LOS ANGELES (Reuters) – The greatest cinema chains consisting of AMC Entertainment, Regal Cinemas and Cinemark will definitely spend better than $2.2 billion over the next 3 years to replace cinemas within the united state and Canada, a market staff revealed on Thursday.
Improvements will definitely be made by the 8 biggest cinema chains within the space, standing for over 21,000 shows and 67% of ticket workplace gross sales, in accordance with the National Association of Theatre Owners.
The flick service has truly encountered quite a few difficulties from the surge of streaming to the COVID-19 pandemic and the Hollywood strikes in 2023.
NATO said the funds would definitely be made use of for quite a few duties, consisting of mounting much more cozy seats, together with immersive audio and laser estimate trendy expertise and boosting cooling, carpets and foods and drinks decisions.
(Reporting by Lisa Richwine; Editing by Rashmi Aich)
