full copy of the MPAA's statement can be found here.
ENGLEWOOD, Colo. and New York, NY -- DISH Network L.L.C. and EPIX, the premium entertainment service from Paramount, Lionsgate and MGM, today announced that DISH Network satellite TV customers who subscribe to EPIX Programming automatically have free, unlimited on-demand, online access to content via DISHOnline.com (www.DISHOnline.com).
DISH Network customers who subscribe to DISH Platinum now have access to more than 3,000 films and additional EPIX programming via DISHOnline.com anytime and anywhere in high definition and standard definition - including new releases like "Star Trek," "The Last Airbender," "Iron Man 2", "Shutter Island" and "Kick-Ass," plus original music and comedy shows featuring A-list performers like Bon Jovi and Craig Ferguson.
"DISH Network is committed to offering not only the best video content available but also the ability to watch it anywhere, which is why our partnership with EPIX is an important step in the expansion of the already robust lineup of popular movies available online and on-demand at DISHOnline.com," said Dave Shull, senior vice president of Programming for DISH Network. "DISH Network customers who subscribe to EPIX programming can now access high-quality movies by simply logging in to DISHOnline.com."
DISH Network customers can also use their DISH Network account login to access EPIX content on EpixHD.com, which features content from EPIX, EPIX 2 and The 3 from EPIX as well as studio exclusives, behind-the-scenes footage, movie extras, and access to an innovative online screening room feature that enables consumers to invite up to four friends anywhere to watch movies while they chat online in real time.
"From the very beginning, we have focused on working with our distribution partners to help them better serve their customers and enable them to watch the great movies from EPIX whenever and wherever they want," said Mark Greenberg, president and CEO of EPIX. "DISH Network has been among the first to fully embrace the online viewing opportunity through DISH Online, and we are proud to launch EpixHD.com to better serve DISH Network customers around the country."
For more information or to create an account, visit www.DISHOnline.com.
Raleigh, NC, and Los Angeles -- Microspace Communications Corporation (Microspace), the leading distributor of digital cinema via satellite, announced today that its leadership position in satellite movie delivery is providing great growth for alternative and live content in 2011, with 19 events already slated to run in 2011. To date, Microspace has delivered more than 70 total films to 3,500 screens across the United States, Mexico and Canada.
Microspace continued to deliver a constant stream of first run feature movies via satellite in 2010 for four different major studios. Additionally, Microspace delivered nine live events from alternative content distributors to its rapidly growing LiveCinema network.
"Carmike's decision to incorporate satellite delivery is because of the combined benefits of reliability and ease of use," said David Passman, president and CEO, Carmike Cinema. "Microspace satellite delivery also provides us with the ability to take advantage of offering live alternative content which increases our overall revenue while providing theatergoers with exciting content to choose."
Since 2005, the company has delivered 72 major motion pictures from nine studios, including the first 3-D movie and the first 4K movie via satellite using its VELOCITY® system. Microspace now services 260 theaters within the United States, Mexico and Canada including Allen Theaters, AMC, Carmike Cinemas, Celebration! Cinema, Cineplex Entertainment, Mann Theaters, Marquee Cinemas, Megaplex and Ultrastar Cinemas.
"As digital cinema continues to mature, Microspace's satellite services continue to provide both studios and exhibitors with the most secure and reliable delivery of digital content to the big screen, said Joe Amor, vice president and general manager, Microspace. "Combined with the cost savings and reduced theatre workload, electronic delivery of theatrical content via satellite is rapidly becoming the preferred method of distribution for content owners."
"Our customers recognize Microspace's leadership in digital cinema satellite delivery and appreciate our 20 years of experience, dedicated satellites and in-house technical service teams that ensure complete network reliability, saving delivery costs for studios and hard-drive costs for exhibitors," said Curt Tilly, manager of digital cinema distribution, Microspace. "To date we have saved our combined exhibitor partners literally hundreds of thousands of dollars compared to the costs of hard-drive deliveries."
Satellite distribution offers movie studios live event and alternative content providers a less labor-intense process that is scalable, secure and cost-effective. For exhibitors, satellite distribution provides ease of use and rapid deployment of live/ alternative content through the existing satellite equipment.