Paramount Pictures’ Post

🎟️🎥 Alamo Drafthouse Cinema x Sony Pictures Entertainment 👉 #Sony’s Acquisition of #AlamoDrafthouse: The Imperative for Experiential Movie-Going The acquisition of Alamo Drafthouse by Sony marks a significant shift in the movie theater industry. To appreciate this move, we need to look at Alamo Drafthouse’s unique history and approach. Founded in 1997 by Tim and Karrie League in Austin, Texas, Alamo Drafthouse quickly gained a reputation for its unique combination of dining and cinema. Known for its strict no-talking policy and themed events, the theater chain became a haven for film enthusiasts seeking an immersive movie-going experience. Alamo Drafthouse’s emphasis on luxury seating, gourmet food, and high-quality audiovisuals set it apart, creating an experience that streaming services can’t replicate. This focus on experience has become increasingly crucial as theaters compete to attract audiences in a digital age. Sony’s acquisition of Alamo Drafthouse highlights the industry’s shift towards enhancing the cinema experience. By integrating Alamo’s innovative approach with Sony’s resources, we can expect more exclusive screenings and themed events, drawing more consumers back to theaters. In this new era, the key to success lies in making movie-going an unforgettable event, a strategy that Alamo Drafthouse has mastered. Alamo Drafthouse Cinema Sony

Facing financial challenges, declining audiences, and the impact of post-COVID uncertainties, Boston theaters are adapting by offering crowd-pleasing productions, membership programs, and additional initiatives. Read more: https://lnkd.in/ezFtD3mj

Earlier this month, two historic theaters in the Capital Region of upstate New York announced their closure. Losing the Madison and Spectrum 8 is a bummer, but the ebbs and flows of theaters have been a hallmark since the idea first took hold in the 1900s. According to "Historic Theaters of New York's Capital District," the beginning of the 19th century saw theaters as nearly nonexistent, outside of the occasional performance in the room of an Albany hospital. Much of this was because of the view that theaters attracted sinners. By the early twentieth century, the fortunes of theaters had reversed and saw a boom of growth in our local region. Albany alone had 25 theaters in 1915. However, when film was introduced in the 1920s and 1930s, things really took off. But times have continued to change, and now we're beginning to see once again a regression in the number of theaters being able to support themselves. Arts and cultural institutions as a whole are in a deep reflection moment. So where does the theater stand in a world assaulting our senses with digital content everywhere we turn? Personally, an embrace of live performances, as well as innovative usage of film and other augmented reality technology, could very well be the renaissance we've been looking for. What does the history of your local theaters look like? And where do you feel the future is taking this important community institution?

Hollywood's Cinerama Dome Delays Reopening - But There's Hope for 2025! . . https://lnkd.in/dF7E4AJ8 . . #cineramadomedelay #hollywoodmovies #cinemalover #whattowatch #movieblog #filmfan #2025reopening #classicmovies #streamingguide #howtowatchin See insights and ads Boost Comment

This article asks an interesting question and maybe it is a glass-half-full situation. Yes, exhibitors leaning on landlords to lower rents is part of the explanation - as WSJ recently pointed out, it is hard to re-purpose cinemas into anything else. But my suspicion is that lowering seating numbers with the introduction of recliners, doubling down on premium and introducing wider location-based entertainment options (climbing walls!) also has something to do with this. No doubt this and more being discussed at CinemaCon https://lnkd.in/e2yCEMpX

Looking to upgrade your home theater setup? 🎬 Dive into our latest article where we break down the Best Home Theaters of 2024. Whether you're a cinephile or just love a good movie night, these top picks will take your entertainment to the next level. 🚀 Check it out - https://lnkd.in/grjaFNiu #HomeTheater #Tech2024 #Entertainment #Innovation #HomeImprovement #Savings24x7

Home Theater or Outdoor Entertainment Area? 🏡🎥 It's decision time! Are you craving the cinematic experience of a home theater, or does the idea of outdoor entertainment under the stars appeal to you more? Tell us which one you'd choose in the comments below! Your dream home, your choice. 📽️🌌 #ThisOrThat #HomeEntertainment🍿🌟

Interesting to see this research on the impact of cinemas on place.

Q: Why is it unusual for movie studios to own movie theaters? Sony Pictures Entertainment acquired the eclectic dine-in theater chain Alamo Drafthouse Cinema, an unusual example of a studio owner buying a theater chain. But why isn’t it more common? We asked reporter Robbie Whelan. A: “For starters, from the late 1940s until 2020, most big movie studios were prohibited under federal law from owning theater chains. A law from Hollywood’s Golden Age was meant to reduce the control that the original major studios like Warner Bros., 20th Century Fox and Paramount Pictures maintained over the industry by owning both the means of production and distribution of movies. That law didn’t apply to Sony, a relatively new entrant in the world of film distribution. These days, however, there’s a simpler explanation for why studios haven’t shown much interest in owning theaters: Theatrical exhibition is a business in decline. Most theaters were shut down during the pandemic, when the anti-consolidation law was overturned, and most big media companies pivoted hard over the last five years to the direct-to-consumer model, investing billions in building their own streaming services, which have since majorly eaten into the profits of theaters. Sony, which is sometimes referred to as an ‘arms dealer’ of content that is then distributed by other companies, has mostly resisted the trend of investing in streaming, preferring instead to license its content to established streaming services like Netflix. Buying Alamo makes a bit more sense for Sony compared to others, because Sony doesn’t own one of the major streaming platforms that might cannibalize the sales of tickets to its movies at the box office.”

Part 2 of cinema site-sizes: Central and eastern Europe has the highest concentration of single screen sizes at 56%, a structural legacy of the past, followed by Western Europe, which is partly down to cultural policy of supporting cinemas. Conversely, Latin America and Caribbean has the lowest rate at 16.9% as most cinemas are newer and larger. At the larger end, 11.1% of cinemas have 15 screens and more in North America compared to only 0.4% in Asia/Oceania.