luxury movie theatre, photo Financial Express Cinema & theatre Emerging markets Food & beverage Reports Seating 

Subcontinental multiplex operators’ luxury gamble may not pay off

Even as OTT platforms wage a war on traditional media consumption, multiplexes have largely remained unaffected, according to reports. In the September quarter of FY 2020, two of India’s top multiplexes, PVR Cinemas and INOX Leisure, reported footfalls of 2.93 crore and 1.90 crore, respectively — a 40% year-on-year growth in footfalls — according to a report by Emkay Research. To leverage the growing footfalls, multiplexes are adding luxury and premium offerings to garner additional revenue. Ajay Shah, partner, EY, says while the regular screen formats bring in volumes for these…

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movie tickets: photo by Raychan on Unsplash Box office Editor's Choice Emerging markets Reports 

Worldwide cinema box office hits $42.5B record

Also, for the first time ever, International box office will exceed $30 billion. The theatrical business continued to thrive overseas in 2019, hitting a record $31.1B per comScore’s latest estimates, and an all-time high of $42.5B globally. This is the first time worldwide exceeds $42B and the first the international box office climbs past $30B. The results come in a year when domestic dipped by 4%. Of the major studios, only Disney saw increases at overseas turnstiles versus 2018 as its mega brands dominated (see chart below). This year is expected to look vastly different, but handwringing…

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John Winfield- Bluewater Shopping Centre, Dartford, Kent Cinema & theatre Commercial property Editor's Choice Reports Retail 

Report: is OOT retail property “overrented, over-stocked” and set to struggle?

Out-of-town retail has consistently outperformed its high street counterpart in recent years, with both opportunistic retailers and customers trading town centres for retail park shopping. Rental analysis of the retail park sector shows that the next five years could be testing for landlords as vacancy and lease terms work to suppress asset values. According to Radius Data Exchange over 50% of retail park leases signed since 1990 expire or experience lease break between now and 2025. The outcome of this is that large swathes of out of town stock will…

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