Movie theater with neon signs. Photo by Myke Simon on Unsplash

Shattered windows: 24% of US domestic box office at risk

More than $2.6 billion in Domestic box office might have been sacrificed in 2019 had a 17-day window been in place. New research by Gower Street shows that 24% of total box office across the Domestic market last year was taken beyond Day 17 of release. The time frame of the exclusive theatrical window has been a focal point of conflict between exhibition and the studios for over 70 years. With the rise of streaming services and digital distribution over the last decade it has intensified and the resulting shutdown…

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Food delivery. Photo by Kai Pilger on Unsplash

Reimagining European restaurants for the new normal – report

To win in the next normal, European restaurants will need to embrace innovation in their channel strategy, menu offerings, and business model. Six months into the COVID-19 crisis, European restaurants are reopening amid challenging conditions such as infection waves, mandated reductions in seating capacity, and consumer safety concerns. One thing is certain—the market will not go back to how it was before the pandemic. Already, we’re seeing consumer preferences and behaviors change. Consumers are showing greater focus on value-for-money and more interest in restaurants that offer healthy food options. And while…

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Fleurets leisure report image – flowers on a restaurant table

UK hospitality trade bodies outline ‘road to recovery’

Sector must use industry collaboration and government support to boost recovery, according to UKH and CGA A new report from UKHospitality and CGA has revealed the scale of impact Covid has had on the hospitality sector, and outlines what the industry can do to recover both sales and consumer confidence. According to the trade bodies, “rigorous” safety measures, industry collaboration and government support can “speed the sector along the road to recovery”. The latest Future Shock series of reports from both groups provides the “most detailed picture yet” of the…

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